Job Description
Key activities
The Vice President within the Risk Solutions Group will perform an FX and Macro Structuring role focused on delivering bespoke risk management, investment and financing solutions to corporate and institutional clients.
Risk Solutions Group specialises in the design and execution of tailored solutions across FX, rates and macro markets, supporting clients with hedging, capital optimisation, liquidity management and investment strategies. The role will focus primarily on sophisticated institutional clients, including banks, asset managers, pension funds, insurers, hedge funds, supranationals, private capital investors and other financial institutions.
The successful candidate will provide structuring expertise, pricing support, trade analytics and solution development across UK, European and Americas client franchises in partnership with Sales teams and wider Global Markets stakeholders.
Key responsibilities include:
- Originating, structuring and supporting the execution of FX and macro risk management strategies for a defined portfolio of institutional and corporate clients.
- Developing tailored hedging, investment, yield enhancement and capital-efficient solutions across FX spot, forwards, swaps, vanilla options, structured FX derivatives and selected cross-asset solutions.
- Producing high-quality generic and bespoke client presentations, trade ideas and transaction proposals.
- Delivering pricing analysis, trade analytics, payoff modelling and risk scenario analysis to support client transactions.
- Supporting the full transaction lifecycle, including idea generation, pricing coordination, approvals, documentation, execution and post-trade monitoring.
- Monitoring existing transactions to identify restructuring, unwind, extension, collateral optimisation or hedging adjustment opportunities.
- Building and strengthening client relationships through market insight, structuring expertise and proactive idea generation.
- Working closely with internal stakeholders including Sales, Trading, Research, Bankers, DCM, Legal, Credit Risk, Compliance, XVA, Middle Office and Operations.
- Collaborating across regional teams in Europe, LatAm and other international markets to support cross-border client activity.
- Developing solutions that consider the specific accounting, regulatory, capital and liquidity constraints of different client segments, including:
- Basel / CRR, RWA, leverage ratio and liquidity considerations for banks.
- Solvency II, ALM, matching adjustment and capital efficiency considerations for insurers.
- Liability-driven investment, collateral management, governance and funding ratio considerations for pension funds.
- Supporting adherence to applicable regulatory requirements including MiFID / UK MiFID, EMIR / UK EMIR, product governance, clearing, margining, reporting and ISDA / CSA frameworks.
- Contributing to the continued growth and positioning of Santander Global Banking & Markets as a leading FX and macro solutions provider.
The role requires a highly motivated and commercially minded individual with strong technical expertise, creativity, intellectual curiosity and a strong risk and control mindset.
What we’re looking for
Essential
- Educated to degree level in a relevant discipline such as Finance, Mathematics, Engineering, Economics, Physics or another quantitative subject.
- CISI Regulatory Module.
- CISI Securities Module.
- CISI Derivatives Module.
- Strong communication and stakeholder management skills with the ability to explain complex concepts clearly to clients and internal stakeholders.
- Strong analytical and quantitative problem-solving capabilities.
- Ability to manage multiple workstreams and transactions in a fast-paced environment.
- Commercial mindset with strong attention to detail and risk awareness.
Desirable
- Comprehensive understanding of IR and FX derivatives pricing theory, valuation methodologies and XVA concepts.
- Detailed knowledge of the full IR and FX derivatives product suite.
- Strong quantitative understanding of derivatives pricing, volatility, Greeks, payoff construction, hedging dynamics and risk sensitivities.
- Understanding of counterparty credit risk, regulatory capital consumption and balance sheet optimisation considerations.
- Knowledge of institutional regulatory frameworks, including MiFID / UK MiFID, EMIR / UK EMIR, product governance, clearing, margining, reporting and ISDA / CSA documentation.
- Experience building and interpreting scenario analysis, stress testing, payoff modelling, back-testing and relative value analysis.
- Understanding of corporate finance and Debt Capital Markets transactions.
- Knowledge of IAS / IFRS accounting principles relevant to derivatives and hedging strategies.
- Understanding of credit and market risk calculations relevant to derivative products.
- Programming or technical skills in VBA, Python or similar tools for analytics, automation and data analysis.
- Additional language skills, particularly Spanish, French, Italian, German or Portuguese.
What else you need to know
This role is based in our Triton Square office in London, conveniently located within walking distance from Euston Station and Warren Street Station.
How we’ll reward you
As well as a competitive salary, you’ll enjoy a benefits package that you can tailor to your needs.
- Eligible for a discretionary performance-related annual bonus
- Pension with generous contributions of up to 12.5% from Santander, depending on your own contribution and length of employment with us
- 30 days holiday plus bank holidays, with the option to purchase up to 5 contractual days per year
- Company funded individual private medical insurance
- Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, healthcare cash plan and health assessments
- Benefits supporting you and your family, such as death-in-service benefit, income protection, and voluntary life assurance and critical illness cover
- Share in Santander’s success by investing in our Sharesave and Partnership shares plans
For more information about our wide range of benefits and family friendly policies visit our website.
Equal Opportunities
Santander are an equal opportunities employer. When we talk about diversity, we don’t just want to pay lip service. Our customers come from a wide range of backgrounds, and so do our people. It’s important to us that we create an inclusive culture where everyone counts, and we particularly welcome applications from different underrepresented groups.
For more information on our commitment to equal opportunities, please visit our diversity page.
What to do next
If this sounds like a role you’re interested in, then please apply on the link.
Due to high volume of applications we may need to close this role earlier than the advertised date, so recommend submitting an application as soon as possible.
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