## ECM M&A; AnalystCandidatar-selocations: Madridtime type: Tempo Integralposted on: Publicado hojejob requisition id: Req ECM M&A; AnalystCountry: EspanhaIT STARTS HERESantander ( 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.Santander Corporate & Investment Banking (Santander CIB) is Santander's integral division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customized services and value-added wholesale products to best meet their needs.THE DIFFERENCE YOU MAKECIB is looking for an ECM Analyst II based out of Madrid. You will play a central role in the origination and execution of equity and equity-linked transactions, taking ownership of key workstreams and acting as a critical link between clients, internal teams and external advisors.
You will be actively involved in IPOs, rights issues, accelerated bookbuilds (ABBs), block trades, convertible bonds and public takeover advisory mandates.
This role requires strong technical expertise, capital markets judgment, execution discipline and the ability to operate effectively in fast-paced, high-visibility situations.
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:Transaction Execution Leadership• 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 (prospectus, offering circulars, investor presentations, 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 strategyCapital Markets & Investor Insight• 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, orderbook dynamics and pricing considerations
• Develop a strong understanding of investor behavior and bookbuilding mechanicsFinancial & Valuation Expertise• Build and review advanced financial models, including:
• DCF and trading comparables
• Discount to TERP analysis (rights issues)
• EPS accretion/dilution modelling
• Free float and liquidity analysis
• Index inclusion impact




• Convertible bond valuation basics
• Perform comparative analysis across peers and market transactions
• Support pricing decisions through sensitivity and scenario analysisOrigination & Commercial Support• Support senior bankers in developing strategic capital markets ideas
• Prepare high-quality pitch materials and sector updates
• Monitor ECM activity and pipeline across sectors
• Identify emerging opportunities and market themes
• Contribute to strengthening client relationships and franchise positioningRisk & Governance• Prepare internal committee materials (risk, underwriting, capital allocation)
• Assess transaction risk profile and capital implications
• Contribute to internal budgeting and revenue tracking
• Ensure strict compliance with regulatory and internal control frameworksWHAT YOU’LL BRINGOur 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 ExperienceMinimum 2–3 years of experience in:
* Investment Banking (Corporate finance preferred) (Required)
* Equity Capital Markets (Required)
* Equity Research, Asset Management or related capital markets roles (Required)
* Demonstrated involvement in live equity or equity-linked transactions (Required)Education* Bachelor’s degree in Business, Economics, Finance, Engineering or related discipline with strong academic performance

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