It Starts Here:

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and 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.

If you are interested in exploring the possibilities We Want to Talk to You!

The Difference You Make:
The Agency CMBS Associate is a front-office role within the CIB Markets group supporting the trading, risk management, and client activities of the Agency CMBS desk. The Associate will partner with senior traders and sales professionals to price and execute transactions, analyze relative value and security structures, monitor positions and risk, and provide timely market color and trade ideas. The role collaborates closely with Research, Operations, Risk, Finance, Legal, and Compliance

• Supports trading and market-making in Agency CMBS and related securitized products in primary and secondary markets.
• Prices securities and responds to client inquiries; supports trade execution within approved limits.
• Develops relative-value views using spread, cash-flow, collateral, prepayment, extension, liquidity, and technical analysis.
• Analyzes Agency CMBS structures, collateral, and cash flows across agency multifamily and commercial mortgage programs.
• Monitors positions, inventory, profit and loss, market risk, liquidity, and hedge effectiveness.
• Assists in developing and executing hedging strategies using appropriate rates and spread products.
• Partners with Sales to provide market color, axes, portfolio analysis, and actionable client ideas.
• Tracks new issuance, investor demand, dealer positioning, agency-program developments, and broader rates-market trends.
• Maintains accurate marks, trade bookings, and position data; resolves breaks, fails, and settlement issues.
• Builds and improves analytical models, dashboards, and workflow tools in Excel and other approved platforms.
• Contributes to desk projects, process improvements, product development, and junior team development.

What You Bring:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education:

• Bachelor’s Degree: in Finance, Economics, Mathematics, Engineering, Computer Science, or a related field, or equivalent demonstrated through a combination of work experience, training, military service, or education - Required.

Qualifications:

• 2+ Years of relevant Sales & Trading experience; Agency CMBS or securitized-products experience preferred.
• Highly motivated with a drive to succeed.
• Strong quantitative and qualitative skills.
• Ability to be flexible, adapt to changing priorities and prioritize deadlines.
• Advanced in Microsoft Office applications (Word, Excel) with ability to learn new software(s). Modeling skills preferred.
• Proven ability work collaboratively in a team environment.
• Ability to work under pressure.
• Strong verbal and written communication skills, organizational skills and project management skills.

Certifications:

• FINRA SIE and applicable registrations, including Series 7 and 63 as applicable, must be obtained within firm-established timeframes

It Would Be Nice For You To Have:

• Familiarity with Freddie Mac K-Series, Fannie Mae DUS, Ginnie Mae project-loan securities, or comparable agency multifamily products.
• Experience with Bloomberg, Intex, Yield Book, or comparable analytics tools.
• Experience with Python, SQL, VBA, or other workflow-automation tools.

Work Authorization & Sponsorship:
Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

What Else You Need To Know:

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range:

Minimum:

We Value Your Impact:

Your contribution matters and it’s recognized.  You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers.  Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com) 

Risk Culture:

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement:

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions:

Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

Employer Rights:

This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.

What To Do Next:

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

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at [email protected] to discuss your needs.