{$ msg.text $}

Capital Manager

  • Application Deadline: Sept. 20, 2019
  • Lysaker
  • Application Deadline: Sept. 20, 2019
  • Lysaker


The Financial Management Department in Santander Consumer Bank, headed by the Nordic CFO, is responsible for ensuring sufficient capital, funding and liquidity for the bank. The department consists of four teams, which are all located at Lysaker in Oslo: Capital Management, Treasury & Analysis, Capital Markets and Customer Deposits.

In recent years, capital requirements for banks have increased and so has the focus on efficient use of capital, return on capital and capital contribution. The Capital Management team was established in 2016, with the aim of ensuring sufficient capital to meet regulatory requirements and capital contribution requirements by the owner. Capital Management is as such responsible for coordinating activities impacting the bank’s capital position and to understand and communicate how the bank’s business, strategy and future regulation will impact the capital position and capital structure going forward. This requires close cooperation with the finance department, risk department, legal department, the commercial departments and senior management of the bank.

The Capital Management team is now looking to replace the current Capital Manager. The position represents an opportunity to further develop and influence in a field of high and growing importance, both within the Santander Group and in the banking sector in general. The work will provide a good understanding of how the bank operates and how the banking industry is developing. The position will report to the Capital Management Director.


Capital adequacy

The Capital Management function must ensure the bank has sufficient capital relative to its risks. This involves:

  • Responsibility for the internal capital adequacy assessment process (ICAAP), including stress-test and Pillar 3 Disclosure

  • Ensure we have a good methodology for calculating economic capital (EC) and that EC is used in the management of the bank

The Capital Manager will hold the responsibility for these processes.

Capital Forecasting & Budgeting

Capital Management is responsible for coordinating the capital forecasting and budgeting process and ensure alignment of assumptions, in close cooperation with Financial Control and Risk. Capital budget will include capital contribution, capital ratios, capital return measures and dividend. The Capital Manager will contribute actively with analytical support in these processes.

Capital monitoring and capital optimization measures

Capital Management is responsible for monitoring the capital budget and initiate measures in the event capital targets and budgets are not met. Such measures can include adjustment of dividend, sale of portfolios, capital relief transactions, etc. Capital relief transactions have in recent years become our most efficient capital management tool. Capital Management must understand the structure of these transactions and how they impact capital targets. The Capital Manager will contribute actively with analytical support in these processes.

Capital considerations in the credit admission process

Financial Management (FM) is a member of the Central Credit Committee (CCC). The Capital Manager will represent FM in this committee together with the CFO.

Capital regulation

Capital Management should have the know-how of current and future capital regulation and assess how future regulation is expected to impact the bank. The Capital Manager is expected to build expertise knowledge in the area of capital regulation.


Capital Management is secretary for the Capital Committee and has to provide updates and prepare approvals for the Board of Directors. The Capital Manager will prepare necessary material and present to senior management.

Capital Tools

Capital Management has the overall responsibility for the project “Capital Tools” aimed at improving capital management of the bank and ensure efficient reporting to the regulator. The Capital Manager’s involvement will depend on skills/experience.

Work with great people

Martin Brage
VD Sverige
"Gott ledarskap för mig är att göra mitt bästa för att andra ska kunna göra sitt bästa."
Thomas Lindqvist
Head of Application Management
"När man har världens roligaste jobb så är det självklart att man vill dela med sig av det till morgondagens stjärnor."
Carolina Edgren
Agile Development Manager
"Mina största inspirationskällor på jobbet är möjligheterna att ständigt få utvecklas och att tillsammans identifiera och utveckla bra idéer för våra kunder. "
Sök idag!

Skills & Requirements


  • Analytical, structured with high work capacity
  • Engaged, self-driven and proactive
  • Strong cooperation skills and ability to manage and coordinate people and processes
  • A drive to seek new knowledge and not “give in” before you have the full understanding
  • Ability to explain complex topics in an understandable manner
  • A desire to influence the future management of the bank


  • Strong communication skills both written and oral
  • High quantitative and analytical competence
  • Advanced user of Excel
  • Fluent in written and oral English
  • Preferably fluent in a Scandinavian language


  • Minimum 5 years of analytical experience, preferable from banking
  • A good understanding of capital regulation and requirements
  • Experience with ICAAP and stress-tests is an advantage
  • Experience with economic capital and IRB models is an advantage
  • Experience with systems and processes for capital reporting is an advantage
  • Experience with financial reporting and capital control is an advantage
  • Experience with capital relief transactions is an advantage


  • Masters degree in Finance, Business Administration, Mathematics or similar

Great Place to Work

  • Gode forsikrings- og pensjonsordninger

  • Vi gir tilbake til samfunnet

  • Vi investerer i deg

  • Innovativt og fremtidsrettet selskap

  • BeHealthy | Din helse er viktig for oss

  • Sosiale arrangement for alle ansatte

  • Engasjerte kolleger

  • Dynamisk arbeidsmiljø

  • Personalgoder og rabatter

  • We invest in you

  • Innovative and looking to the future

  • BeHealthy | Your health is important to us

  • Social events for all employees

  • Engaged colleagues

  • Dynamic work environment

  • Employee benefits and discounts

  • Competitive insurance and pension plans

  • We give back to society

About the company

Santander Consumer Bank AS offers auto and leisure financing, consumer loans, credit cards, savings accounts and insurance to private customers, and is the market leader in auto financing in Norway.

Santander is an exciting employer with over 600 employees in Norway, and 1500 in total in the Nordic countries, and belongs to one of the world's largest financial groups, Banco Santander.

We have good pension and insurance plans and a wide range of employee benefits. This year's employee survey shows that employees are committed, thrive in their workplace and have good colleagues. The company is committed to giving something back to the community, and is among other things a gold partner to the charity Right to Play. You can read about all our sponsorships on our company website santander.no under “Samarbeid”.

We work with our eyes on the future and constantly look for new solutions and products adapted to a changing market. In 2018, among other things, we were 1 of 2 banks that were ready when ApplePay was launched in Norway, and together with a partner, have prepared an innovative new car subscription solution.

TDel av Banco Santander – et av verdens største finanskonsern med historie på over 160 år

THistorien vår går tilbake til 1963 i Norge

TOver 600 000 kunder og 3500 partnere i Norge

T50/50 fordeling menn og kvinner

TStørst på billån i Norge

TFremtidsrettede | Først ute i Norge med ApplePay

TVi er dedikert til å være en ansvarlig långiver!

TInnovative | Vår siste nyvinning SHFT – en abonnementsløsning for bil

TPart of Banco Santander - one of the world's largest financial corporations with a history of over 160 years

TOur story goes back to 1963 in Norway

TOver 600,000 customers and 3500 partners in Norway

T50/50 distribution men and women

TMarket leader in auto financing in Norway

TForward | First in Norway to launch ApplePay

TWe are dedicated to being a responsible lender!

TInnovative | Our latest innovation SHFT - a car subscription solution

Ellen Belck-Olsen | Hiring Manager

I'm interested
Santander Consumer Bank AS

Visit website