CIB XVA, Vice President

Banco Santander SA; United States; On-site; USD 190,000 - 240,000; Full time

Job summary

Santander seeks a senior XVA professional to price and manage cross-asset derivative transactions and XVA components, including CVA/DVA/FVA/MVA. You will hedge exposures, collaborate with Trading, Sales and Structuring, and ensure pricing aligns with risk limits across global desks.

The role requires 9+ years in banking, strong quantitative skills, and experience with Murex, Bloomberg and Excel. Expect a results-driven, fast-paced environment in the U.S.

Qualifications

• Bachelor's degree in a quantitative field or equivalent
• Master's degree in related field or equivalent
• 9+ years in banking/financial services or related field
• Experience in XVA, derivatives trading, structuring, counterparty credit risk, market risk or related function
• Strong understanding of cross-asset derivatives pricing and risk including funding, margin and collateral
• Strong verbal and written communication skills with internal/external stakeholders
• Ability to make effective decisions in a fast-paced trading environment
• Analytical, quantitative, organizational and project management skills
• Experience with Murex, Sigma/Windfall, Bloomberg and advanced MS Excel

Responsibilities

• Price and assess cross-asset derivative transactions with XVA components
• Monitor, analyze, risk manage and hedge XVA exposures
• Partner with Trading, Sales and Structuring to evaluate economics and support client activity
• Collaborate with Market Risk, Credit Risk, Finance and control functions to ensure pricing aligns with risk limits
• Partner with XVA Quants to support pricing methodologies and model enhancements
• Contribute to the globalization of the XVA book by providing pricing and hedging during NY trading hours
• Monitor and explain XVA risk and P&L drivers and identify optimization opportunities
• Identify and implement process and system improvement opportunities

Skills

XVA pricing

Derivatives risk

Cross‑asset pricing

Communication skills

Independent decision making

Programming (Python)

Education

Bachelor's degree: Finance/Economics/Math/Engineering/Physics/CS

Master's degree in related field

Tools

Murex

Sigma/Windfall

Bloomberg

Excel advanced

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. If you are interested in exploring the possibilities We Want to Talk to You!

The Difference You Make:

• 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:

• 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 – Required
• 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 – Required
• Strong understanding of cross‑asset derivatives pricing and risk, including counterparty credit, funding, margin and collateral considerations – Required
• Strong verbal and written communication skills with the ability to interact effectively with Trading, Sales, Structuring, Risk, Quants and other internal and external stakeholders – Required
• Ability to make effective decisions on complex matters and operate independently in a fast‑paced trading environment – Required
• Excellent analytical, quantitative, organizational and project management skills – Required
• Ability to adapt and adjust to multiple demands and competing priorities while maintaining a strong control and risk management mindset – Required
• Results and detail oriented, with the ability to research, organize and analyze complex financial and risk data – Required
• Experience with Murex, Sigma/Windfall, Bloomberg and advanced MS Excel – Required
• Certifications: No Certifications listed for this job – No requirement

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:

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

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.

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 on 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 WaySantander 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. Ready to make it happen? It starts with you. It starts here.