CIB XVA, Vice President

Santander Consumer USA Inc.; New York (NY); On-site; USD 150,000 - 210,000; Full time

Job summary

Santander Consumer USA Inc. is seeking a seasoned XVA-IC4 professional to provide subject matter expertise in cross-asset XVA pricing, risk management and portfolio optimization for derivative transactions.

The role involves pricing CVA, DVA, FVA, MVA and ColVA, and collaborating with Trading, Sales, Structuring, Market Risk and XVA Quants. The incumbent will monitor XVA exposures, hedge risks, and ensure alignment with risk limits and regulatory standards, while supporting global XVA

Qualifications

• XVA pricing and risk management knowledge
• Cross-asset derivative experience
• Strong analytical and modeling skills
• Collaboration with Trading, Sales, Structuring and Risk teams

Responsibilities

• Price and assess cross-asset derivative transactions with CVA, DVA, FVA, MVA, ColVA
• Monitor, analyze, and hedge XVA exposures and associated risks
• Explain XVA impacts and support client activity with Trading and Structuring
• Ensure pricing and risk management align with risk limits and governance standards
• Collaborate with XVA Quants on pricing methodologies and model enhancements
• Provide pricing and hedging support during New York trading hours for US clients

Job description

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.

If you are interested in exploring the possibilities

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