Analyst, Debt Capital Markets

As part of the Global Debt Capital Markets (DCM) team, the Sovereigns, Supranationals & Agencies (SSA) desk focuses on origination and execution of bond financing transactions for Sovereign, Supranational and Agency issuers around the globe. The position supports origination, structuring and execution of bond transactions for public sector clients, while contributing to strategic client coverage and maintaining strong market insight. The role provides exposure to high-profile clients including sovereign governments, development banks, and international financial institutions.

Key activities

• Assist the coverage of all global SSA clients for bond new issues.
• In cooperation with other team members, prepare and deliver client pitches on relevant transaction ideas, market updates, key developments and strategic options.
• On active mandates, liaise with relevant stakeholders within and outside SCIB to prepare, launch, market and execute a range of capital market transactions.
• Support the execution of new bond issues, including drafting investor materials, managing documentation, and liaising with internal/external stakeholders.
• Perform transaction analysis, including pricing, market conditions, investor demand, and peer comparisons.
• Maintain up-to-date knowledge of assigned clients, their funding strategies, and relevant market developments.
• Track and analyse investor sentiment and flows relevant to SSA issuers.
• Contribute to building strong relationships with clients through timely delivery of materials and insights.
• Monitor global rates, credit spreads, macroeconomic developments, and policy drivers impacting SSA issuance.
• Maintain internal databases and pricing models to support idea generation and client pitches.
• Produce daily and weekly market updates for both internal stakeholders and clients.
• Work closely with Syndicate, Sales & Trading, Research, and Legal/Compliance teams to ensure seamless deal execution.
• Coordinate with Rating Advisory and Liability Management colleagues to deliver integrated solutions.

What we’re looking for

• Experience in a Front Office investment banking environment/technical role, with a specific focus on DCM.
• Basic knowledge of client base (European Banks) and/or their bond and financing needs; ability to drive agenda with those clients; link with wide internal team including Syndicate, Banking, Swaps, Sales etc.
• Strong quantitative, analytical and modelling skills with attention to detail.
• Excellent communication and presentation skills, both written and verbal.
• Proficiency in Excel, PowerPoint, and Bloomberg (or equivalent market data systems).
• Ability to manage multiple tasks under tight deadlines in a fast-paced environment.
• Collaborative team player with strong work ethic and eagerness to learn.
• Educated to Degree level in a relevant subject (preferably in an Economics and Finance related field) – Post Degree education a plus.
• Modern European Languages (Spanish, French, German, Dutch) in addition to fluency in English desirable.
• Regulatory certification /Fit & Proper assessment for the role.

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.
• 27 days holiday plus bank holidays, with the option to purchase 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. 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.