Risk Analyst
Join Santander and you'll become a vital part of a business built on the outstanding service provided to our customers, as well as the award-winning products we offer. We're one of the fastest growing banks in the UK and that is down to our people. And we recognise that as we help you develop your career you'll be doing the same for our business.
The Financial Institutions team within the Wholesale Risk Area is the local representative of the equivalent function located within the Global Wholesale Risk Area in Madrid.
We are currently looking to fill a high-profile role, which will require expertise in credit across financial institutions and CCPs.
As a Risk Analyst you will be responsible for the credit quality of the Bank's FI/CCP portfolio, including ensuring sound credit practices and assessment are applied to new approvals and appropriate monitoring and review of extant counterparties is undertaken on an ongoing and regular basis.
You will need to have exceptional communication and client-facing skills as well as an ability to build strategic relationships with key stakeholders. As you will be closely liaising with Madrid Risk (particularly the particularly the Bancos OCDE sub team) and other local Risk centres (e.g. Paris, New York, Hong Kong etc) on Financial Institutions and CCP issues.
Santander UK
The Santander Group has more than 150 years' experience in global banking and more branches worldwide than any other international bank. We are well on the way to repeating this success in the UK, having been recognised as one the "Top Employers in the UK" in 2012 by the Corporate Research Foundation (CRF) Institute.
As a Risk Analyst - Financial Institutions and CCPs, your skills and qualifications will ideally include:
- Degree or equivalent professional qualification.
- Extensive Credit knowledge across Banks and CCPs.
- Previous product knowledge of the range of trade finance and capital markets/trading products (including derivatives, stock lending, repo, money market instruments and bond issues), collateral management methodology and legal/documentation issues to allow the risk factors to be thoroughly identified and understood.
- Ability to work and exercise judgement to tight deadlines as necessary in a trading environment. Responding to changing business demands as required.
- Ability to communicate effectively both in writing and verbally across the full range of staff levels.
- Spanish language skills highly desirable, but not essential.
As a Risk Analyst - Financial Institutions and CCPs, your main responsibilities will involve:
- Monitoring and analysis of Wholesale Risk exposure to Financial Institutions and Sovereigns within:
OECD Banks
CCPs
Nostro accounts
ALCO Covered Bond portfolio
Corporate Bond Trading
ACMP
- Credit contact with stakeholders in the range of front office areas within SAN UK, including FIG, ALM/ALCO, Short-Term Markets (Fixed Income and Equities), Derivatives, Trade Finance etc.
- Analysis of Credit risk aspects of Treasury and Capital Markets products, including relevant legal documentation and risk mitigation techniques.
- Recommending proposals for consideration at the relevant approval level, including the analysis of specific structured trades, frequently including an assessment of the collateral pledged.
- Attendance/presentation at relevant Committees (CIAC, ERC etc.) in relation to FI and Sovereign risk issues.
- Input into the analysis and overview of management information ('MI') on relevant FIs.
Location: London
Salary: £45-55,000 + excellent benefits
Santander welcomes applications from all sections of the community.
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