Associate – Traded Market Risk | SCIB

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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.

The Risk Function enables the business to harness the opportunities of effective risk management through embracing the Bank’s desired risk culture and risk appetite. Our approach to risk management supports entrepreneurialism, technical and digital innovation and change, as well as promoting continuous learning and advancement in risk management expertise.

As an associate in the team, you’ll help provide second line of defence oversight, review and challenge of Traded Market risk activities. You’ll identify, review and challenge Market Risk to ensure that all risk categories are managed in accordance with approved risk limits and risk appetite.

If you’ve performed a similar role previously, this could be the perfect opportunity to develop your career.

The difference you’ll make:

• Capturing, analysing, monitoring and controlling Traded Market Risks (TMR)

• Identifying Market Risks and ensuring that the risks are properly managed and mitigated

• Review and challenge desk risk positions, trading strategies and limit breaches

• Investigate drivers of P&L and risk moves

• Support the escalation and remediation of limit excesses

• Partner with Front Office to understand products, strategies and risk factors

• Collaborating with the Risk and P&L reporting teams based in Madrid

• Developing and providing TMR risk dashboards, aggregate risk reports, and other related reporting to executive management, committees, and regulators.

• Representing TMR as well as creating and gathering materials for local, group, regulatory and any other periodic fora ensuring timely and accurate production

What you’ll bring:

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.

The following requirements represent the knowledge, skills, and abilities essential for success in this role.

• Experience in Market Risk, Trading Risk, Risk Control or related Front Office or Risk function

• Knowledge of trading products including Interest Rates, Structured Credit, FX, Securities Financing and XVA

• Educated to Degree level, or equivalent, in a relevant subject such as Engineering, Economics, Science or Mathematics

• Excellent written and verbal communication

• Well-developed analytical and quantitative skills with the ability to interpret complex data

It would also be nice for you to have:

• Strong judgement, attention to detail and ability to work under pressure and to tight deadlines

• Excellent coding skills particularly in Python

• Relevant professional qualification such as CFA or equivalent

• Knowledge of Counterparty Credit Risk concepts (CCR)

What else you need to know:

This role is based at our offices in Triton Square, London located within easy walking distance from Warren Street and Euston.

We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop.

Equal Opportunities.

Santander is proud of being an organization where there are equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation. We are committed to providing an inclusive and accessible application process for all candidates.

How we’ll reward you.

Your contribution matters, and it’s recognised. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver.

As well as a salary, we offer a wide range of benefits that you can choose from and tailor to your needs. 

• Eligible for a discretionary performance-related annual bonus.

• We put 8% of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.

• 27 days’ holiday plus bank holidays, which increases to 28 days after 5yrs service, with the option to purchase up to 5 contractual days per year.

• Free access to a range of digital health services, including GP.

• Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.

• 24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more. 

• Company funded individual private medical insurance.

• Voluntary healthcare benefits at discounted rates such as, dental insurance, and health assessments.

• Share in Santander’s success by saving or investing in our share plans.

• Support your favourite causes through charitable giving and our community partnerships.

Learn more about our benefits and family friendly policies

What to do next:-

If this sounds like a role you’re interested in, then please apply.