Associate​/VP, Credit Repo Trader - SCIB

Associate/VP, Credit Repo Trader | SCIB

Country:
United Kingdom

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

We're seeking an entrepreneurial Credit Repo Trader to help build and develop a dedicated Credit Repo franchise within our global Securities Finance business.

This is not just an execution-trading role, you'll contribute to the growth of the franchise by developing financing relationships, originating business opportunities, expanding short-covering capabilities and helping establish Santander as a financing partner across credit markets.

The role spans Investment Grade, High Yield and Emerging Market credit and combines trading, client engagement and franchise development. You'll work alongside colleagues in London, Madrid and New York, and will help shape the future operating model of Santander's Global Credit Repo business.

This is a unique opportunity for an individual who enjoys learning, building businesses, developing client relationships and creating commercial opportunities rather than simply managing an established trading book.

• Executing repo and reverse repo transactions across Investment Grade, High Yield and Emerging Market securities primarily in hard currency
• Delivering long and short financing solutions to clients and internal trading desks
• Developing solutions for hard-to-borrow and less liquid securities
• Monitoring financing spreads, collateral scarcity and market opportunities

• Developing relationships with hedge funds, asset managers, banks and broker dealers
• Identifying financing opportunities and convert them into sustainable client activity
• Expanding Santander's ability to provide short-covering and financing solutions
• Generating financing ideas and market intelligence for clients and internal stakeholders

• Improving utilisation of credit inventory across desks and regions in follow the sun model
• Supporting internal and external short-cover requirements
• Identifying opportunities to reduce external borrowing costs and improve financing efficiency
• Assisting in optimising balance sheet, collateral and liquidity resources

• Working with Risk, Credit, Treasury, Legal and Compliance to support the continued growth of the Credit Repo franchise
• Supporting the evolution of internal frameworks required to expand Credit Repo activity in a controlled manner
• Contributing ideas that enhance Santander's competitiveness in Credit Repo and financing markets

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

We are seeking a commercially minded markets professional who wants to help build a business rather than simply execute an existing one. The ideal candidate will combine trading expertise with client engagement and commercial initiative.

• Experience in repo, securities finance, fixed income financing, credit trading, prime financing or a related markets activity
• In depth understanding of financing markets and collateralised trading products
• Previous experience of interacting directly with clients and market counter parties
• Excellent knowledge of risk management and market…