Senior Associate/Vice President - FIG DCM Solutions - Capital Advisory for Financials

We are seeking a highly motivated Senior Associate or Vice President with a strong analytical and technical insight in financial institutions to join our Debt Capital Markets Team (DCM) in London, as a FIG DCM Capital Solutions banker. An opportunity to continue to strengthen the bank's existing FIG relationships through the lens of expert regulatory and balance sheet advice and its impact on funding plans.

Primary Responsibilities

• Collaborate with and be a key member in the client coverage of Financial Institution Group (FIG) issuers within the Debt Capital Markets (DCM) division of the Investment Bank, as a subject matter expert in bank and insurance regulatory capital and how that flows into the strategy and management of our clients' debt instruments (AT1, T2, MREL).
• The individual will both produce and be responsible for pitching the solutions and recommendations to clients as part of the coverage team - primarily in EMEA but also expanding our scope of coverage and client base more globally.
• Primary responsibility for spotting new trends and opportunities to Bank and Insurance balance sheets and both providing thought-provoking updates to our FIG clients while also looking for new issue and liability management opportunities in the DCM that arise on the back of these.
• Lead the day-to-day production of content on the evolution of bank and insurance balance sheets both in terms of regulatory / rating evolution as well as being on top of T&Cs (Terms and Conditions) of bond instruments and how these evolve to meet regulatory and rating agency constraints while balancing investor tolerance to risk.
• Produce high-quality client materials, such as impact analyses and new developments - some examples include (i) Basel 3.1 impacts, (ii) potential restructuring of the bank capital stack, (iii) evolution of T&Cs in bond documents to facilitate M&A.
• Will take the lead in such materials but collaborate closely with internal stakeholders such as Coverage Bankers, Liability Management and Debt Advisory (Ratings), where necessary to deliver the strategic capital and balance sheet optimisation solutions for clients.
• Work as part of the DCM team to build market updates, pitch presentations, email recommendations, and transaction documentation.
• Assisting in the execution of bond deals in the public debt markets (particular focus on EUR, USD & GBP), working closely with Bond Syndicate, Sales and Trading, Structured Solutions, our Global DCM and Syndicate partners, as well as internal and external counsel on transaction documentation.
• Support and upskill the analysts and associates within the team, providing feedback and reviewing their materials.

What we're looking for

• Prior experience covering / knowledge of European and International FIG regulatory regimes a must - ideally both for Banks and Insurers and ideally within DCM.
• Understanding of underlying rating agency methodologies preferable as well as familiarity and comfort in interpreting and analysing the capital and liquidity position of Banks and Insurers.
• Confidence in applying knowledge of regulatory, rating and market factors in designing and recommending optimal issuance strategies to FIG clients - both new issuance as well as liability management exercises.
• Modelling balance sheets and roll-forwards a significant prerequisite.
• Understanding of capital markets, issuance mechanics, and investor dynamics particularly in relation to FIG capital and resolution instruments (AT1, T2, MREL).
• Familiarity with both Bond Documentation (predominantly Terms & Conditions) as well as the ability to navigate complex regulation (e.g. CRR, Basel) highly sought after.
• Track record of executing transactions and owning both the internal & external processes involved.
• Excellent communication and presentation skills.
• Highly motivated, adaptable and a strong ability to work under pressure whilst ensuring the highest quality of output.
• London based, with the ability to travel across EMEA.
• Fluency in English required; additional languages (especially French, German, or Spanish) preferable.
• Educated to degree level.

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 bonus.
• Pension with generous contributions of up to 12.5% from Santander, depending on your own contribution and length of employment with us.
• Up to 30 days holiday + bank holidays, with the option to purchase/sell up to 5 contractual days per year.
• Company funded individual private medical insurance.
• Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, healthcare cash plan and health assessments.
• Benefits supporting you and your family, such as death-in-service benefit, income protection, and voluntary life assurance and critical illness cover.
• Share in Santander's success by investing in our Sharesave and Partnership shares plans.

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.

What to do next

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