Product Development Specialist at Santander

Madrid, Community of Madrid, Spain

Apply Now

Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial Services, Investment BankingIndustries

Requirements

Expertise in documentary trade products (e.g., Letters of Credit, Collections, Guarantees)
Ability to track market trends, regulatory changes, and emerging technologies (e.g., blockchain, eBLs, digital compliance tools)
Experience in product development lifecycles, including agile and waterfall methodologies
Strong collaboration skills with internal stakeholders (e.g., MO, Operations, IT, Legal, Compliance)
Capability to engage with external technology providers and define integration models, including SLAs
Proficiency in developing business cases and roadmaps for IT investments
Client-centric mindset with ability to gather feedback from relationship managers, front-line teams, and clients
Proactive approach to risk management

Responsibilities

Design and drive the development of digital solutions in the documentary trade space (LCs, Collections, Guarantees, etc.)
Translate business and customer requirements into technology features and development roadmaps
Collaborate with internal stakeholders to ensure end-to-end delivery of new products and enhancements
Continuously monitor global and regional trends in trade digitization, regulatory changes, and emerging technologies
Assess competitor offerings and benchmark product capabilities to maintain market relevance
Define and lead IT development priorities for trade products in alignment with business goals
Maintain and update the product development backlog
Identify gaps in existing operational platforms and commercial offerings and define roadmaps to bridge them
Engage with external trade technology providers to evaluate integration opportunities
Define technical and commercial engagement models with partners, including onboarding requirements and SLA definitions
Develop and present business cases for IT investments needed to support new trade products or platform enhancements
Define short-, medium-, and long-term roadmaps for digital trade product development and platform evolution
Liaise with relationship managers, front-line teams, and clients to gather feedback and anticipate digital needs in trade finance
Act as a subject matter expert for digital documentary trade

Skills

Trade Finance

Documentary Trade

Letters of Credit

Bank Guarantees

Product Development

Digital Solutions

IT Solutions

Market Trends

Product Lifecycle Management

Third-Party Integration

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