Non-linear Rates Trader, Executive Director

Santander

3d

About The Position

Santander is seeking an Executive Director, Non-linear Rates Trader to join the Rates trading team. The role will focus on building and running the USD rates options business, with primary responsibility for pricing, trading, and risk management across nonlinear products, while covering US clients. The successful candidate will combine strong options trading experience with the ability to drive systems development to enhance pricing, risk, and trade execution capabilities across the desk.

Requirements

• Significant experience trading rates options / nonlinear rates products, with demonstrated ability to run risk and generate P&L.
• Demonstrated systems development capability.
• Strong quantitative intuition and comfort working closely with models and analytics.
• Excellent communication skills and a client-oriented mindset, with experience supporting coverage of US clients.
• Ability to work effectively in a fast-paced trading environment with strong ownership and accountability.

Responsibilities

• Price, quote, and trade USD rates options (nonlinear products), ensuring competitive pricing and disciplined risk-taking.
• Partner with existing USD rates options trading team in Europe to expand coverage of US clients and initiate buildout of a stand-alone nonlinear trading desk in NY
• Partner with Sales and Structuring to support and expand coverage of US clients, driving growth of the USD options franchise.
• Collaborate with global trading partners where needed to support cross-regional risk transfer, product coverage, and market continuity.
• Lead enhancements to desk infrastructure, including pricing tools, risk analytics, market data workflows, and automation.
• Work closely with Quant, Technology, and Risk to improve model implementation, calibration processes, and control environment.
• Ensure adherence to all relevant governance, limits, policies, and regulatory requirements.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 5,001-10,000 employees