ECM Analyst II – Madrid, Santander Corporate & Investment Banking (CIB).
Responsibilities
Lead day‐to‐day execution of equity and equity‐linked transactions.
Take ownership of specific workstreams, ensuring timely and high‐quality delivery.
Coordinate drafting sessions for prospectuses, offering circulars, investor presentations, and announcements.
Manage transaction timetables and ensure alignment across legal, auditors, client management, and internal teams.
Supervise analysts and review financial models, valuation outputs, and marketing materials.
Actively participate in structuring discussions and pricing strategy.
Conduct in‐depth market analysis, including sector performance, valuation trends, and window assessment.
Contribute to equity story positioning and investor targeting strategy.
Participate in pilot fishing, wall‐crossing processes, and investor education.
Work closely with Equity Syndicate and Equity Sales to assess demand, order‐book dynamics, and pricing considerations.
Develop a strong understanding of investor behavior and book‐building mechanics.




Build and review advanced financial models (DCF, trading comparables, discount to TERP, EPS accretion/dilution, free float, index inclusion, convertible bond valuation).
Perform comparative analysis across peers and market transactions and support pricing decisions through sensitivity and scenario analysis.
Support senior bankers in developing strategic capital markets ideas and prepare high‐quality pitch materials and sector updates.
Monitor ECM activity and pipeline across sectors, identify emerging opportunities and market themes, and contribute to strengthening client relationships and franchise positioning.
Prepare internal committee materials (risk, underwriting, capital allocation) and assess transaction risk profile and capital implications.
Contribute to internal budgeting and revenue tracking and ensure strict compliance with regulatory and internal control frameworks.
Qualifications
Minimum 2–

📌 ECM M&A Analyst (Madrid)
🏢 Santander
📍 Madrid