CIB XVA, Vice President

CIB XVA, Vice President Country:
United States of America

It Starts Here:
Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and 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.

The CIB XVA-IC4 provides subject matter expertise in cross-asset XVA pricing, risk management and portfolio optimization. The incumbent supports the pricing and management of CVA, DVA, FVA, MVA and ColVA across derivative transactions, working closely with Trading, Sales, Structuring, Market Risk and XVA Quants. The role contributes to the effective management of the Santander S.A. XVA book and participates in complex analysis, risk management and strategic initiatives.

• Price and assess cross-asset derivative transactions, incorporating relevant XVA components including CVA, DVA, FVA, MVA and ColVA, amongst others.
• Monitor, analyze, risk manage and hedge XVA exposures, including associated market, counter party credit, funding, margin and collateral risks.
• Partner with Trading, Sales and Structuring to evaluate transaction economics, explain XVA impacts and support client activity across products.
• Collaborate with Market Risk, Credit Risk, Finance and other control functions to ensure XVA pricing and risk management are aligned with established risk limits, governance standards and applicable U.S. and European regulatory requirements.
• Partner with XVA Quants to support robust pricing methodologies, model enhancements, scenario analytics and the effective implementation of XVA frameworks.
• Contribute to the globalization of the Santander S.A. XVA book by providing pricing, risk management and hedging capabilities during New York trading hours, primarily supporting U.S. client activity while providing, on an exceptional basis, coverage for European transactions and exposures outside European trading hours.
• Monitor and explain XVA risk and P&L drivers, identify portfolio optimization opportunities, and support informed trading and risk decisions.
• Identify and implement process, analytics and system improvement opportunities, and contribute to the effective use and development of XVA trading and risk infrastructure.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor's Degree:
  Finance, Economics, Mathematics, Engineering, Physics, Computer Science or related quantitative field, or equivalent demonstrated through a combination of work experience, training, military service, or education – Required
• Master's Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education
  - Preferred

• 9+ Years Banking/Financial Services Industry or related field
  - Required.
• Relevant experience in XVA, derivatives trading, structuring, counter party credit risk, market risk, or a closely related Markets function.
• Strong understanding of cross-asset derivatives pricing and risk, including counter party credit, funding, margin and collateral considerations.
• Strong verbal and written communication skills with the ability to interact effectively with Trading, Sales, Structuring, Risk, Quants and other internal and external stakeholders.
• Ability to make effective decisions on complex matters and operate independently in a fast-paced trading environment.
• Excellent analytical, quantitative, organizational and project management skills.
• Ability to adapt and adjust to multiple demands and competing priorities while maintaining a strong control and risk management mindset.
• Results and detail oriented,…