IT STARTS HERE
Santander (www.santander.com) 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.
Santander Corporate & Investment Banking (Santander CIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customized services and value-added wholesale products to best meet their needs.
Within Santander CIB, the Equity Capital Markets (ECM) team advises clients on the structuring, positioning and execution of equity and equity-linked transactions, combining capital markets intelligence with strong execution capabilities.
THE DIFFERENCE YOU MAKE
SCIB – EQUITY CAPITAL MARKETS is looking for an ECM Junior Associate based out of Madrid.
As an ECM Junior Associate, you will play a central role in the origination and execution of equity and equity-linked transactions, taking ownership of key workstreams and acting as a critical link between clients, internal teams and external advisors.
You will be actively involved in IPOs, rights issues, accelerated bookbuilds (ABBs), block trades, convertible bonds and public takeover advisory mandates.
This role requires strong technical expertise, capital markets judgment, execution discipline and the ability to operate effectively in fast-paced, high-visibility situations.
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:
Transaction Execution Leadership
Lead day-to-day execution of equity and equity-linked transactions
Take ownership of specific workstreams, ensuring timely and high-quality delivery
Coordinate drafting sessions (prospectus, offering circulars, investor presentations, announcements)
Manage transaction timetables and ensure alignment across legal, auditors, client management and internal teams
Supervise analysts and review financial models, valuation outputs and marketing materials
Actively participate in structuring discussions and pricing strategy
Capital Markets & Investor Insight
Conduct in-depth market analysis, including sector performance, valuation trends and window assessment
Contribute to equity story positioning and investor targeting strategy
Participate in pilot fishing, wall-crossing processes and investor education
Work closely with Equity Syndicate and Equity Sales to assess demand, orderbook dynamics and pricing considerations
Develop a strong understanding of investor behavior and bookbuilding mechanics
Financial & Valuation Expertise
Build and review advanced financial models, including:
DCF and trading comparables
Discount to TERP analysis (rights issues)
EPS accretion/dilution modelling
Free float and liquidity analysis
Index inclusion impact
Convertible bond valuation basics
Perform comparative analysis across peers and market transactions
Support pricing decisions through sensitivity and scenario analysis
Origination & Commercial Support
Support senior bankers in developing strategic capital markets ideas
Prepare high-quality pitch materials and sector updates
Monitor ECM activity and pipeline across sectors
Identify emerging opportunities and market themes
Contribute to strengthening client relationships and franchise positioning
Risk & Governance
Prepare internal committee materials (risk, underwriting, capital allocation)
Assess transaction risk profile and capital implications
Contribute to internal budgeting and revenue tracking
Ensure strict compliance with regulatory and internal control frameworks
WHAT YOU’LL BRING
Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organization. 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
Minimum 3–5 years of experience in Investment Banking (Corporate finance preferred)
Minimum 3–5 years of experience in Equity Capital Markets or M&A.
Minimum 3–5 years of experience in Equity Research, Asset Management or related capital markets roles
Demonstrated involvement in live equity or equity-linked transactions
Education
Bachelor’s degree in Business, Economics, Finance, Engineering or related discipline with strong academic performance
Master’s degree in Finance or equivalent (Preferred)
CFA, ACA or similar professional qualification (Preferred)
Languages
Excellent written and verbal communication skills in English and Spanish (Required)
Hard Skills
Strong financial modelling and valuation capabilities
Deep understanding of equity markets and transaction mechanics
Advanced Excel and PowerPoint skills
Proficiency in Bloomberg, Refinitiv, Dealogic and broker research
Strong interest in capital markets and equity products
Soft Skills
Technical & Analytical skills.
Execution & Project Management
Ability to manage multiple stakeholders and parallel workstreams
Strong attention to detail and commitment to excellence
Proven ability to perform under pressure and tight deadlines
Strong team-oriented mindset
High intellectual curiosity and commercial mindset
Proactive, accountable and solutions-oriented
Comfortable operating in high-visibility, time-sensitive situations
Sound judgment on market timing and transaction positioning
WE VALUE YOUR IMPACT
Your contribution matters, and it’s recognized. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver. But we know rewards go beyond numbers.
We’re enable our teams to go beyond through global opportunities and broad career paths.
Learning for life. Access hundreds of courses on our platforms, including exclusive access to our global learning space: Santander Open Academy (www.santanderopenacademy.com)
Competitive rewards. Receive a highly competitive salary with performance-based bonuses, motivating you to keep growing with us.
Financial advantages. Benefit from preferential banking terms, special interest rates on loans, life insurance, and more.
Your health is our priority. Through BeHealthy, our global wellness programme, we promote Holistic wellbeing.
We know family is everything. That’s why we offer childcare support and family-friendly programmes tailored to each life stage.
Always by your side. Get access to Santander Contigo, our program for employees and their families offering legal, emotional, and administrative advisory services.
Extra benefits. Gym/WellHub membership, medical centers in some of our facilities, meal subsidy, parking, shuttle service from various points in Madrid, as well as exclusive discounts and offers for Santander employees. And that’s only the beginning—we’ll tell you more when you join!
We’re here to keep you motivated, help you reach your goals, and celebrate your progress, every step of the way.
LOCAL COMPLIANCE
Santander is proud of being an organization where there are equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation. We are committed to providing an inclusive and accessible application process for all candidates.
WHAT TO DO NEXT
If this sounds like a role you are interested in, then please apply.
READY TO TAKE THE NEXT STEP IN YOUR JOURNEY?