CIB FX eTrading, Vice President

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!

The Difference You Make:
The Rates & FX area is responsible for sales, trading, and other business activities related to currencies. The CIB eTrading-FX will join the Global FX eTrading team in New York and contribute to the research, design, implementation, and continuous improvement of electronic pricing, market-making, execution, and liquidity-management capabilities across FX. The role sits at the intersection of quantitative research, trading, and technology, using market microstructure analysis and data-driven methods to improve client outcomes, trading performance, and the robustness of the eFX platform. The incumbent is expected to combine strong quantitative judgment with practical knowledge of electronic markets, connectivity, and production trading systems, while operating within the Company’s risk, control, compliance, and model-governance frameworks.

• Conduct quantitative research on FX market microstructure, liquidity, price formation, spread dynamics, market impact, fill probability, adverse selection, and venue behavior.
• Develop, calibrate, backtest, and monitor models and signals used in electronic pricing, skewing, hedging, smart order routing, liquidity provision, and algorithmic execution.
• Analyze high-frequency market and transaction data to identify opportunities to improve pricing quality, execution performance, risk-adjusted P&L, client experience, and liquidity capture.
• Partner closely with FX traders to translate market intuition and trading objectives into systematic, measurable, and production-ready eTrading solutions.
• Work with technology teams on the design and evolution of low-latency eFX architecture, market-data pipelines, venue connectivity, order management, and execution workflows.
• Evaluate and optimize connectivity to electronic venues, ECNs, liquidity providers, aggregators, and client channels, including FIX and API-based integrations.
• Build and maintain research tooling, analytics, dashboards, and monitoring for model performance, execution quality, transaction cost analysis, venue quality, and production behavior.
• Perform rigorous model validation, scenario analysis, and post-trade analysis; document assumptions, methodology, limitations, and controls in line with internal governance standards.
• Monitor live strategies and electronic flows, investigate anomalies or performance degradation, and collaborate with Trading and Technology on timely remediation.
• Contribute to the eFX research roadmap by assessing new datasets, quantitative techniques, execution methods, market structure changes, and emerging electronic trading technologies.
• Communicate research findings and recommendations clearly to Trading, Technology, Sales, Risk, Compliance, and other relevant stakeholders.
• Promote disciplined software-development and research practices, including testing, code review, version control, reproducibility, and production monitoring.

What You Bring:
Success in this role requires the following knowledge, skills, and experience. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education:

• Bachelor degree in Mathematics, Statistics, Physics, Computer Science, Engineering, Quantitative Finance, or a related quantitative field - Required
• Master degree or PhD in a quantitative discipline - Preferred

Qualifications:

• 5+ years of relevant experience in eTrading, quantitative research, systematic trading, electronic market making, or a closely related role, preferably within FX - Required.
• Strong knowledge of eFX market structure and electronic trading workflows across FX Spot and relevant derivatives such as Forwards, Swaps, and NDFs.
• Deep understanding of market microstructure concepts including order books, liquidity fragmentation, price discovery, queue dynamics, market impact, adverse selection, latency, and execution quality.
• Strong foundation in probability, statistics, time-series analysis, optimization, numerical methods, and quantitative modeling.
• Hands-on experience researching and backtesting strategies or models using large market-data and transaction datasets.
• Advanced programming skills in Python; proficiency in at least one additional language commonly used in trading environments, such as C++, Java, or q/kdb+, is strongly preferred.
• Experience with SQL, Linux, Git, data pipelines, testing frameworks, and production-quality software development practices.
• Working knowledge of electronic trading connectivity and protocols, including FIX, market-data feeds, APIs, venue/ECN connectivity, order routing, and low-latency system considerations.
• Ability to translate quantitative research into robust production solutions in partnership with traders and technology teams.
• Experience with transaction cost analysis, execution analytics, model monitoring, and performance attribution.
• Strong analytical and problem-solving skills with the ability to form hypotheses, design experiments, interpret noisy data, and communicate conclusions clearly.
• Commercial mindset and understanding of the trade-offs among client pricing, liquidity provision, inventory/risk management, execution quality, and profitability.
• Ability to operate effectively in a fast-paced front-office environment and respond calmly and precisely to live trading or production issues.
• Strong written and verbal communication skills and the ability to collaborate across Trading, Quantitative Research, Technology, Sales, Risk, Compliance, and Model Governance.
• High standards of ownership, intellectual curiosity, attention to detail, and disciplined risk and control awareness.

Certifications:

• No Certifications listed for this job.

It Would Be Nice For You To Have:

• Experience building or improving electronic pricing, auto-hedging, smart order routing, market-making, or algorithmic execution strategies in FX.
• Knowledge of machine learning techniques applied to market microstructure, execution, liquidity prediction, or short-horizon forecasting, with an emphasis on robustness and interpretability.
• Experience with high-frequency or tick-level data, real-time analytics, streaming architectures, and low-latency performance measurement.
• Familiarity with major FX electronic venues, ECNs, aggregators, and institutional client execution channels.
• Understanding of model risk management, electronic trading controls, best execution, and regulatory considerations relevant to algorithmic/electronic trading.

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.