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Actuarial Analyst

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 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.

The Wealth Management & Insurance division is looking for an Acturial Analyst.

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:

• 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.
• Ensure quality, accuracy, and traceability of actuarial data and processes.
• Support the issuance of actuarial opinions on the underwriting and reinsurance programs.
• 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 actuarial 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 actuarial 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, etc.)

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 actuarial 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 we know rewards go beyond numbers.
• Enable our teams to go beyond through global opportunities and broad career paths.
• Flexibility that works. Enjoy a hybrid working model—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.
• 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.
• 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.

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.

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

Ready to take the next step in your journey?