Card Schemes Costs Consultant - Global Cards
Country: Spain
GLOBAL CARDS is looking for a CARD SCHEMES COSTS CONSULTANT, based in our BOADILLA DEL MONTE (MADRID) office.
WHY YOU SHOULD CONSIDER THIS OPPORTUNITY
At Santander (www.santander.com) we are key players in the transformation of the financial sector. Do you want to join us?
Cards & Digital Solutions is the division in charge of developing an open card platform with the aim of making payments accessible to different customers around the world in a convenient, simple and secure way in a responsible manner.
Santander is proud of being an organization where there are equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation.
WHAT YOU WILL BE DOING
As a transactional Card Schemes Costs Consultant of major brands (Mastercard, Visa, and American Express) pricing strategies and methodologies, the main objective of this role is to monitor, analyze, and validate charges to ensure their accuracy, detect cost-saving opportunities, and optimize interchange fees. You will be part of a Center of Excellence operating this service, provided by Aquanima, a Santander Group Company.
You will be responsible for providing insights to Santander business and operational units. To do so, you will use your strong analytical skills to perform quantitative transactional and cost data analyses. From these analyses, you will present your recommendations and opportunities to solve errors and optimize related cost and interchange charges.
In this role, you will leverage your strong analytical and communication skills to deliver actionable insights and recommendations. You will work closely with internal teams and external stakeholders, ensuring compliance with card scheme mandates and promoting cost efficiency across operations.
Key Responsibilities:
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To improve efficiency over the card`s schemes products and services that we use, for the whole group.
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To review the tool portfolio (product and services) from the brands, identifying opportunities, such as.
a.The contribution of the tool to the operation and to propose minimum efficiency or its replacement.
b.Overlay, mandates (mandatory/ no), renegotiation.
c.To share good practices between the group.
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Product owner and focal point between business, operations and consultants to define joint initiatives.
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To support the countries/ partners on statistical studies and business cases for each initiative.
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Project plan & governance. KPIs to track savings.
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To support the countries in the implementation and negotiation of the initiatives with the brands.
EXPERIENCE
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From 2 to 5 years of experience in roles related to Card Schemes’ processing, interchange fees, and cost optimization.
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Familiarity with payment platforms and banking systems for transaction processing.
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Management consulting experience is a plus.
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Bilingual proficiency in English and Spanish (Portuguese is a strong advantage).
SKILLS & KNOWLEDGE
Technical Skills:
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Proficiency in data analysis tools and dashboards such as SQL, Power BI, QlikView and advanced Excel.
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Knowledge of Card Schemes / Card Network’ platforms and relational databases for information exploitation.
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Familiarity with Artificial Intelligence (AI) tools and their applications in data mining.
Soft Skills:
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Effective communication skills for engaging with internal and external stakeholders.
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Strong attention to detail with the ability to interpret and present large data sets clearly and critically.
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Teamwork and project management experience.
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Strong analytical, quantitative, and communication skills.
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Ability to identify opportunities and drive the execution of cost-optimization initiatives.
This position offers a challenging and rewarding opportunity to drive meaningful cost efficiencies while supporting the strategic goals of the organization. This position will be based in Madrid.
If you want to know more about us, follow us on https://es.linkedin.com/company/banco-santander
https://www.aquanima.com
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Santander Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Santander and has not been reviewed or approved by Santander.
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Retirement Support — A dollar‑for‑dollar 401(k) match up to 6% of eligible pay and immediate vesting are highlighted as core strengths, supporting long‑term savings. This is reinforced by company‑paid disability and life/AD&D coverage that bolster financial security.
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Leave & Time Off Breadth — Paid time off typically ranges from 18–30 days in the U.S. with 11 paid holidays, plus dedicated volunteer and development time; the UK features a minimum of 25 days with buy/sell options. Some roles also use self‑managed PTO, offering additional flexibility depending on team norms.
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Parental & Family Support — U.S. parental benefits include 8 weeks paid for all parents and a total of 16 weeks paid for birth mothers, with flexibility for reduced hours around childbirth. Caregiver leave and dependent‑care programs add further family support.
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What We Do
Banco Santander (SAN SM, STD US, BNC LN) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. In the first quarter of 2024, Banco Santander had €1.3 trillion in total funds, 166 million customers, 8,400 branches and 211,000 employees.
