Global Head of FX Forwards

Global Head of FX Forwards

Country:
Spain

Santander () is evolving from a global, high-impact brand into a technology-driven organization , and our people are at the heart of this journey.
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
.

Our mission is to contribute to help more people and businesses prosper
. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

Santander Corporate & Investment Banking (Santander CIB) is Santander’s global division that supports some of the world’s most complex and sophisticated corporate and institutional clients, offering customized services and value‑added wholesale products to best meet their needs.

Santander Corporate & Investment Banking (Santander CIB) is looking for a Global Head of FX Forwards based out of Madrid/London.

The Global Head of FX Forwards will lead the strategic development and growth of the global FX Forwards business, driving commercial performance across client segments while optimizing the use of the bank’s balance sheet. The role requires a strong technical background in FX and STIR products, combined with leadership capabilities, strategic vision, and the ability to build high‑performing global teams.

• Define and execute the global growth strategy for the FX Forwards business.
• Drive revenue growth through efficient balance sheet deployment and client expansion across segments and geographies.
• Lead the commercial positioning of FX Forwards solutions across the franchise.
• Partner closely with Trading, Sales, Treasury, Risk, and XVA teams to optimize funding, liquidity, and capital usage.
• Strengthen the bank’s market positioning in FX and STIR products.
• Develop and mentor global teams, fostering a collaborative and high‑performance culture.
• Build strong relationships with key internal and external stakeholders.
• Ensure strong governance, risk management, and regulatory compliance standards.

Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organization. We’re enabling teams to go beyond by valuing who they are and empowering what they bring.

• Minimum 7–8 years of experience in a relevant tier‑one banking institution.
• Extensive experience within Global Markets with deep expertise in FX and STIR products.
• Proven track record managing and growing a global FX or Markets business.
• Experience leading international teams in complex and regulated environments.

• Degree in Finance, Economics, Engineering, Mathematics, or related disciplines.
• Postgraduate qualification or MBA (Preferred).

• English fluent written and spoken.
• Spanish and any other additional languages are a plus.

• Strong technical knowledge of FX products, STIR products, and funding dynamics.
• Understanding of balance sheet optimization, liquidity, capital, and XVA considerations.
• Strong analytical and strategic capabilities.

• Strong communication and stakeholder management skills.
• Leadership and team development capabilities.
• Strategic mindset with strong execution focus.

Your contribution matters, and it’s recognized. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver. But we know rewards go beyond numbers.

• We’re enabling our teams to go beyond through global opportunities and broad career paths.
• Learning for life. Access hundreds of courses on our platforms, including exclusive access to our global learning space:
  Santander Open Academy ().
• Competitive rewards. Receive a highly competitive salary with performance‑based bonuses, motivating you to keep growing with us.
• Financial advantages. Benefit from preferential banking terms, special interest rates on loans,…