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OpenMarket & Embedded Finance Manager

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Santander

24d ago

  • Job
    Full-time
    Expert Level
  • Business, Operations & Strategy
    Banking & Finance
  • Madrid

AI generated summary

  • You need a relevant degree, 10 years of experience in banking or fintech, expertise in embedded banking, consumer finance, credit risk, and project management, plus strong communication skills with executives.
  • You will define strategies, develop business plans, lead product initiatives, manage partnerships, ensure compliance, and foster internal collaboration while monitoring risk management.

Requirements

  • Bachelor's degree in Finance, Economics, Business Administration or Engineering. MBA is a plus.
  • 10 years of experience in banking, financial products, consumer finance, or new business creation.
  • Experience with embedded banking products within a fintech- or financial services environment domain. Launched and scaled products in the Banking as a Service space with quantifiable value.
  • Experience in fictech environment.
  • Experience in consumer finance.
  • Experience in credit risk.
  • Familiar with the latest trends in the Banking as a Services space.
  • Experience of engagement with senior management (e.g., C-Level) both internal and external. Track record of presenting to executive level, and Board level audiences, expert in written and verbal communication – reaching and captivating people at all levels.
  • Track record of strategic project management, tactics and ability to plan, organize, monitor, and control projects.
  • Exposure to innovation related implementations or demonstrable knowledge of the latest industry trends and technologies (api’s, cloud, agile, …).

Responsibilities

  • Strategy Definition: developing a clear vision on openmarket and its role in meeting business objectives and compliance obligations, identify the right embedded finance strategy, partnership model and go-to-market approach.
  • Internal awareness: Process and communication mechanisms to evangelize and collaborate around Openmarket and Embedded finance opportunities in the bank.
  • Business planning: Developing business plans and financial models, setting, and tracking key performance indicators (KPIs) to measure the success and make data-driven decisions. Create a comprehensive plan outlining the goals, objectives, strategies, and financial projections for every new venture in this stage and quarterly business review the evolution of the portfolio to reinforce, pivot or stop. Also, assure your P&L is properly integrated and monitored in the common bank processes with CdG. Exponential growth expected as a whole and individually.
  • Product development, execute iteratively: leading the development and launch of the new initiative’s portfolio.
  • Partnerships: developing and managing relationships with partner organizations to integrate banking services into their products or platforms. Negotiating agreements and contracts, ensuring compliance with relevant regulations and policies.
  • Networking: Building and maintaining relationships with internal stakeholders (business, products and channels managers, risk, T&O, …), advisors, and other industry professionals to leverage their knowledge, experience, and connections.
  • Assuring risk management and control follow Santander standards: You will need to create a collaborative framework with control areas to adapt bank standards and extend procedures to suit these new activities. A proper governance with Legal, Risk, Compliance, Aquanima,Control teams… is expected per new business.

FAQs

What is the job title for this position?

The job title is OpenMarket & Embedded Finance Manager.

Where is this position based?

This position is based in Madrid, Spain.

What will be the primary focus of the OpenMarket & Embedded Finance Manager?

The primary focus will be to expand Santander's addressable market by developing new business lines and customer propositions, leveraging the bank's products and assets.

What qualifications are required for this job?

A Bachelor's degree in Finance, Economics, Business Administration, or Engineering is required, with an MBA being a plus.

How much experience is needed for applicants?

Applicants need a minimum of 10 years of experience in banking, financial products, consumer finance, or new business creation.

Is knowledge of embedded banking products necessary?

Yes, experience with embedded banking products, particularly within a fintech or financial services environment, is necessary.

What specific skills are important for this role?

Important skills include strategic thinking, problem-solving, stakeholder relations, influencing, negotiation, and cross-functional collaboration.

Do applicants need to communicate in Spanish?

Yes, proficiency in Spanish is required for this position.

Is experience with credit risk relevant for this job?

Yes, experience in credit risk is relevant and considered valuable for this role.

What kind of work culture can one expect at Santander?

Santander embraces a strong risk culture and values equal opportunities regardless of age, gender, disability, civil status, race, religion, or sexual orientation.

Will the OpenMarket & Embedded Finance Manager have to work with internal stakeholders?

Yes, the role requires building and maintaining relationships with various internal stakeholders as well as external partners.

Will the OpenMarket & Embedded Finance Manager have responsibilities in risk management?

Yes, ensuring risk management and control are aligned with Santander's standards is a key responsibility of this role.

What does the company expect in terms of business planning and performance measurement?

The company expects the manager to develop business plans and financial models, set and track key performance indicators (KPIs), and make data-driven decisions regarding the success of new ventures.

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Santander

Here to help you prosper

Finance
Industry
10,001+
Employees
1857
Founded Year

Mission & Purpose

Santander is a leading global bank, founded in 1857 and headquartered in Spain, and is one of the largest banks in the world by market capitalisation. It provides a wide range of financial products and services, including personal and corporate banking, wealth management, and insurance. With a strong presence in Europe, Latin America, North America, and Asia, Santander's mission is to help people and businesses prosper by offering customer-centric solutions. Its purpose is to support growth and innovation while fostering responsible banking practices to benefit individuals, businesses, and communities.