Front Office XVA Quant - SCIB

Banco Santander SA; España; Presencial; EUR 70.000 - 90.000; Jornada completa

Descripción de la vacante

Banco Santander SA in Madrid seeks a Front Office XVA Quant to join the XVA Quant team. You will develop pricing libraries across asset classes and support trading desks.

Requirements include 2-3 years in a Front Office Quant role (XVA/Rates/Hybrids), a STEM degree (MSc/PhD valuable), English required and Python/C++ expertise with fixed income derivatives knowledge.

Santander CIB offers a collaborative environment with growth opportunities and a competitive rewards package.

Formación

• 2-3 years in a Front Office Quant team, esp. XVA, Rates or Hybrids.
• Bachelor's in Engineering, Physics, Mathematics or related field; MSc/PhD valuable.
• English required; Spanish preferred.
• Python and C++; fixed income derivatives; options pricing and quantitative modeling.

Responsabilidades

• Design and implement pricing and risk libraries with mathematical modeling and software development.
• Build pricing, risk-management, and market-making tools for trading desks.
• Enhance and extend existing quantitative frameworks to high standards.
• Develop, improve, and maintain robust testing for quantitative libraries/tools.
• Produce clear mathematical and technical documentation for internal stakeholders.
• Partner with Trading, Sales, and Risk teams.

Conocimientos

Python

C++

Fixed income derivatives

Options pricing theory

Quantitative modeling

Probability theory

English

Spanish

Educación

Bachelor's degree in Engineering/Physics/Mathematics

MSc/PhD valued

Descripción del empleo

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.

Front Office XVA Quant (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

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 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

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.