Non Linear Rates Quant

Santander; Boadilla del Monte; Híbrido; EUR 50.000 - 70.000; Jornada completa

Descripción de la vacante

A leading global bank is seeking a Non-Linear Rates Quant for their Front Office team in Madrid. The role focuses on developing pricing models and quantitative tools to support trading operations. Candidates should have a Bachelor’s degree in a quantitative field, proficiency in Python and C++, and a strong understanding of financial markets. This position offers a hybrid working model with opportunities for professional growth and competitive rewards.

Servicios

Hybrid working model

Competitive salary and performance bonuses

Childcare support

Gym/WellHub membership

Medical centres and meal subsidies

Access to global learning platforms

Formación

• Minimum years of experience in financial markets (Required).
• Fluent in English (Required).
• Proficiency in computer programming languages such as Python and C++ (Required).
• Basic knowledge of fixed income derivatives (Required).
• Understanding of options pricing theory and quantitative models (Required).
• Excellent communication skills and ability to explain technical results (Required).

Responsabilidades

• Develop pricing models and support trading operations.
• Contribute to design and implementation of pricing libraries.
• Develop market-making tools for trading desks.
• Refine existing quantitative frameworks and tools.
• Write mathematical and technical documentation.
• Support Trading, Sales, and Risk areas.

Conocimientos

Python

C++

Fixed income derivatives

Options pricing theory

Quantitative models

Critical thinking

Communication skills

Educación

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

MSc or PhD in a quantitative discipline

Descripción del empleo

Non Linear Rates QuantCountry : Spain

IT STARTS HERE

Santander () 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 King.

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:

• 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

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 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

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.
• 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 ()
• 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 centres 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