At a Glance
- Tasks: Design and execute tailored FX solutions for institutional clients across the globe.
- Company: Join Santander Corporate & Investment Banking, a leader in global finance.
- Benefits: Competitive salary, generous holiday, private medical insurance, and pension contributions.
- Other info: Flexible work environment and commitment to diversity and inclusion.
- Why this job: Make a real impact in a dynamic environment with global reach and innovative solutions.
- Qualifications: Experience in investment banking and strong quantitative skills required.
The predicted salary is between 50000 - 70000 £ per year.
As Vice President in the Risk Solutions Group of Santander Corporate & Investment Banking, you will design and execute tailored FX and macro structuring solutions for sophisticated institutional clients across the UK, Europe and Americas.
Your role will involve collaborating closely with sales, trading, research, and global markets stakeholders to deliver bespoke risk‑management, investment and financing solutions.
- 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, Lat Am 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 Mi FID, 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
- 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 Mi FID, 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 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, within easy walking distance from Warren Street and Euston.
We aim to support a flexible work environment to help our people thrive at work and at home.
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 is recognised. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver.
Benefits
- Eligible for a discretionary performance‑related annual bonus
- We contribute 8 % of salary to your pension; we’ll contribute up to 12.5 % if you also contribute, and you may take part of our contribution in cash if you prefer
- 30 days holiday plus bank holidays, increasing to 31 days after 5 years of 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
What to do next – If this sounds like a role you’re interested in, please apply.
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Vice President - FX Structuring | SCIB in London employer: TSB Bank
Santander Corporate is an exceptional employer, offering a supportive work culture that prioritises employee well-being and growth. With generous benefits such as 30 days of holiday, comprehensive medical insurance, and opportunities for financial investment in the company's success, employees can thrive both personally and professionally in a dynamic environment.
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We think this is how you could land Vice President - FX Structuring | SCIB in London
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