Corporate & Investment Banking Trade Receivable Securitization Associate

Corporate & Investment Banking Trade Receivable Securitization Associate

Country: United States of America

It Starts Here:

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and 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.

If you are interested in exploring the possibilities We Want to Talk to You!

The Difference You Make:

Role Description:

• Structuring, pricing, and execution of trade receivable securitization transactions for Corporate and Investment Banking clients of Santander US.

• Act as advisor, consultant, and first point of contact for clients exploring methods to optimize their working capital through receivables solutions to meet their financing needs.

• Engage in the legal documentation negotiation of new and existing transactions in the receivable portfolio.

• Lead the internal approval process with the risk, middle office and other support areas.

• Engage with bankers, other products and areas to support the prospecting of new business origination and maintenance of existing book of transactions.

Key responsibilities:

• Contribute to the development of the Santander’s CIB receivable monetization capabilities.

• Grow business through developing new relationships and by maintaining and enhancing existing revenue streams.

• Coordinate stakeholders both internal (CDD, Compliance, Risks, Legal, IT, Compliance, Operations, etc.) and external (Legal firms, Insurers, brokers, etc.) to provide a best-in-class service and seamless end to end execution including client onboarding and due diligences process. 

• Ensure understanding of the Bank’s operating practices and governance and ensure these are followed in line with the guidelines. 

• Provide pricing / market intelligence to transactions, ensuring deal profitability is in line with the Bank’s capital models and presenting the transactions to the relevant committees, where applicable.  

• Perform first line of defense role for the bank across all risks: Financial / Credit, Legal, Reputational, Regulatory, Compliance, etc. 

• Reporting to senior management regarding the progress of the commercial agenda.

What You Bring:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Required Knowledge, Experience and Qualifications:

• Expertise with trade securitization, and the corresponding S&P methodologies.

• Experience with the legal execution and design of receivables purchase agreements and/or other legal documentation; to facilitate the sale, perfection, or financing of receivables and/or other assets.

• Understanding of the Uniform Commercial Code in the US and legal perfection in a variety of geographies.

• Familiarity with both EU and US banking regulation, particularly as it relates to corporate and securitization exposures and risk-weighted asset calculations.

• Knowledge of credit risk evaluation techniques for both corporates and securitizations.

• Significant financial statement and analysis knowledge (working capital cycle, cash flow forecasting, financial statement analysis, modelling etc.).

• Ability to explain IFRS and US-GAAP sale accounting.

• Basic understanding of common statistical concepts and modeling techniques such as normal distributions, monte carlo simulation, and linear regression.

• High motivation, proactivity, and accomplished business origination skills.

• 3+ years of experience in Structured Finance products or Receivable Finance with a minimum of 1 year in each.

• High level of presentation and organizational skills.

• Understanding the competitive market and the role of technology within Trade Finance.

• Capability to develop relationships inside the organization to collaborate across geographical boundaries.  

• Bachelor’s degree, or equivalent

• English language proficiency.