Liability Management Analyst / Associate

About the role

The Liability Management Analyst / Associate will support the origination and execution of liability management mandates for Santander’s Debt Capital Markets team. Working closely with senior bankers, you will provide data‑driven advice to corporate, sponsor and sovereign clients, helping them refinance, restructure or optimise their debt portfolios.

Key responsibilities

• Support the structuring and execution of investment‑grade and high‑yield liability management transactions, including debt buybacks, tender offers, exchange offers and refinancing exercises.
• Conduct financial, industry and market analyses to identify liability management opportunities and develop tailored client recommendations.
• Prepare pitch materials and client presentations that analyse outstanding debt profiles, capital structures and market conditions.
• Build and maintain Excel‑based models to assess the financial and strategic impact of potential transactions.
• Collaborate with the Debt Capital Markets group and other internal teams to deliver comprehensive solutions.

Required profile

• Strong analytical mindset with the ability to interpret complex financial data.
• Interest in debt markets, liability management strategies and capital structure optimisation.
• Comfortable working in a fast‑paced, client‑facing environment and interacting with senior management.
• Academic background in finance, economics, or a related discipline.

Required skills

• Advanced Excel for financial modelling.