SCIB Associate – European Securitised Products

Country: United Kingdom

Business area introduction

European Securitised Products Group (“SPG”) – the business provides asset-backed securities underwriting, structuring and placement in the capital markets, as well as short to medium-term non-recourse secured financing solutions to clients via the Group’s balance sheet, based on a broad range of assets including trade receivables, credit cards, consumer loans, auto loans and leases, mortgages and SME loans.

The SPG team has broad responsibility for securitisation across the whole European region for Santander CIB; it comprises 25 colleagues, the majority of which are based in London. The team has substantially expanded its front-line risk management capabilities for its securitised lending portfolio over the last two years and is now looking to add a new Associate to support the growth of the business.

Key activities

Lead the first line credit performance monitoring & surveillance for SPG financing business across EuropeAssist the head of the team in assessing & signing off new securitised lending opportunitiesAdvise front line origination in preparing annual credit reviews, assessing waivers and restructuring requests from borrowers & addressing ad-hoc requests from the credit function / SPG senior managementOversee the management of the monthly credit attestation process & the preparation of portfolio quarterly performance reviewsProduce balance sheet and revenue forecasts & performance MI for the businessBe responsible for the maintenance of all internal desk procedures manualsAssist the head of the team in defining and managing the risk appetite for the SPG businessKey liaison with the London & Madrid middle-office and back-office functions across financing facilitiesLiaison with finance teams in London and Madrid, the credit portfolio management and risk management functions across European SPG operationsActive involvement in the design, structuring and future management of a new ABCP conduit

What we’re looking for

Experience either in a securitisation credit risk, portfolio management or secured / asset backed lending role, either in a bank, rating agencies or on the buy-sideCandidates with experience in underwriting credit risk associated with retail assets (mortgages, credit cards, consumer / auto loans) or trade receivables / SME loans would be particularly of interestExperience of core loan and/or bond booking systems as well as credit management systems helpfulGood understanding of risk, regulatory and compliance frameworks as well as ability to address areas of concern through actionsStrong communication and collaboration skills across various stakeholders at different seniority levels, and ability to work effectively as a teamAbility to work well under pressure and handle multiple tasks with limited supervisionStrong attention to details and ability to produce consistently high-quality deliverableAbility to build strong partnerships with internal stakeholdersA “can-do” and pro-active attitudeHighly numerate with strong financial modelling skills using Excel/VBAEducated to Degree level in a relevant subject (Engineering, Finance, Science, and Mathematics)

What else you need to know

This role is based in our Triton Square office in London, conveniently located within walking distance from Euston Station and Warren Street Station.

How we’ll reward you

As well as a competitive salary, you’ll enjoy a benefits package that you can tailor to your needs.

Eligible for a discretionary performance-related annual bonusPension with generous contributions of up to 12.5% from Santander, depending on your own contribution and length of employment with us27 days holiday plus bank holidays, with the option to purchase up to 5 contractual days per yearCompany funded individual private medical insuranceVoluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, healthcare cash plan and health assessmentsBenefits supporting you and your family, such as death-in-service benefit, income protection, and voluntary life assurance and critical illness coverShare in Santander’s success by investing in our Sharesave and Partnership shares plans

For more information about our wide range of benefits and family friendly policies visit our website.

Equal Opportunities

Santander are an equal opportunities employer. When we talk about diversity, we don’t just want to pay lip service. Our customers come from a wide range of backgrounds, and so do our people. It’s important to us that we create an inclusive culture where everyone counts, and we particularly welcome applications from different underrepresented groups.

For more information on our commitment to equal opportunities, please visit our diversity page.

What to do next

If this sounds like a role you’re interested in, then please apply on the link.

Due to high volume of applications we may need to close this role earlier than the advertised date, so recommend submitting an application as soon as possible.

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