Control Risk Analyst

About the role

Santander's OpenBank is looking for a Risk Control Analyst based in its Boadilla del Monte (Madrid) office. The role covers credit risk metrics, regulatory and management reporting, and supports the transformation of the department through risk management, technology and AI.

Key responsibilities

• Analyze, consolidate and challenge main credit risk metrics (S3, provisions, cost of credit) and other risks (counterparty, market, liquidity, non-financial) for units within the Western Hub scope.
• Write key messages for senior management and help develop Western Hub regulatory and management reports.
• Support initiatives combining risk management, technology and AI.
• Coordinate local projects, define workstreams with owners and monitor progress.
• Carry out strategic planning and budgeting, and oversee month-end provisioning and forecasting.
• Perform portfolio analyses to spot trends, emerging risks and opportunities, and recommend actions to management.
• Produce and automate reports, presentations and supporting materials for risk monitoring forums and stakeholders.

Required profile

• Bachelor's degree in economics, business, engineering, science, technology or mathematics.
• 3 years of experience in risk control and monitoring, especially credit risk and portfolio analysis (required).
• High-level written and spoken English (required).
• Preferred: IFRS9 experience, experience in a local business unit, and knowledge of the new definition of default.

Required skills

• Basic to medium programming (SAS, Python) and data management (SQL, Access).
• Advanced MS Office.
• Analytical, problem-solving and cross-functional collaboration skills.

What we offer

• Hybrid working model with flexible hours.
• Performance-based bonuses and a competitive salary.
• Preferential banking terms, wellness programme, childcare support and employee family services.
• Gym membership, meal subsidy, parking and shuttle service.