Head of Market Risk for US Credit Trading, Executive Director

Santander

4d • $240,000 - $300,000

About The Position

CIB Market Risk defines and establishes the Market Risk management framework for the corporate and investment bank. It identifies, measures, and monitors market risk to control risk taking, support senior management, and ensure compliance with regulatory requirements.

The Head of Market Risk for US Credit Trading leads market risk management for US credit trading and underwriting activities, including credit products, hybrid products, onboarding and policy matters, infrastructure, regulatory relationships, regulatory projects, and implementation of AI tools. The role reports to the US Head of Market Risk and CRO of Santander Capital.

Requirements

• Bachelor's degree in Business, Finance, Engineering, or Computer Science.
• 12 or more years of risk management or controls experience.
• In-depth understanding of cash and derivative credit products, including hybrid products, and common hedging instruments such as rates and equity.
• Ability to advise trading desks on risk taking, risk mitigation, and regulatory capital usage.
• Cross-functional expertise, including Finance, Model Risk Management, and Technology.
• Knowledge of regulatory standards, market risk methodologies such as VaR/SVaR, expected shortfall, CCAR, and stress testing, and analytics used by Category III firms such as GMS.
• Quantitative skills, including statistics, probability theory, and derivatives valuation.
• Superior verbal and written communication skills, including the ability to tailor messages to trading desks, senior management, regulators, and quantitative developers.
• Ability to work independently in a complex, matrixed environment and maintain productive working relationships across businesses, functions, geographies, and lines of defense.
• Basic knowledge of AI tools such as ChatGPT and Microsoft Copilot.
• Legally authorized to work in the United States full-time without employer sponsorship to commence employment.

Nice To Haves

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

Responsibilities

• Manage market risk for US trading of investment-grade and high-yield corporates, leveraged loans, and emerging-markets bonds, including cash products and derivatives.
• Manage market risk for hybrid credit products such as convertibles and XVA.
• Manage market risk for US underwriting of corporate bonds and convertibles.
• Manage new product onboarding and applicable policies and procedures.
• Manage infrastructure projects supporting the credit business.
• Manage relationships with US and European regulators, including regulatory audits of the relevant businesses.
• Manage regulatory projects applicable to credit trading businesses, such as FRTB US and GMS.
• Implement AI tools.

Benefits

• The company describes its rewards package as including benefits intended to support employees, their families, and their well-being, but does not specify individual benefits in the posting.

What This Job Offers

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