SCUK Finance Assistant - Securitisation

WHAT YOU WILL BE DOING

Santander Consumer Finance UK (SCUK) is based in Redhill, Surrey and provides motor finance to a network of dealerships throughout the United Kingdom.

We are currently looking for a Finance Assistant to join the Securitisation Team where this role will assist the business in managing the planning, execution, governance, and internal controls necessary to run both SRT and Funding strategies.

Please note this is a hybrid role and at least 2 days a week are required in the Redhill office, we will not accept any remote applications.

Responsibilities will include:

• Providing documentation for the quarterly Credit Event Verification process for Securitisation transactions and liaising with external auditors to ensure that the loss balance claimed is accurate and can be verified against source systems
• Running a Monte Carlo model to calculate potential losses for existing and future Significant Risk Transfer (SRT) securitisations
• Calculation of the monthly coupon payments to be made to investors in live SRT transactions and delivering payment instructions in an accurate and timely manner each month
• Preparation of Powerpoint slides for Internal/External stakeholders
• Analysis of the investor reports and data from public Securitisations from the wider market
• Preparing invoices for payment for each active securitisation transaction and ensuring payments are made
• Verifying swap payments made for collateral calls after verifying margin calls are correct
• Assisting with ad hoc queries for all active and future transactions
• Using models to develop an understanding how the outputs can be used in the analysis for SRTs and Stress Testing
• Assisting the monthly BAU regulatory reporting processes that ensures SCUK meets its regulatory requirements
• Providing support to the Senior Securitisation Analyst and wider Securitisation and Finance teams

What we’re looking for:

• Strong numeracy and mathematical literacy evidenced by education or work experience
• Demonstrable advanced excel skills (VBA/C# skills are a strong preference)
• Knowledge of Securitisation Regulation
• Strong knowledge of other Microsoft office applications such as Word and PowerPoint
• Excellent communication skills and the ability to present to both internal and external stakeholders across all levels of the business
• Knowledge of Accounting & Risk (IFRS9/IRB) would be useful attributes
• Knowledge (or interest in) of Capital Requirements Regulation (CRR)
• Keen interest in financial markets
• High attention to detail

We have a range of benefits available which include:

• Competitive salary of £28 - 30,000 per annum dependant on experience
• 25 days holiday per annum, plus bank holidays
• Annual bonus based on personal and company performance
• £500 flexible benefit allowance
• Generous pension contributions
• Employee assistant programme
• Enhanced family friendly policies
• Sharesave scheme
• Discounts on high street brands
• Local retail discounts

Equal Opportunities

Santander Consumer Finance are an equal opportunities employer. Our customers come from a wide range of backgrounds, and so do our people. By reflecting and celebrating diversity in our workforce, we’ve created an inclusive culture, which adds real value to our business.

When we talk about diversity, we’re not just paying lip service. It’s too important. Everyone here is selected, promoted, and treated on their aptitude and skills to do the job, irrespective of their gender, age, disability, race, religion & belief, or sexual orientation. It’s a culture where everyone counts, in which the diverse range of backgrounds and perspectives makes us stronger and helps us retain talented people and develop them to their full potential.

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.