Head of Market Risk for US Credit Trading, Executive Director
Country: United States of America
It Starts With You
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
CIB Market Risk is responsible for defining and establishing a Market Risk management framework for the corporate and investment bank. It ensures identification, measurement and monitoring of market risk to control risk taking, support senior management and ensure compliance with regulatory requirements.
The responsibilities of the Head of Market Risk for US Credit Trading, Executive Director (reporting to the US Head of Market Risk and CRO of Santander Capital) include:
•Market Risk Management for trading of:
•All credit products traded in the US which include IG corporates, HY corporates, Leveraged Loans and Emerging Markets bonds (cash and derivatives).
•Hybrid credit products such as convertibles and XVA.
•Market Risk Management for underwriting of corporate bonds and convertibles in the US.
•Management of new product onboarding and applicable policies & procedures.
•Management of infrastructure projects supporting the credit business.
•Management of relationships with US and European regulators (e.g., management of regulatory audits of the above businesses).
•Management of (regulatory) projects (e.g., FRTB US, GMS) applicable to the credit trading businesses.
•Implementation of AI tools.
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 (Business/Finance or Engineering/Computer Science) - Required.
•Graduate degree in a quantitative field preferred.
Qualifications:
•12+ Years Risk Management/Controls - Required.
•In-depth understanding of (hybrid) credit products (cash and derivatives) as well as common hedging instruments used for those products (e.g., rates, equity)
•Ability to advise trading desks on risk taking/mitigation and (regulatory) capital usage.
•Strong cross-functional expertise (e.g., Finance, Model Risk Management, Technology).
•Solid knowledge of regulatory standards, market risk methodologies (e.g., VaR/SVAR, ES, CCAR, stress testing) and analytics used by Cat III firms (e.g., GMS).
•Solid quantitative skills (e.g., statistics, probability theory, derivatives valuation).
•Superior verbal and written communication skills including the ability to tailor a message to the relevant audience (e.g., trading desk, senior management, regulators, quantitative developers).
•Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across businesses, functions, geographies and lines of defense.
•Basic knowledge of AI tools (e.g., ChatGPT, Microsoft Copilot).
Certifications:
•No Certifications listed for this job.
It Would Be Nice For You To Have
•Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.
Work Authorization & Sponsorship
Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.
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: $240,000.00 USD
Maximum: $300,000.00 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.
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.
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.
