SCIB VP, FX Structuring at Santander | GB | Rezi

SCIB VP, FX Structuring at Santander

SCIB VP, FX Structuring

Santander · GB

2 months ago

SCIB VP, FX Structuring

Santander · GB

2 months ago
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About the Role

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.

Responsibilities

  • 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.
  • 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.

Requirements

  • 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.

Skills

  • FX and Macro Structuring
  • Risk Management
  • Investment Solutions
  • Financing Solutions
  • Hedging
  • Capital Optimisation
  • Liquidity Management
  • Pricing Support
  • Trade Analytics
  • Solution Development
  • 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.

Location

  • United Kingdom
  • London

Work Type

  • Full-time

Experience Level

  • Vice President

Education Level

  • Degree level in Finance, Mathematics, Engineering, Economics, Physics or another quantitative subject
  • CISI Regulatory Module
  • CISI Securities Module
  • CISI Derivatives Module

Salary/Compensations

  • Competitive salary

Benefits

  • Discretionary performance-related annual bonus
  • Pension with generous contributions of up to 12.5% from Santander
  • 30 days holiday plus bank holidays
  • Option to purchase up to 5 contractual days per year
  • Company funded individual private medical insurance
  • Voluntary healthcare benefits at discounted rates
  • Death-in-service benefit
  • Income protection
  • Voluntary life assurance and critical illness cover
  • Sharesave and Partnership shares plans

About the Company

  • Santander Global Banking & Markets is a leading FX and macro solutions provider.
  • Our work touches 140 million lives every day. By always innovating, sharing our experiences, questioning how we do things and adapting to new challenges. As we keep reinventing ourselves for the digital age, even the smallest action will have a massive impact. That’s the Santander Effect.

Equal Opportunity

  • Santander are an equal opportunities employer.
  • We create an inclusive culture where everyone counts, and we particularly welcome applications from different underrepresented groups.