Derivative Trader

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.

If you are interested in exploring the possibilities We Want to Talk to You!

Position Summary:

Assist in the development and delivery of exchange traded derivatives (listed options) business by leading the execution of the product line, executing transactions with external providers and assisting Investment Advisors and Private Bankers in the whole value chain of listed options business (from execution followed by lifecycle management until expiry). The job-holder is an integral member of the Capital Markets Team within the Products department who will be an effective team player and assume other responsibilities in other product lines, such as in the execution of listed securities or capital markets (structured products), to make a distinct contribution to the Trading & Capital Markets team’s overall targets. The job-holder will need to manage, prioritize and balance a complex range of financial data and information, a variety of processes and systems, multi-channels, stakeholders, legal and regulatory issues in order to deliver distribution targets and revenue growth.

The Derivatives Trader reports to the Trading & Capital Markets Director.

Position Duties / Responsibilities

• Execute exchange-traded derivatives (listed options) / securities for clients associated to listed options within established risk limits and parameters.
• Ensure compliance for best execution, and trading activity with approved counterparties to ensure that criteria established by Risk Committee is adhere to on an ongoing basis.
• Ensure a high quality execution that complies with all policy and procedural guidelines developed for the function.
• Ensure all activity is compliant with our regulatory status, risk limits & guidelines; and internal requirements.
• Work closely with Risk, Legal, Internal Auditand Regulatory areas to ensure all changes are reviewed and compliant with our regulatory status and internal requirements.
• Identify potential issues and risks and manage effectively, keeping key stakeholders informed.

• Assist in the development of innovative and creative propositions, processes, approaches and incentives to ensure profitable achievement of targets for financial products.
• Use extensive technical knowledge in financial markets and specifically in derivatives to assist in the implementation of listed derivatives strategies.
• Ensure the investment idea pitches / and also proactively position listed options area as a business service for the Investments area and services to plan.
• Ensure that all administrative steps necessary for efficient running the delivery of investment ideas.

• Ensure that regular contact with the salesforce (Portfolio Advisory + AIS) is kept to offer technical advisory assistance during the day via meetings, conferences and other communication channels.
• Gather product and services feedback from the salesforce and incorporates it in the listed options proposition to improve its attractiveness to the target customer sectors accordingly.
• Identify opportunities looking extensively into client's positions book for actively provide listed options strategies tailored made for specific clients.

• Build and maintain internal and external relationships providing efficient execution of trades including client activity.
• Promote automation, reducing operational errors
• Ensure that activity is governed by proper updated policies and procedures.

• Participate and deliver projects assigned or requested by immediate supervisor.
• Other duties as assigned or requested by immediate supervisor.

Education:

Bachelor’s degree required or equivalent experience

Business Experience:

5 - 6 years of relevant experience or demonstrated required level of proficiency

Specialized and/or Technical Knowledge:

• Understanding of financial products, including derivatives.
• Knowledge of banking products (swaps, foreign exchange, interest rate derivatives), cash flows, financial reporting and analysis, management reporting, variance analysis, fixed income and capital markets.
• Relies on extensive experience and judgment to plan and accomplish goals.
• Strong analytical and quantitative skills.
• Good understanding of the banking regulatory environment.
• Strong communication skills, both, written and verbal.
• Flexible and able to work in a fast-paced environment.

Languages:

English & Spanish required.

What Else You Need To Know:

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range:

Minimum:

Maximum:

Risk Culture:

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement:

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions:

Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

Employer Rights:

This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.

What To Do Next:

Review the internal eligibility guidelines here. If this sounds like a role you are interested in, then please apply.

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.