Card Schemes Costs Consultant
Country: Spain
AQUANIMA 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?
At Aquanima we provide a valuable service to our customers. We are part of the Santander Group and we seek to achieve maximum efficiency for the Group and for external clients, through the management of purchasing processes. As our ultimate and main objective is to maximize savings for our clients, we offer our expertise in purchasing in various expense categories in the 12 countries where we have a presence. In addition, our capabilities allow us to offer other value-added services such as 360º supplier management and contract management. We are a strategic partner to our customers and suppliers, creating long-term relationships with them and helping them to achieve greater efficiency in their day-to-day operations.
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 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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Monitor and validate charges received from Card Schemes, ensuring correct application of fees and resolving discrepancies.
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Reconcile payments with issuer-provided reports and investigate discrepancies in tariff charges.
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Conduct detailed analyses of invoices, clearing files, and portfolio reports to identify errors, cost-saving opportunities, and potential efficiencies.
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Present observations, insights, and recommendations to internal business units and stakeholders.
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Stay informed of updates to Card Schemes’ tariffs and mandates, assessing and communicating their impact on operations.
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Prepare detailed reports and presentations on the financial impact of tariff changes.
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Support and train internal teams to understand Card Schemes’ fees and their operational implications.
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Create and maintain internal documentation, including standard operating procedures, tariff reconciliation guidelines, and best practices.
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Track the execution and impact of agreed recommendations and initiatives.
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
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.
