Associate, Securitised Products Group

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 Europe
• Assist the head of the team in assessing & signing off new securitised lending opportunities
• Advise 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 management
• Oversee the management of the monthly credit attestation process & the preparation of portfolio quarterly performance reviews
• Produce balance sheet and revenue forecasts & performance MI for the business
• Be responsible for the maintenance of all internal desk procedures manuals
• Assist the head of the team in defining and managing the risk appetite for the SPG business
• Key liaison with the London & Madrid middle-office and back-office functions across financing facilities
• Liaison with finance teams in London and Madrid, the credit portfolio management and risk management functions across European SPG operations
• Active 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-side
• Candidates 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 interest
• Experience of core loan and/or bond booking systems as well as credit management systems helpful
• Good understanding of risk, regulatory and compliance frameworks as well as ability to address areas of concern through actions
• Strong communication and collaboration skills across various stakeholders at different seniority levels, and ability to work effectively as a team
• Ability to work well under pressure and handle multiple tasks with limited supervision
• Strong attention to details and ability to produce consistently high-quality deliverable
• Ability to build strong partnerships with internal stakeholders
• A "can-do" and pro-active attitude
• Highly numerate with strong financial modelling skills using Excel/VBA
• Educated 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 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

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.