Front Office XVA Quant - SCIB

Banco Santander SA; España; Sur place; EUR 90 000 - 130 000; Plein temps

Avantages offerts par ce poste

Competitive bonus

Banking benefits

BeHealthy program

Childcare support

Contigo program

Gym membership

Meal subsidy

Parking

Shuttle service

Open Academy access

Résumé du poste

Banco Santander SA in Madrid is seeking a Front Office XVA Quant for Santander Global Markets. You will join the XVA Quantitative Team to develop, enhance, and maintain pricing libraries across asset classes and support trading desks.

The role requires 2-3 years in a Front Office Quantitative function with experience in XVA, rates or hybrids; a quantitative degree; strong Python and C++ skills; and knowledge of fixed income derivatives, options pricing, and risk modeling.

Qualifications

• Minimum 2-3 years in a Front Office Quantitative team (XVA/Rates/Hybrids).
• Bachelor’s degree or equivalent in a quantitative discipline. MSc/PhD highly valuable.

Responsabilités

• Contribute actively to design and implementation of pricing and risk libraries.
• Build pricing, risk-management, and market-making tools for trading desks.
• Enhance and extend quantitative frameworks and tools to high quality standards.
• Develop, improve, and maintain robust testing for quantitative libraries and tools.
• Produce clear mathematical and technical documentation for internal stakeholders.
• Partner with and support Trading, Sales, and Risk teams.

Connaissances

Python

C++

Fixed income derivatives

Options pricing

Probability theory

Quantitative analysis

Formation

Bachelor's degree in Engineering, Physics, Mathematics

MSc/PhD valuable

Description du poste

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 for developing, enhancing, and maintaining pricing libraries across 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 actively to the design and implementation of our pricing and risk libraries, covering both mathematical modeling and software development.
• Build pricing, risk-management, and market-making tools for our trading desks.
• Enhance and extend existing quantitative frameworks and tools to meet the highest quality standards.
• Develop, improve, and maintain robust testing for our quantitative libraries and tools.
• Produce clear mathematical and technical documentation for internal stakeholders.
• Partner with and support Trading, Sales, and Risk teams.

WHAT YOU’LL BRING

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.

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 skills in languages such as Python and C++.

Foundational knowledge of fixed income derivatives.

Solid understanding of options pricing theory, quantitative modeling, and probability theory.

Soft Skills

Critical thinker with 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 quants in a supportive, innovative environment, with a hands-on, practical approach.

WE VALUE YOUR IMPACT

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