Job Description

Economic Research & Business Intelligence Sr. Analyst

Country: Spain

IT STARTS HERE

Santander (www.santander.com) 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 Economic Research Area is institutionally responsible for preparing and coordinating all macroeconomic forecasts for Santander Bank for the Group’s main forums and Committees. It also conducts macroeconomic and macro-financial analysis of the Group’s key countries and business units, while advising Senior Management on the economic scenarios relevant to strategic decision-making

Within the department, the Latin America area coordinates the macroeconomic analysis of the countries where Santander has a presence in the region and integrates local perspectives into a coherent regional view connected to the Group’s global economic outlook. It also participates in the design and preparation of the macroeconomic scenarios used in planning processes and stress-testing exercises, in close collaboration with the local Economic Research teams and the relevant corporate areas.

THE DIFFERENCE YOU MAKE

The Economic Research Area is looking for a Head of Economic Analysis for Latin America based out of Madrid.

We are looking for a senior or semi-senior macroeconomist with coordination capabilities, sound analytical judgment and an independent, well-founded economic view, capable of integrating perspectives from different countries and contributing to the development of the regional view of Latin America and its connection to the Group’s global economic outlook. The candidate should combine strong hard skills (economic analysis, proficiency in econometric software and, preferably, programming) with sound soft skills (teamwork, negotiation and public speaking).

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:

• Coordinate the macroeconomic analysis of Latin America, integrating the perspectives of local economic teams into a coherent and consistent regional view connected to the Group’s global economic outlook.
• Develop and update an independent, well-founded economic view of Latin America, identifying the region’s main trends, risks and opportunities.
• Participate in the design, preparation and monitoring of the macroeconomic scenarios used in the Group’s planning, budgeting and stress-testing processes, in collaboration with the local Economic Research teams and contributing independent judgment to the definition and challenge of the scenarios.
• Analyze economic, financial and political developments in the region’s main countries, assessing their implications for Santander.
• Ensure the consistency and quality of the economic forecasts, scenarios and narratives developed for the different Latin American countries, challenging their assumptions when necessary.
• Act as a coordination point between the region’s Economic Research teams and the relevant corporate areas, facilitating the integration of the regional and global views.
• Prepare reports, presentations and briefings to support the head of the area in interactions with senior management and corporate committees, as well as the planning and risk areas, translating complex economic issues into clear and relevant messages.
• Contribute to cross-functional projects related to planning, risk management and macroeconomic analysis, providing the Latin American economic perspective.
• Drive continuous improvement in the methodologies, tools and processes used for economic analysis and scenario development.
• Promote the responsible and efficient use of artificial intelligence, automation and data analysis tools to enhance productivity and the quality of analytical work.
• Contribute to the development of other team members through knowledge transfer, guidance and review of their work.
• Represent Banco Santander at various forums and events on Latin America.

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

• Solid experience in macroeconomic analysis, economic forecasting, scenario design and coordination, or macro-financial risk assessment. (Required)
• Experience in preparing, challenging and defending macroeconomic forecasts and economic scenarios. (Required)
• Experience coordinating projects or work involving multiple stakeholders, teams and geographies. (Required)
• Experience preferably gained in economic research departments, financial institutions, central banks, international organizations, research centers or universities. (Required)
• Knowledge of Latin American economies and the main risks and trends affecting the region. (Preferred)

Education

• Bachelor’s degree in Economics or related disciplines. (Required)
• Postgraduate education, Master’s degree or PhD in Economics, Econometrics, Finance, Statistics or related fields. (Preferred)

Languages

• High level of spoken and written Spanish and English. (Required)
• Knowledge of Portuguese. (Preferred)

Hard Skills

• Strong knowledge of macroeconomics, international economics and emerging markets. (Required)
• Strong knowledge of econometrics and quantitative methods applied to forecasting, modeling and macroeconomic analysis. (Required)
• Experience in applied economic analysis, forecasting and scenario development. (Required)
• Proficiency in programming and data analysis tools such as Python, R, Matlab or Stata. (Preferred)
• Familiarity with generative artificial intelligence and automation tools applied to economic analysis and information processing. (Preferred)

Soft Skills

• Analytical ability and judgment to develop evidence-based conclusions.
• Ability to synthesize information and communicate complex economic messages to different types of audiences.
• Global perspective and ability to integrate analyses from different countries into a coherent regional narrative.
• Excellent written and oral communication skills.
• Ability to work independently and collaboratively in international and multidisciplinary environments.
• Ability to coordinate and manage stakeholders, with a results-oriented approach, initiative and appropriate prioritization.
• Intellectual curiosity and interest in methodological innovation and new technologies applied to economic analysis.
• Rigorous and responsible approach to identifying and communicating macroeconomic risks.