MEX HUB SCIB Operations Analyst I at Santander

London, England, United Kingdom

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Participate in team training programs to increase knowledge and perform more tasks
Maintain a collaborative and communicative environment within the team, complying with bank standards
Active participation in projects, including defining requirements, testing exercises, and recordkeeping evidence of system development and configurations

Responsibilities

Execute daily tasks related to trade processing of derivative products, FX and MM, including trade maintenance, settlement, reconciliation, electronic and paper confirmations, and issues resolution
Act as a central point of contact for the business when resolving incidents
Identify and escalate operational and IT incidents
Escalate recurrent manual workarounds
Handle transactions involving booking and servicing commercial loans and letters of credit
Research and respond to incoming commercial loan requests from supported business areas
Research payment history, loan balances, and associated documentation (e.g., loan notes, forbearance agreements, modifications)
Perform dollar transactions, collateral setup and maintenance, GL balancing, and quality review
Create and analyze error reports, research payments log and incoming wire transfer payments
Ensure proper documentation is filed for internal and external audits and resolve problems within guidelines
Guarantee harmonious implementation process based on defined flows, meeting client and bank expectations
Manage transfer of implemented solutions to Customer Service area
Participate in sales process as manager of solutions to be implemented
Provide feedback to Cash Management Global Products on implemented solutions/problems and collaborate on improvements
Support Middle Office team in structuring and processing Documentary Trade, Trade Funding (Corporates & IFIs), and Structured Trade operations
Participate in structuring and closing complex transactions (e.g., Inventory Financing, Borrowing Base, Pre-Export Financing)
Record banking operations ensuring compliance with control framework (Asset/Capital Portfolio Management, Credit Risks, AML/anti-terrorism, Operational Risk)
Monitor balances and liquidity positions
Supervise monitoring and control of real-time US dollar settlements
Supervise incidents related to liquidity management
Support local partners in the USA
Control reconciliations
Analyze reports on balances, positions, counterparties, and Kiwis
Manage Margin Calls (Variation/Initial Margin) and Portfolio Reconciliation
Set up new client agreements in collateral management system
Manage margin call processes for GMRAs, GMSLAs, CSA, CGAR, and CSD
Monitor Triparty allocation for Initial Margin activity
Identify, escalate, and follow up on client disputes and regulatory queries until resolution
Liaise with internal groups (Credit/Market Risk, Legal, Compliance, Sales, Trading, Operations) to resolve collateral issues
Interact extensively with clients
Perform reconciliations of portfolios

Skills

Key technologies and capabilities for this role

Derivatives OperationsFXMoney MarketsTrade ProcessingSettlementReconciliationConfirmationsIncident ResolutionCommercial LoansLetter of CreditCollateral ManagementGL BalancingError ReportsGTB OperationsImplementation Flows

Questions & Answers

Common questions about this position

What are the main responsibilities in Derivatives Operations for this role?

Daily tasks include trade processing of derivative products, FX and MM, trade maintenance, settlement, reconciliation, confirmations, and issue resolution. The role also involves acting as a central point of contact for incidents, escalating operational and IT issues, and participating in team training.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this Operations Analyst role?

This information is not specified in the job description.

What does the team environment look like at Santander for this position?

The role requires maintaining a collaborative and communicative environment within the team, complying with bank standards.

What experience or skills make a strong candidate for this role?

Strong candidates should have experience in derivatives operations, banking operations like commercial loans, GTB operations including trade solutions, and liquidity management. Participation in projects, incident resolution, and compliance with risk and regulatory standards are key.

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.

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