Vice President - FX Structuring | SCIB

Vice President – FX Structuring (UK)

Risk Solutions Group will focus primarily on sophisticated institutional clients, including banks, asset managers, pension funds, insurers, hedge funds, supra nationals, private capital investors and other financial institutions. As Vice President within the Risk Solutions Group you’ll perform an FX and Macro Structuring role focused on delivering bespoke risk management, investment and financing solutions to corporate and institutional clients. You’ll provide structuring expertise, pricing support, trade analytics and solution development across UK, European and Americas client franchises in partnership with Sales teams and wider Global Markets stakeholders.

• Originating, structuring and supporting the execution of FX and macro risk management strategies for a defined portfolio of institutional and corporate clients.
• Developing tailored hedging, investment, yield enhancement and capital‑efficient solutions across FX spot, forwards, swaps, vanilla options, structured FX derivatives and selected cross‑asset solutions.
• Producing high‑quality generic and bespoke client presentations, trade ideas and transaction proposals.
• Delivering pricing analysis, trade analytics, payoff modelling and risk scenario analysis to support client transactions.
• Supporting the full transaction lifecycle, including idea generation, pricing coordination, approvals, documentation, execution and post‑trade monitoring.
• Monitoring existing transactions to identify restructuring, unwind, extension, collateral optimisation or hedging adjustment opportunities.
• Building and strengthening client relationships through market insight, structuring expertise and proactive idea generation.
• Working closely with internal stakeholders including Sales, Trading, Research, Bankers, DCM, Legal, Credit Risk, Compliance, XVA, Middle Office and Operations.
• Collaborating across regional teams in Europe, Lat Am and other international markets to support cross‑border client activity.
• Developing solutions that consider the specific accounting, regulatory, capital and liquidity constraints of different client segments (Basel/CRR, RWA, leverage ratio and liquidity considerations for banks;
  Solvency II, ALM, matching adjustment and capital efficiency considerations for insurers; liability‑driven investment, collateral management, governance and funding ratio considerations for pension funds).
• Supporting adherence to applicable regulatory requirements including MiFID, EMIR, product governance, clearing, margining, reporting and ISDA/CSA frameworks.
• Contributing to the continued growth and positioning of Santander Global Banking & Markets as a leading FX and macro solutions provider.

• Previous experience in a similar position within investment banking.
• Detailed knowledge of the full IR and FX derivatives product suite as well as pricing theory, valuation methodologies and XVA concepts.
• Knowledge of institutional regulatory frameworks, including MiFID, EMIR, product governance, clearing, margining, reporting and ISDA/CSA documentation.
• Understanding of Counter party Credit risk and Regulatory Capital Consumption.
• Excellent quantitative understanding of derivatives pricing, volatility, Greeks, payoff construction, hedging dynamics and risk sensitivities.
• Educated to degree level or equivalent in a quantitative subject.
• Completed CISI modules.
• Well‑developed communication and stakeholder management skills with the ability to explain complex concepts clearly to clients and internal stakeholders.
• Excellent analytical and quantitative problem‑solving capabilities.
• Ability to manage multiple work streams and transactions in a fast‑paced environment.
• Experience building and interpreting scenario analysis, stress testing, payoff modelling, back‑testing and relative value analysis.
• Detailed knowledge of Corporate Finance and typical DCM transactions.
• Knowledge of IAS/IFRS accounting principles relevant to derivatives and hedging strategies.
• Programming or technical skills in VBA, Python or similar tools for analytics, automation and data analysis.
• Additional language skills, particularly Spanish, French, Italian, German or…