Descripción de la oferta
Overview
Risk & Actuarial Senior Analyst – Country: Spain
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 a chance for driven professionals to grow, learn, and make a real difference. Our mission is to help more people and businesses prosper. We embrace a strong risk culture and expect proactive and responsible risk management at all levels.
The Wealth Management & Insurance division covers Insurance, Asset Management and Private Banking. We work to provide the best solutions to our clients in these three businesses in the 10 countries where we are present.
THE DIFFERENCE YOU MAKE
Wealth Management & Insurance division is looking for a Risk & Actuarial Senior Analyst. Santander Insurance is a diversified insurance holding company with operations across life, health, and property & casualty segments. Our mission is to deliver sustainable value to our policyholders and shareholders through integrity, governance, and prudent risk management. As we continue to grow, we seek seasoned risk & actuarial analysis to strengthen our actuarial and data capabilities.
Reporting directly to Santander Insurance Global CRO, the main responsibility for this position is to perform risk & actuarial oversight activities for Santander Insurance according to Solvency II regulatory requirements. Additionally, the successful candidate will support the department in other technical-related activities when needed.
The candidate needs to have a sound risk, actuarial and data analysis background. Interaction with other areas of the Group, local insurance teams and our insurance partners (joint ventures with several insurance companies) is required.
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:
Responsibilities
Assist in the calculation, consolidation, and review of technical provisions in line with Solvency II requirements, contributing to the validation of methodologies, assumptions, and actuarial models applied.
Analyze the consistency of technical provisions with Solvency Capital Requirement (SCR) and Minimum Capital Requirement (MCR).
Collaborate with the Risk and Capital teams to ensure alignment between technical provisions and capital requirements (SCR and MCR).
Provide input to the Group ORSA process, including scenario analysis, stress testing, and projection of solvency positions.
Contribute to the assessment of emerging risks and their potential impact on the group’s solvency position.
Contribute to reports for regulatory authorities and internal governance bodies.
Support data management projects within the department (KRI/KPI dashboards, data analytics, Artificial Intelligence projects, etc.).
Collaborate on risk management initiatives (operational, market, credit, …).
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
At least 5 years of professional experience in actuarial, risk management, or audit within the insurance industry or consulting. (Required)
Education
Bachelor’s or master’s degree in actuarial science, Mathematics, Statistics, Economics, or related field (Required)
Advanced actuarial or financial qualifications (Preferred)
Languages
English (Required)
Hard Skills
Strong knowledge of Solvency II framework (Pillars I, II, and III).
Proficiency in actuarial modeling and statistical techniques.
Experience with actuarial tools and programming languages (R, Python, SAS, Prophet, etc.).
Strong data management skills (Microsoft Power BI, Google Data Analytics, SQL certifications, etc.)
Soft Skills
Strong analytical and problem-solving skills.
High attention to detail and accuracy.
Ability to communicate complex topics clearly to both technical and non-technical stakeholders.
Commitment to regulatory compliance and continuous improvement.
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 rewards go beyond numbers.
We enable our teams to go beyond through global opportunities and broad career paths.
Flexibility that works. Hybrid working models—some days remote, some days onsite with your team—along with flexible hours.
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. High salary with performance-based bonuses.
Financial advantages. Preferential banking terms, special interest rates on loans, life insurance, and more.
Your health is our priority. BeHealthy wellness programme and holistic wellbeing.
Family-friendly programs and childcare support tailored to life stages.
Always by your side. Santander Contigo for legal, emotional, and administrative advisory services.
Extra benefits. Gym/WellHub membership, medical centers in some facilities, meal subsidy, parking, shuttle service, and exclusive discounts for Santander employees.
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 with 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?
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