.Insurance Product and Actuarial Senior Business AnalystCountry: SpainWHAT YOU WILL BE DOING WM&I is looking for an Insurance Product and Actuarial Senior Business Analyst, based in our Boadilla del Monte office.WHY YOU SHOULD CONSIDER THIS OPPORTUNITY The Wealth Management & Insurance division covers three businesses in all Santander Group countries: Insurance, Asset Management, and Private Banking. We work to provide the best solutions to our clients in these three businesses in the 10 countries where we have a presence. Santander Insurance, part of the Wealth Management and Insurance division, is one of the growth engines for Santander Bank.Santander Insurance has 30 million insurance policies in force amongst 21 million customers, protecting what is most important to them. Due to the importance of the area, an opportunity has arisen to be part of the team. This is a critical area developing new products, pricing strategies, and propositions, and ensuring existing products remain fit for purpose.Santander is proud of being an organization where there are equal opportunities regardless of gender identity, culture, and disability. Our mission is to contribute to help more people and businesses prosper. We embrace a strong risk culture, and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.KEY RESPONSIBILITIES Support the design, implementation, and management of new and existing product propositions to build loyalty with customers and deliver value for shareholders.Develop innovative and creative products, propositions, processes, approaches, and promotions to support achievement of company objectives.Make recommendations to management on the development of new and existing products, including pricing, design, profitability, market position, and new opportunities.Support the management of pricing and margin policies with the insurance factories.Provide actuarial and statistical analysis related to pricing, including loss and premium trends.Develop and maintain a plan that identifies, assesses, manages, and reports risks and controls for all projects in the Insurance portfolio in line with business, regulatory, and audit priorities.Promote and embed a risk awareness culture and associated action plan within the area of responsibility and across the wider insurance business.Lead the delivery of effective governance, oversight, and controls within the area of responsibility and oversee changes when required.Proactively manage products to ensure they meet the needs of customers, colleagues, and shareholders.Manage the products in line with the company's governance frameworks to ensure new products meet the NPBA process requirements and existing products remain fit for purpose.EXPERIENCE Experience working in multidisciplinary teams and flexibility. Insurance Business Knowledge would be desirable