Front Office XVA Quant - SCIB

Santander; Boadilla del Monte; On-site; EUR 100,000 - 170,000; Full time

Benefits offered by this job

Gym/WellHub membership

Meal subsidy

Parking

Shuttle service Madrid

Job summary

Santander Global Markets is seeking a Front Office XVA Quant to work from Madrid, Spain. You will contribute to pricing libraries, risk tools, and market-making capabilities for complex asset classes. The role requires strong programming skills and expertise in quantitative methods.

The team emphasizes innovation, collaboration, and continuous learning within a risk-aware culture, with opportunities for growth in a global bank environment.

Qualifications

• Minimum 2–3 years in a Front Office Quantitative team, especially XVA, Rates or Hybrids.
• Fluent English is required; Spanish preferred.

Responsibilities

• Develop, enhance, and maintain pricing libraries across asset classes and use cases.
• Build pricing, risk-management, and market-making tools for trading desks.
• Document mathematical and technical aspects for internal stakeholders.

Skills

Quantitative Finance

XVA Experience

English Proficiency

Education

Bachelor's in Engineering/Physics/Math

MSc/PhD valuable

Tools

Python

C++

Fixed Income Derivatives

Job description

Front Office XVA Quant - SCIB

Country: Spain

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

Santander Global Markets is looking for a Front Office XVA Quant based out of Madrid, Spain.

As a member of the XVA Quantitative Team, you will primarily be responsible fordeveloping, enhancing, and maintainingpricing librariesacross all asset classes and use cases.

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:

• Contribute activelyto the design and implementation of our pricing and risk libraries, covering bothmathematical modelingandsoftware development.

• Build pricing, risk-management, and market-making toolsfor our trading desks.

• Enhance and extendexisting quantitative frameworks and tools to meet thehighest quality standards.

• Develop, improve, and maintainrobusttestingfor our quantitative libraries and tools.

• Produce clear mathematical and technical documentationfor internal stakeholders.

• Partner with and supportTrading, Sales, and Risk teams.

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

• Minimum 2-3 years of experience working within a Front Office Quantitative team, particularly in XVA, Rates, or Hybrids.

Education

• Bachelor’s degree or equivalent in Engineering, Physics, Mathematics, or another quantitative discipline.

• MSc and/or PhD (or equivalent) is highly valuable.

Languages

• English (Required)

• Spanish (Preferred)

Hard Skills

• Strong programming skillsin languages such asPython and C++.

• Foundational knowledgeoffixed income derivatives.

• Solid understandingofoptions pricing theory,quantitative modeling, andprobability theory.

Soft Skills

• Critical thinkerwith the ability to break down complex problems, challenge assumptions, and develop creative solutions.

• Excellent written and verbal communication skills, with the ability to explain technical findings to non-technical stakeholders.

• Collaborate with world-class quantsin a supportive, innovative environment, with a hands-on, practical approach.

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

• 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-friendlyprogrammes 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.