Non Linear Rates Quant

Santander USA; Boadilla del Monte; Híbrido; EUR 60.000 - 90.000; Jornada completa

Descripción de la vacante

A leading financial services provider in Spain is seeking a Non-Linear Rates Quant to enhance pricing models for interest rate volatility. This role involves collaboration with global trading teams and offers opportunities to contribute to innovative solutions in finance. The ideal candidate will have a background in financial markets and proficiency in programming languages like Python and C++. A competitive salary and hybrid working options are included.

Servicios

Hybrid working model

Access to learning platforms

Performance-based bonuses

Preferential banking terms

Wellness programs

Childcare support

Gym membership

Meal subsidies

Formación

• Minimum 2 years of experience in financial markets.
• Understanding of options pricing theory and quantitative models.
• Experience with fixed income derivatives.

Responsabilidades

• Contribute to design and implement pricing and risk libraries.
• Develop trading tools for the Front Office.
• Maintain and improve quantitative testing processes.

Conocimientos

Proficiency in Python

Proficiency in C++

Fluent English

Critical thinking

Educación

Bachelor’s degree in Engineering, Physics, Mathematics, or similar

MSc and/or PhD in a quantitative discipline

Herramientas

Mathematical modeling software

Descripción del empleo

Overview

Non Linear Rates Quant 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 We are thrilled to offer an exciting opportunity within our Front Office Non-Linear Rates Quant team, where we focus on developing pricing models and supporting Front Office trading operations with quantitative tools for our Structuring and Trading teams. As a member of the Non-Linear Rates Quants team, your primary focus will be on developing, extending, and maintaining pricing libraries for interest rate volatility models, ranging from vanillas to complex exotics. This role offers the chance to work as part of a global team, supporting desks in Madrid, London, Mexico, New York, and Hong Kong. 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:

Responsibilities

• Actively contribute to the design and implementation of our pricing and risk libraries, both in mathematical modeling and implementation.
• Develop pricing, risk management, and market-making tools for our trading desks.
• Refine existing quantitative frameworks and tools to meet the highest quality standards.
• Develop, improve, and maintain the testing process in our quantitative libraries and tools.
• Write mathematical and technical documentation to internal stakeholders.
• Support Trading, Sales, and Risk areas.

What you’ll bring (Qualifications)

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 years of experience in financial markets (Required)

Education

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

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

Languages

• Fluent English (Required)

Hard Skills

• Proficiency in computer programming languages such as Python and C++.(Required)

• Basic knowledge of fixed income derivatives.(Required)

• Understanding of options pricing theory, quantitative models, and probability theory.(Required)

• Critical thinking, able to break down complex problems, test assumptions, and design creative solutions.(Required)
• Excellent written and verbal communication skills, including the ability to explain technical results to non-technical stakeholders.(Required)
• Work alongside world-class quants in a supportive, innovative environment with a hands-on approach to work.

We value your impact

• We’re enable our teams to go beyond through global opportunities and broad career paths.
• Flexibility that works. Enjoy a hybrid working models—some days remote, some days onsite with your team—along with flexible hours.
• 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?

#SCIB