Head of Market Risk for US Credit Trading, Executive Director

The Role

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.

Responsibilities

• 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.

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).
• Able 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).

Additional Information

Education: Bachelor's Degree (Business/Finance or Engineering/Computer Science) - Required. Graduate degree in a quantitative field preferred.

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.

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.

What To Do Next: If this sounds like a role you are interested in, then please apply.

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.