VP, Global XVA & Derivatives Pricing

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

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.