CIB XVA, Vice President

Banco Santander SA; New York (NY); On-site; USD 190,000 - 240,000; Full time

Benefits offered by this job

Santander Benefits

Job summary

Santander is seeking a high-level XVA expert to join CIB XVA-IC4 in the United States. You will price and manage XVA for cross-asset derivatives, coordinating with Trading, Sales, and Structuring to ensure accurate economics and robust risk controls.

The role emphasizes collaboration with risk teams, model development with quants, and coverage during US trading hours, with potential Europe exposure as needed.

Qualifications

• Bachelor's degree in finance, economics, math or related quantitative field; required
• Master's degree preferred
• 9+ years in banking/financial services or related field

Responsibilities

• Price and assess cross-asset derivative transactions with XVA components (CVA, DVA, FVA, MVA, ColVA).
• Monitor, analyze and hedge XVA exposures and related risks.
• Collaborate with Trading, Sales and Structuring to evaluate economics and support client activity.
• Ensure pricing and risk management align with risk limits and regulations.
• Support robust pricing methodologies and model enhancements with XVA quants.

Skills

XVA pricing

Risk management

Derivatives knowledge

Python

Education

Bachelor's Degree: Finance, Economics, Mathematics, Engineering, Physics, Computer Science or related quantitative field

Master's Degree: in related field

Tools

Murex

Sigma/Windfall

Bloomberg

Excel

Job description

CIB XVA, Vice President Country: United States of America

It Starts Here: Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and 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.

The Difference You Make:

The CIB XVA-IC4 provides subject matter expertise in cross-asset XVA pricing, risk management and portfolio optimization. The incumbent supports the pricing and management of CVA, DVA, FVA, MVA and ColVA across derivative transactions, working closely with Trading, Sales, Structuring, Market Risk and XVA Quants. The role contributes to the effective management of the Santander S.A. XVA book and participates in complex analysis, risk management and strategic initiatives.

• Price and assess cross-asset derivative transactions, incorporating relevant XVA components including CVA, DVA, FVA, MVA and ColVA, amongst others.
• Monitor, analyze, risk manage and hedge XVA exposures, including associated market, counterparty credit, funding, margin and collateral risks.
• Partner with Trading, Sales and Structuring to evaluate transaction economics, explain XVA impacts and support client activity across products.
• Collaborate with Market Risk, Credit Risk, Finance and other control functions to ensure XVA pricing and risk management are aligned with established risk limits, governance standards and applicable U.S. and European regulatory requirements.
• Partner with XVA Quants to support robust pricing methodologies, model enhancements, scenario analytics and the effective implementation of XVA frameworks.
• Contribute to the globalization of the Santander S.A. XVA book by providing pricing, risk management and hedging capabilities during New York trading hours, primarily supporting U.S. client activity while providing, on an exceptional basis, coverage for European transactions and exposures outside European trading hours.
• Monitor and explain XVA risk and P&L drivers, identify portfolio optimization opportunities, and support informed trading and risk decisions.
• Identify and implement process, analytics and system improvement opportunities, and contribute to the effective use and development of XVA trading and risk infrastructure.

What You Bring:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education:

• Bachelor's Degree: Finance, Economics, Mathematics, Engineering, Physics, Computer Science or related quantitative field, or equivalent demonstrated through a combination of work experience, training, military service, or education – Required
• Master's Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education - Preferred

Preferred Qualifications:

• 9+ Years Banking/Financial Services Industry or related field - Required.
• Relevant experience in XVA, derivatives trading, structuring, counterparty credit risk, market risk, or a closely related Markets function.
• Strong understanding of cross-asset derivatives pricing and risk, including counterparty credit, funding, margin and collateral considerations.
• Strong verbal and written communication skills with the ability to interact effectively with Trading, Sales, Structuring, Risk, Quants and other internal and external stakeholders.
• Ability to make effective decisions on complex matters and operate independently in a fast-paced trading environment.
• Excellent analytical, quantitative, organizational and project management skills.
• Ability to adapt and adjust to multiple demands and competing priorities while maintaining a strong control and risk management mindset.
• Results and detail oriented, with the ability to research, organize and analyze complex financial and risk data.
• Experience with Murex, Sigma/Windfall, Bloomberg and advanced MS Excel.

Certifications:

No Certifications listed for this job.

It Would Be Nice For You To Have:

• Prior XVA experience, cross-asset derivatives knowledge, experience working across global trading desks and time zones, and proficiency in Python or another programming language is a plus, but not required.

What Else You Need To Know:

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range: Minimum: $190,000.00 USD Maximum: $240,000.00 USD

We Value Your Impact:

Your contribution matters and it’s recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future.

• Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com)

Risk Culture:

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement:

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions:

Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

Employer Rights:

This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.

The Santander Effect

Our work touches 140 million lives every day. How? By always innovating, sharing our experiences, questioning how we do things and adapting to new challenges. As we keep reinventing ourselves for the digital age, you’ll find that with us, even your smallest action will have a massive impact. That’s the Santander Effect.