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Country: United Kingdom
Join our community:
As part of the Economic Analysis (EA) team you will be at the forefront of any exercise undertaken at the bank. All exercises including IFRS 9, stress testing, and planning start with the macro-economic and retail financial market forecasts. You will be responsible for providing economic analysis, forecasts and commentary on the UK economy for Senior Management, assisting them in their decision making process and ensuring that we are helping customers to make their better happen.
Each member of the team is responsible for particular areas of the macro-economic and retail financial market forecasts. This gives you the opportunity to develop your skills and demonstrate your knowledge in these areas both internally and externally. You will be part of a team that is always looking for improvements – both analytical and practical to ensure that we provide the best service possible to our customers.
The difference you’ll make:
As part of the EA team you will contribute to providing economic and market analysis which helps support the management of the balance sheet, the company’s participation in retail and corporate banking markets and the management of risk. In EA we help inform strategy, market size and share market views. We work closely with Economists across the Global bank and particularly in Madrid support them with the Group’s external communications and planning. The team also represent Santander through external publications and presentations.
The most important day-to-day activities include:
- Providing macroeconomic and retail financial market forecasts of the UK economy for Planning and Stress Testing purposes including IFRS 9 and Climate to teams in San UK;
- Supporting with the preparation of presentations for Asset & Liability Committee (ALCO), Board and other internal meetings;
- Preparing monthly information packs on macro-economic and retail financial market data including reports for CCB for publication;
- Assisting senior management and teams with requests for economic information, insight and analysis and preparing comms on this;
- Looking for and analysing economic trends including in specific areas of responsibility;
- Developing econometric models to aid understanding and provide further insight.
What you’ll bring:
- An upper second degree level in Economics
- Proven experience of between 3-5 years in applying economic analysis with knowledge of the UK economy and of UK retail financial markets (eg housing market)
- Excellent analytical skills, especially in statistics and econometrics
- Excellent verbal and written communication skills
It would also be nice for you to have:
- Experience of working with macroeconomic models
- Experience in using applied econometrics in a business setting
- Experience of presenting to senior stakeholders or to external stakeholders
What else you need to know:
- This role is based in London
- We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop. To support this, we offer site-based contracts with a hybrid working pattern and our expected level of attendance in an office is at least 12 days per month (pro-rata for part-time roles).
- If you apply for this role in this location, it’s important you consider your travelling distance, time and cost from your home to the office location.
- We’re happy to discuss specific working patterns and arrangement within this hybrid approach during the recruitment process.
Inclusion
At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.
How we’ll reward you:
As well as a competitive salary, you’ll enjoy a benefits package that you can 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.
- 30 days’ holiday plus bank holidays, which increases to 31 days after 5yrs service, with the option to purchase up to 5 contractual days per year.
- £6,000 car allowance per year.
- Company funded individual private medical insurance.
- Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, and health assessments.
- 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.
- Share in Santander’s success by saving or investing in our share plans.
- As a Santander UK employee, you are able to request staff versions of our products like our Edge Current Accounts and Credit Cards with no fees, as well as apply to many other deals and discounts in Santander products and services
Benefits
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.
If there’s anything we can do in the recruitment process to help you achieve your best, get in touch. Whether it’s a copy of our application form in another format or additional assistance, we’re available through email. You can contact us at
[email protected].
