IT STARTS HERE

Santander ( www.santander.com ) is evolving from a global, high-impact brand into a technology-driven organization , and our people are at the heart of this journey. Together , we are driving a customer-centric transformation that values bold thinking, innovation , and the courage to challenge what’s possible.

This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference .

Our mission is to contribute to help more people and businesses prosper . We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

Santander Corporate & Investment Banking (Santander CIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customized services and value-added wholesale products to best meet their needs.

THE DIFFERENCE YOU MAKE

SCIB is looking for a XVA Trader based out of Madrid (Spain).

We’re shaping the way we work through innovation, cutting-edge technology, collaboration and the freedom to explore new ideas. To succeed in this role, you will be responsible for:

• Daily calculation, analysis, and monitoring of valuation adjustments (CVA, DVA, FVA, ColVA, MVA) on OTC derivatives portfolios.

• Management and hedging of market risk associated with counterparty credit risk and funding risk exposures (Credit Risk, Interest Rate Risk, FX, etc.).

• Quoting of client transactions, incorporating XVA impacts into pricing.

• Continuous interaction with other Trading desks, Sales, Structuring, Risk, Finance, and Technology teams to ensure the correct implementation and ongoing improvement of valuation, pricing, and risk management models and processes.

• Analysis of daily P&L results, explanation of variances vs. expected, and support for daily risk processes.

• Participation in the development, enhancement, and automation of XVA pricing and reporting tools.

• Monitoring of regulatory and capital metrics related to XVA.

• Optimization of collateral asset portfolios, including funding costs, capital usage, and liquidity.

• Design and pricing of bespoke products to meet the demand from our client base

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 organization. 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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Professional Experience

• 4 - 5 years of Front Office experience in trading or structuring roles (Mandatory).

• Previous experience in XVA Trading, options, exotic or hybrid trading, or Structuring (Preferred).

• Previous experience in pricing and risk management of OTC derivative products (IR, FX, Credit, or Equity) (Preferred).

Education

• Bachelor’s degree in Mathematics, Physics, Engineering, Economics, Business Administration, or related quantitative disciplines (Mandatory).

• Master’s degree in Quantitative Finance, Financial Engineering, or similar (Preferred).

Languages

• English (able to conduct professional-level conversations) (Mandatory).

• Spanish (Preferred).

Hard Skills

• Knowledge of financial derivatives valuation models (Mandatory).

• Basic programming skills in Python and VBA (Preferred).

Soft Skills

• Strong analytical skills, attention to detail, and results-driven mindset.

• Ability to work effectively in teams, clearly communicate complex ideas, and collaborate in multidisciplinary environments.

• Highly motivated to learn and take on new challenges.

WE VALUE YOUR IMPACT

Your contribution matters , and it’s recognized. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver. But we know rewards go beyond numbers.

• We’re enable our teams to go beyond through global opportunities and broad career paths.

• Learning for life . Access hundreds of courses on our platforms, including exclusive access to our global learning space: Santander Open Academy (www.santanderopenacademy.com)

• Competitive rewards. Receive a highly competitive salary with performance-based bonuses, motivating you to keep growing with us.

• Financial advantages. Benefit from preferential banking terms, special interest rates on loans, life insurance, and more.

• Your health is our priority. Through BeHealthy, our global wellness programme, we promote Holistic wellbeing.

• We know family is everything . That’s why we offer childcare support and family-friendly programmes tailored to each life stage.

• Always by your side. Get access to Santander Contigo , our program for employees and their families offering legal, emotional, and administrative advisory services.

• Extra benefits . Gym/WellHub membership, medical centers in some of our facilities, meal subsidy, parking, shuttle service from various points in Madrid, as well as exclusive discounts and offers for Santander employees. And that’s only the beginning—we’ll tell you more when you join!

We’re here to keep you motivated , help you reach your goals, and celebrate your progress, every step of the way.

LOCAL COMPLIANCE

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.

WHAT TO DO NEXT

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

READY TO TAKE THE NEXT STEP IN YOUR JOURNEY?