3rd Party Funds Op. Due Diligence (Analyst) at Santander

Boadilla del Monte, Community of Madrid, Spain

Apply Now

Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Wealth Management, Asset Management, Insurance, BankingIndustries

Requirements

Bachelor's degree in Business Administration, Economics, or similar. Master's degree is a plus
High level of English is a must
CAIA is desirable
At least 2 years of experience in areas of due diligence, audit, accounting, valuations, investment risk, compliance, operational risk, manager selection or investment operations
Understanding of the risks inherent within fund investments and financial instruments
Understanding of industry standards and best practices relating to internal controls and procedures, risk management, operational due diligence and investment regulations
Excellent presentation and communication skills
Ability to multi-task and exhibit high attention to detail and accuracy

Responsibilities

Participate in operational due diligence assessments of new and existing Traditional and Alternative (Private Equity, Real Estate, Infrastructure, Private Debt and Venture Capital) external fund managers, including on-site meetings with fund manager personnel
Analyze and assess processes, systems, documentation, personnel and overall controls pertaining to Fund terms and Governance, Legal and Regulatory, Compliance, Trade Operations, Cash Controls, Counterparty Risk Management, Valuation, IT Infrastructure and Cybersecurity
Conduct onsite meetings with key staff at the investment management firm (generally including the COO, CRO, CCO and supporting staff) during the ODD process
Complete thorough risk due diligence reports on fund managers on a timely basis, highlighting the Findings from the review, and present them to the risk committees
Perform on-going monitoring of existing funds and investment managers and raise alerts if needed
Develop and maintain the fund list of recommended alternative and traditional asset class offerings, including undertakings for collective investments in transferable securities (UCITS)

Skills

Operational Due Diligence

Risk Management

Mutual Funds

ETFs

Private Equity

Real Estate

Private Debt

Venture Capital

Infrastructure

Asset Management

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

Land your dream remote job 3x faster with AI

Try Jobo Free