Overview
Admission Credit Risk Manager — Spain
Santander is evolving from a global, high-impact brand into a technology-driven organization, and our people are at the heart of this journey. We are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what\'s possible. Our mission is to help more people and businesses prosper. We embrace a strong risk culture and all professionals are expected to take a proactive and responsible approach toward risk management. Santander Corporate & Investment Banking (Santander CIB) is Santander\'s global division that supports some of the world\'s most complex and sophisticated corporate and institutional clients, offering customized services and value-added wholesale products to meet their needs. Santander CIB is looking for an ADMISSION CREDIT RISK MANAGER based out of Boadilla (Madrid).
We are shaping the way we work through innovation, cutting-edge technology, collaboration and the freedom to explore new ideas. To succeed in this role, you will be responsible for the following:
Responsibilities
* Risk Assessment (ratings): Evaluate the creditworthiness of clients, counterparties, and portfolios under its scope (CE and Spain) by analyzing financial statements, credit reports, and market conditions. Review and approval of group ratings globally (Latam, Asia, US and UK) to ensure homogeneity and consistency across all SCIB Risk Units. Engage with Local Units to discuss and review ratings. Responsible as Model Users of the definition and control of the Santander Large Corporate Rating Model. Engage with Model Owner, Methodology, IA and Regulator in the definition of Guides.
* Decision-Making: Approve or recommend credit limits and lending decisions within defined authority levels in Global Committees and Local Committees under scope (Spain). Engage with Local Units and presentation in Global committees. Sector analysis and coordination of global preclassification processes.
* Policy Development: Establish and enforce credit risk policies, frameworks, and risk appetite guidelines in line with regulatory requirements and Santander strategy. Coordinate with Local Units.
* Collaboration: Work closely with Global business units, finance, and compliance teams to balance risk and commercial objectives and define SCIB strategies.
The following requirements represent the knowledge, skills, and abilities essential for success in this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Qualifications
WHAT YOU\'LL BRING
Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organization. We\'re enabling teams to go beyond by valuing who they are and empowering what they bring.
The following requirements represent the knowledge, skills, and abilities essential for success in this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Professional Experience
* Minimum 4-6 years of experience in credit analysis, risk management, or corporate finance, ideally in a banking or financial institution. (Required)
* Proven experience preparing credit reports, performing due diligence, and monitoring credit exposures. (Required)
* Exposure to corporate lending, SME portfolios, or structured finance is highly valued (Preferred)
Education
* Bachelor\'s degree in Finance, Economics, Accounting, Business Administration, or a related field. (Required)
* A Master\'s degree or professional certification (e.g., CFA, FRM) is a plus. (Preferred)
Languages
* English (Required)
* Spanish (Preferred)
* Other languages like Portuguese, French or German (Preferred)
Hard Skills
* Strong understanding of financial statements analysis, credit risk assessment, and cash flow modeling. (Required)
* Proficiency in Microsoft Excel (including advanced functions and financial modeling). (Required)
* Knowledge of credit scoring models, rating methodologies, and risk-adjusted return analysis. (Required)
* Experience with data analysis tools (e.g., Power BI, SQL, or Python for financial analysis) is desirable. (Preferred)
* Familiarity with banking regulations and Basel III/IV frameworks. (Preferred)
* Ability to prepare detailed credit memos and present findings clearly to senior management (Required)
Soft Skills
* Excellent analytical and critical thinking abilities.
* Strong attention to detail and commitment to accuracy.
* Effective communication skills, both written and verbal, in English (Spanish is an asset).
* Ability to work under pressure and meet tight deadlines.
* Strong sense of ethics, responsibility, and team collaboration.
* Proactive and curious mindset, with a focus on continuous improvement.
* Ability to work in multicultural environments
WE VALUE YOUR IMPACT
Your contribution matters, and it\'s recognized. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver. Rewards go beyond numbers.
* We\'re enable our teams to go beyond through global opportunities and broad career paths.
* Flexibility that works. Enjoy a hybrid working model—some days remote, some days onsite with your team, along with flexible hours.
* Learning for life. Access hundreds of courses on our platforms, including exclusive access to our global learning space: Santander Open Academy (www.santanderopenacademy.com)
* Competitive rewards. Receive a highly competitive salary with performance-based bonuses, motivating you to keep growing with us.
* Financial advantages. Benefit from preferential banking terms, special interest rates on loans, life insurance, and more.
* Your health is our priority. Through BeHealthy, our global wellness programme, we promote Holistic wellbeing.
* We know family is everything. Childcare support and family-friendly programmes tailored to each life stage.
* Always by your side. Access Santander Contigo, our program offering legal, emotional, and administrative advisory services.
* Extra benefits. Gym/WellHub membership, medical centers in some facilities, meal subsidy, parking, shuttle service in Madrid, exclusive employee discounts.
We\'re here to keep you motivated, help you reach your goals, and celebrate your progress, every step of the way.
Compliance
LOCAL COMPLIANCE
Santander is proud of being an organization with equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation. We are committed to providing an inclusive and accessible application process for all candidates.
What to Do Next
If this sounds like a role you are interested in, then please apply.
Ready to take the next step in your journey?
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