At a Glance
- Tasks: Deliver bespoke FX and macro risk management solutions for institutional clients.
- Company: Join Santander Global Banking & Markets, a leader in FX and macro solutions.
- Benefits: Competitive salary, generous pension contributions, 30 days holiday, and tailored benefits.
- Other info: Dynamic role with opportunities for growth and collaboration across global teams.
- Why this job: Make a real impact by structuring innovative financial solutions for top-tier clients.
- Qualifications: Degree in Finance or related field; strong analytical and communication skills required.
The predicted salary is between 80000 - 100000 £ per year.
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.
Qualifications
- 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.
As well as a competitive salary, you'll enjoy a benefits package that you can tailor to your needs.
Benefits
- 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.
SCIB VP, FX Structuring in City of Westminster employer: Santander Bank
Santander Global Banking & Markets is an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation in the FX and macro solutions space. With a strong focus on employee growth, competitive benefits including generous pension contributions and tailored healthcare options, and a culture that values diversity and inclusion, employees are empowered to thrive while making a meaningful impact on sophisticated institutional clients across global markets.
StudySmarter Expert Advice🤫
We think this is how you could land SCIB VP, FX Structuring in City of Westminster
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work with FX and macro solutions. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can explain complex concepts clearly, as you'll need to impress both clients and internal stakeholders with your expertise.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss past experiences where you've tackled complex problems or developed tailored solutions. Use specific examples to highlight your quantitative abilities.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at Santander Global Banking & Markets.
We think you need these skills to ace SCIB VP, FX Structuring in City of Westminster
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in FX and macro structuring. We want to see how your skills align with the specific needs of our Risk Solutions Group.
Showcase Your Analytical Skills:Since this role involves a lot of analytical work, be sure to include examples of your problem-solving capabilities. We love seeing how you’ve tackled complex challenges in the past!
Highlight Communication Skills:Strong communication is key in this role. Use your application to demonstrate how you've effectively communicated complex concepts to clients or stakeholders in previous positions.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role as quickly as possible!
How to prepare for a job interview at Santander Bank
✨Know Your FX and Macro Products
Make sure you brush up on your knowledge of FX derivatives, structured products, and macroeconomic factors. Be ready to discuss specific examples of how you've used these in past roles or how they can be applied to the needs of sophisticated institutional clients.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess by discussing past experiences where you've conducted pricing analysis or trade analytics. Bring examples of how you've modelled payoffs or assessed risk scenarios, as this will show your ability to handle complex transactions.
✨Communicate Clearly and Confidently
Since strong communication is key, practice explaining complex concepts in simple terms. You might be asked to present a trade idea or a transaction proposal, so rehearse how you'd convey your thoughts clearly to both clients and internal stakeholders.
✨Understand Regulatory Frameworks
Familiarise yourself with relevant regulations like MiFID, EMIR, and Basel requirements. Be prepared to discuss how these impact structuring solutions and client transactions, as this knowledge will set you apart as a candidate who understands the broader context of the role.
