Santander

Associate - Private Credit Insurance – PDM | SCIB

London Full time
Associate - Private Credit Insurance – PDM | SCIB

Country: United Kingdom

Join our community.

Santander Corporate & Investment Banking (SCIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customised services and value-added wholesale products to best meet their needs.

The Private Debt Mobilization (PDM) team ensures the capital generation for the Group via distribution of assets. This is achieved through an Originate to Share model encompassing the various private-side distribution and structuring teams for Santander’s corporate and institutional businesses (including loan syndicate, structured sales, repackaging, credit insurance, etc.), managing private debt distribution risk and offering bespoke distribution alternatives. In addition, PDM manages the rotation of Santander CIB’s portfolio to increase its profitability and reduce its capital usage.


The Private Credit Insurance team is responsible for the credit insurance product within the bank, distributing the bank’s assets to the insurance market for capital optimisation and limit relief purposes. The team manage the bank’s relationships with the insurance companies and brokers and serve as the conduit between origination and the private credit insurance market.

The difference you’ll make:

  • Supporting all stages of a transaction’s life cycle, from origination, structuring and executing of the private credit insurance product

  • Working closely with internal teams, brokers and insurance companies to close transactions in a timely manner

  • Collaborating with internal stakeholders to ensure compliance with necessary governance and operational requirements.

  • Monitor ongoing transactions with the help of the Middle Office teams

What you’ll bring:

These are the essential requirements you need to be successful in this role:

  • Previous experience in the Private Credit Insurance market

  • Knowledge of Global Banking and Global Transactional Banking products

  • Proficient with Excel and PowerPoint

  • Excellent communication and organisational skills

  • Demonstrable ability to take initiative and propose solutions

  • High degree of commitment in a very demanding environment

It would also be nice for you to have:

  • Additional European languages, especially Spanish

  • Bachelor’s degree or equivalent in a relevant subject (Engineering, Finance, Science, and Mathematics)

  • Postgraduate studies (MBA or equivalent)

What else you need to know:

This role is based at our offices in Triton Square, London located within easy walking distance from Warren Street and Euston.

Equal Opportunities.

Santander are an equal opportunities employer. When we talk about diversity, we don’t just want to pay lip service. Our customers come from a wide range of backgrounds, and so do our people. It’s important to us that we create an inclusive culture where everyone counts, and we particularly welcome applications from different underrepresented groups.

For more information on our commitment to equal opportunities, please visit our diversity page.

How we’ll reward you.

As well as a salary, we offer a wide range of benefits that you can choose from and tailor to your needs.  

  • Eligible for a discretionary performance-related annual bonus.

  • We put 8% of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.

  • 27 days’ holiday plus bank holidays, which increases to 28 days after 5yrs service, with the option to purchase up to 5 contractual days per year.

  • Free access to a range of digital health services, including GP.

  • Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.

  • 24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more. 

  • Company funded individual private medical insurance.

  • Voluntary healthcare benefits at discounted rates such as, dental insurance, and health assessments.

  • Share in Santander’s success by saving or investing in our share plans.

  • Support your favourite causes through charitable giving and our community partnerships.

Learn more about our benefits and family friendly policies

What to do next:-

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