Santander Hiring for SCUK Finance Intern Job at Redhill, South West England, England Full Time

Redhill, United Kingdom

WHAT YOU WILL BE DOING

Why apply for this role?

An opportunity has arisen for an intern to work within SCUK’s Finance team, specifically the Securitisation team, the role will support the Securitisation Team during the period of May – September 2022.

At Santander, we each take personal responsibility for managing risk by embracing the I AM Risk framework – to Identify, Assess, Manage and Report risks, and to continuously build a deeper understanding of the risks we face. It is an important part of our culture at Santander and we will provide you with knowledge to help you manage risks in your role.

What you’ll be doing

• Assist in the preparation of documents for internal committees in relation to on-going Securitisation projects.

• Prepare monthly payments to be made to investors and the calculation of accruals rates on debt instruments (SONIA rate).

• Provide documentation for Credit Event Verifications, preparing all documentation and liaising with external auditors to ensure that the losses claimed on risk transfer transactions are accurate and can be verified against source systems.

• Run risk model to predict expected and unexpected losses for each transactions in relation to the on-going monitoring of existing risk transfer securitisations and future SRT transactions.

• Prepare templates for regulatory Capital Reporting. This includes preparing and providing inputs into monthly regulatory templates, quarterly and half yearly Corep templates and quarterly ESMA templates.

• Rudimentary review of legal documents for accuracy of data related to SCUK

• Evaluate trends within the auto market and benchmarking against SCUK securitisations with respect to default rates, hand back rates and VT rates of other UK issuers.

What we’re looking for

• Studying Maths, Accounting, Physics or Economics or other numerate discipline

• At least one A Level in Maths, Chemistry, Economics or Physics

• High attention to detail and good communication skills.

• Interested in the finance sector, specifically Banking & Consumer Finance

• Ability to work with large amounts of data and identify data errors/anomalies

• Strong knowledge of Microsoft office such as Excel, Word and PowerPoint.

• Knowledge of R, Python, SAS or C# would be useful, but not essential

• Able to travel (UK) occasionally as required during period of internship

• Some occasional late working will be required

What we offer

We have a range of benefits available which include:

• Eligible for a discretionary performance related quarterly bonus

• 30 days holiday per annum, plus bank holidays.

• Pension with generous contributions of up to 12.5% from Santander Consumer, depending on your own contribution and based on your service.

• Voluntary healthcare benefits at discounted rates such as private medical insurance for family, dental insurance, health care cash plan and health assessments

• Eligible for a voluntary benefits allowance of £500 per annum payable as cash or otherwise used as a benefit available on the Santander benefit suite

• Benefits supporting you and the family, such as death in service befit, income protection and critical illness cover

• Employee assistant programme

• Enhanced family friendly policies

• Sharesave scheme

• Childcare vouchers

Discounts on high street brands and local retail discounts

Other things you need to know

Your hours of work will be 35 hours a week across Monday to Friday 9am – 5pm

You will be required to work full time in the office until you have passed probation and then 2 to 3 days a week depending on your line manager.

What are the next steps

If you are interested in this role and believe you have the skills, experience, and knowledge then we’d love to hear from you. Please go ahead and click apply which will take you through some questions and allow you to submit your CV and covering letter. If you have any questions, please don’t hesitate to ask us at: [email protected]

WHAT WE ARE LOOKING FOR

EXPERIENCE

EDUCATION

COMPETENCIES

Accounting (Working Knowledge), Accuracy and Attention to Detail (Working Knowledge), Analytical Thinking (Working Knowledge), Customer Focus (Working Knowledge), Data Gathering and Reporting (Working Knowledge), Finance and Accounting (Working Knowledge), Internal Controls (Working Knowledge), Operations – Back Office (Working Knowledge), Problem Solving (Working Knowledge), Regulatory Environment – Financial Services (Working Knowledge)