Market Risk Analyst | S2 | Risk | London | Internal Mobility

Market Risk Analyst | S2 | Risk | London | Internal MobilityCountry: United Kingdom

IT STARTS HERE

Santander (www.santander.com) is evolving from a global, high-impact brand into a technology-driven organisation, and our people are at the heart of this journey. Together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible.

This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference.

Our mission is to contribute to help more people and businesses prosper. We embrace a robust risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

THE DIFFERENCE YOU MAKE

Treasury Risk & Analytics is looking for a Market Risk Analyst based out of London.

We’re looking for a Market Risk Analyst to join our team, which sits within the wider Treasury Risk & Analytics area. In this role, you will be responsible for reporting, monitoring, and control of the risks associated with the bank’s Liquid Asset Buffer positions (fixed income and derivative related products), as well as assisting with other areas covered by the team such as valuation risk and the risk to banks Defined Benefit Pension Fund.

You will be part of a multidisciplinary team, with a mixture of daily and longer timeline deliverables such as in-depth reviews and project work. We are a high-pace environment, collaborating across the team to help meet competing demands; we work with front office, finance, IT, and other areas within risk, to deliver an effective and efficient service to the business and management.

We’re 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:

• Reporting and analysing Risk and P&L, including against risk appetite limits.
• Developing the risk and P&L measurement and reporting infrastructure.
• Reviewing and enhancing controls in the reporting processes.
• Working closely with the front office and various support teams on a daily basis.
• Assisting in projects and ad-hoc analysis that aid the understanding of underlying risks.

WHAT YOU’LL BRING

Our people are our greatest strength. Every individual contributes unique perspectives that make us greater as a team and as an organisation. 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

• Good knowledge of financial products (i.e. Fixed Income, derivatives) and risk concepts (i.e. Value at Risk, NPV, Greeks). (Required).
• Good knowledge of accounting and P&L concepts, including mark-to-market valuation, realised and unrealised P&L, interest accruals, and the treatment of fair-value movements through P&L or Other Comprehensive Income (OCI). (Required).

Education

• Degree in a numerical subject (e.g. economics, finance, mathematics, statistics). (Required).
• Recognised professional certification like CFA or FRM. (Preferred).

Hard Skills

• Advanced expertise in Excel. (Required).
• Some experience of programming e.g. Excel VBA, SQL. (Preferred).
• Experience with risk systems or data tools (e.g., Murex, Bloomberg). (Preferred).

Soft Skills

• Good stakeholder management skills. (Required)
• Good communication skills, verbal and written. (Required).

WE VALUE YOUR IMPACT

At Santander, your contribution matters. We recognise the difference you make every day, and we make sure you feel valued, supported and rewarded in return.
Here, recognition goes beyond pay. It’s about the pride you feel in your work, the impact you have on customers and communities, and the opportunities you have to grow and thrive — personally and professionally.

• Competitive rewards that reflect the real impact you make and the value you bring.
• Wellbeing that goes beyond work — we work with a range of wellbeing partners across our 4 pillars of wellbeing (physical, mental, social and financial) to give you access to a suite of apps, discounted gym and fitness access, weekly online classes, flexible healthcare and mental health support.
• Support for every life stage — from menopause and pregnancy to parenthood and beyond, with enhanced family leave, childcare options and tailored wellbeing support.
• Time to give back through volunteering opportunities that let you make a difference in the communities we serve.
• Global growth opportunities to shape your career, learn new skills and explore what’s possible across our international network.

Ready to be recognised? It starts with you.

LOCAL COMPLIANCE

At Santander, we’re proud to be an inclusive organisation that provides equal opportunities for everyone — regardless of age, gender, disability, civil status, race, religion or sexual orientation.

We’re committed to creating a recruitment experience that’s accessible, fair and welcoming for all candidates.

We want our people to thrive — at work and at home — while delivering the best outcomes for our customers and supporting each other to grow.

To make this possible, our roles are site-based with a hybrid working pattern, where colleagues are expected to attend the office at least 12 days per month (pro-rata for part-time roles).

When applying, please consider the travel distance, time and cost to your chosen office location(s).

IMPORTANT INFORMATION FOR INTERNAL APPLICANTS:

PERMANENT ROLES:

• If you are currently employed by Santander UK plc on TSB Legacy terms or by TSB and choose to apply for this Santander vacancy, please be aware that, if successful, you will move onto full Santander terms and conditions of employment and will no longer be part of the TSB Legacy population with effect from the start date of your new role.

WHAT TO DO NEXT

If this sounds like a role you are interested in, then please apply.

For further Guidance please visit Internal Mobility - Candidate Guidance.

If you want to know more about the opportunity:

Please contact: Simon Stockdale -simon.stockdale@santander.co.uk

The Santander Way

Santander is evolving from a global, high-impact brand into a technology-driven organization, and our people are at the heart of this journey. Together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible.

This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference.

Our mission is to contribute to help more people and businesses prosper. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

Ready to make it happen?

It starts with you. It starts here.