Head of Market Risk for US Credit Trading, Executive Director

Santander

7d • $240,000 - $300,000 • Onsite

About The Position

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.

Requirements

• Bachelor's Degree (Business/Finance or Engineering/Computer Science) - Required.
• 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).

Nice To Haves

• Graduate degree in a quantitative field preferred.
• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

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.

Benefits

• A fair and competitive rewards package that reflects the impact you create and the value you deliver.
• Benefits are designed to support you, your family and your well-being, now and into the future.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive