At a Glance
- Tasks: Lead FX and macro risk solutions for top-tier institutional clients.
- Company: Join Santander Global Banking & Markets, a leader in FX and macro solutions.
- Benefits: Competitive salary, tailored benefits, and a performance-related bonus.
- Other info: Dynamic London office environment with excellent career growth opportunities.
- Why this job: Make a real impact in the financial world with innovative risk management strategies.
- Qualifications: Degree in Finance, Mathematics, or related field; strong analytical 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.
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.
- 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:
- 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.
- 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.
- 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.
Head of FX Structuring & Risk Solutions in London employer: Santander Corporate & Investment Banking
Santander Global Banking & Markets is an exceptional employer, offering a dynamic work environment in the heart of London that fosters innovation and collaboration. With a strong focus on employee growth, we provide tailored benefits, including a competitive salary, generous pension contributions, and 30 days of holiday, ensuring our team members can thrive both professionally and personally. Join us to be part of a leading FX and macro solutions provider, where your expertise will directly impact sophisticated institutional clients across global markets.
Contact Details:
Santander Corporate & Investment Banking Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Head of FX Structuring & Risk Solutions in London
✨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
Show off your expertise! Prepare a portfolio of your past projects or case studies that highlight your structuring skills and risk management strategies. This will give you an edge during interviews and help you stand out.
✨Tip Number 3
Practice makes perfect! Get comfortable with common interview questions related to FX derivatives and risk solutions. Mock interviews with friends or mentors can help you articulate your thoughts clearly and confidently.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our brand.
We think you need these skills to ace Head of FX Structuring & Risk Solutions in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Head of FX Structuring & Risk Solutions role. Highlight your expertise in FX, macro markets, and risk management solutions to catch our eye!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of how you've delivered bespoke solutions in the past and how you can contribute to our team.
Showcase Your Analytical Skills:Since this role requires strong analytical capabilities, make sure to include any relevant projects or experiences that demonstrate your quantitative problem-solving skills. We love seeing how you approach complex challenges!
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. Plus, it’s super easy!
How to prepare for a job interview at Santander Corporate & Investment Banking
✨Know Your FX and Macro Fundamentals
Make sure you brush up on your knowledge of FX derivatives, pricing theories, and risk management strategies. Being able to discuss these concepts confidently will show that you're not just familiar with the jargon but can apply it in real-world scenarios.
✨Tailor Your Examples
Prepare specific examples from your past experiences that demonstrate your ability to develop bespoke solutions for institutional clients. Highlight instances where you've successfully managed complex transactions or built strong client relationships, as this is crucial for the role.
✨Showcase Your Analytical Skills
Be ready to discuss your analytical approach to problem-solving. You might be asked to walk through a scenario analysis or stress test, so practice explaining your thought process clearly and concisely. This will help convey your strong quantitative capabilities.
✨Engage with Stakeholders
Since the role involves collaboration with various internal teams, prepare to discuss how you've effectively communicated complex ideas to different stakeholders in the past. Demonstrating your stakeholder management skills will be key to showing you can thrive in a fast-paced environment.
