About the Role
As Vice President within the Risk Solutions Group, you will perform an FX and Macro Structuring role focused on delivering bespoke risk management, investment, and financing solutions to corporate and institutional clients. You 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. The role requires a highly motivated and commercially minded individual with solid technical expertise, creativity, intellectual curiosity, and a highly developed risk and control mindset.
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, 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
- Previous experience in a similar position within investment banking.
- Detailed knowledge of the full IR and FX derivatives product suite as well as pricing theory, valuation methodologies, and XVA concepts.
- Knowledge of institutional regulatory frameworks, including MiFID, EMIR, product governance, clearing, margining, reporting, and ISDA / CSA documentation.
- Understanding of Counterparty Credit risk and Regulatory Capital Consumption.
- Excellent quantitative understanding of derivatives pricing, volatility, Greeks, payoff construction, hedging dynamics, and risk sensitivities.
- Completed CISI modules.
- Well-developed communication and stakeholder management skills with the ability to explain complex concepts clearly to clients and internal stakeholders.
- Excellent analytical and quantitative problem-solving capabilities.
- Ability to manage multiple workstreams and transactions in a fast-paced environment.
- Experience building and interpreting scenario analysis, stress testing, payoff modelling, back-testing, and relative value analysis.
- Detailed knowledge of Corporate Finance and typical DCM typical transactions.
- Knowledge of IAS / IFRS accounting principles relevant to derivatives and hedging strategies.
- 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.
Skills
- FX Structuring
- Macro Structuring
- Risk Management
- Hedging
- Investment Strategies
- Financing Solutions
- Pricing Support
- Trade Analytics
- Solution Development
- Client Presentations
- Transaction Proposals
- Payoff Modelling
- Risk Scenario Analysis
- Relationship Building
- Market Insight
- Stakeholder Management
- Quantitative Analysis
- Problem-Solving
- VBA
- Python
Location
- United Kingdom
- London
Work Type
- Full-time
Experience Level
- Vice President
- Senior
Education Level
- Degree level or equivalent in a quantitative subject
Salary/Compensations
- Competitive salary
- Eligible for a discretionary performance-related annual bonus
Benefits
- Pension scheme (8% of salary company contribution, up to 12.5% if employee contributes, option to take some contribution in cash)
- 30 days' holiday plus bank holidays (increases to 31 days after 5 years' service)
- Option to purchase up to 5 contractual days per year
- Company-funded individual private medical insurance
- Voluntary healthcare benefits at discounted rates (family private medical insurance, dental insurance, health assessments)
- Company-funded death-in-service benefit
- Income protection insurance
- Option to take advantage of discounted rates for additional life assurance and critical illness cover
- Share plans
About the Company
- Santander Corporate & Investment Banking (SCIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customised services and value-added wholesale products to best meet their needs.
- 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.
- 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, you’ll find that with us, even your smallest action will have a massive impact. That’s the Santander Effect.
Equal Opportunity
- Santander is proud of being an organization where there are equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation.
- We are committed to providing an inclusive and accessible application process for all candidates.
