Vice President - FX Structuring | SCIB

Vice President - FX Structuring | SCIB

Country: Reino Unido

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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. 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.

As Vice President within the Risk Solutions Group you’ll perform an FX and Macro Structuring role focused on delivering bespoke risk management, investment and financing solutions to corporate and institutional clients. You’ll 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.

The difference you’ll make:

• 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, 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

What you’ll bring:

Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organisation. We’re enabling teams to go beyond by valuing who they are and empowering what they bring.

The following requirements represent the knowledge, skills, and abilities essential for success in this role.

• 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

• Educated to degree level or equivalent in a quantitative subject

• 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

It would also be nice for you to have:

• 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

What else you need to know:

This role is based at our offices in Triton Square, London located within easy walking distance from Warren Street and Euston.

We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop.

Equal Opportunities.

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.

How we’ll reward you.

Your contribution matters, and it’s recognised. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver.

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.

• We put 8% of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.

• 30 days’ holiday plus bank holidays, which increases to 31 days after 5yrs service, 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, and health assessments.

• Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.

• Share in Santander’s success by saving or investing in our share plans.

Learn more about our benefits and family friendly policies

What to do next:

If this sounds like a role you’re interested in, then please apply.