Santander
Finance
XVATraderAssociate
Neural analysis suggests this role is
optimal for Mid candidates.
“XVA Trader Associate at Santander. Skills: XVA Trading, OTC derivatives valuation, Market risk management, Counterparty credit risk, Funding risk. Daily calculation, analysis, and monitoring of valuation adjustments (CVA, DVA, FVA, ColVA, MVA) on OTC derivatives portfolios.. Management and hedging of market risk associated with counterparty credit risk and funding risk exposures (Credit Risk, Interest Rate Risk, FX, etc.).”
Industry & Context.
analytical skills
What They're Looking For.
Must Have
4 - 5 years of Front Office experience in trading or structuring roles, Bachelor’s degree in Mathematics, Physics, Engineering, Economics, Business Administration, or related quantitative disciplines, English (able to conduct professional-level conversations), Knowledge of financial derivatives valuation models
Nice to Have
Previous experience in XVA Trading, options, exotic or hybrid trading, or Structuring, Previous experience in pricing and risk management of OTC derivative products (IR, FX, Credit, or Equity), Master’s degree in Quantitative Finance, Financial Engineering, or similar, Spanish, Basic programming skills in Python and VBA
What You'll Do.
and monitoring of valuation adjustments (CVA
MVA) on OTC derivatives portfolios.
Management and hedging of market risk associated with counterparty credit risk and funding risk exposures (Credit Risk
Quoting of client transactions
incorporating XVA impacts into pricing.
Analysis of daily P&L results
explanation of variances vs. expected
and support for daily risk processes.
Participation in the development
and automation of XVA pricing and reporting tools.
Monitoring of regulatory and capital metrics related to XVA.
Optimization of collateral asset portfolios
including funding costs
Design and pricing of bespoke products to meet the demand from our client base
How You'll Work.
Team & Collaboration
Continuous interaction with other Trading desks, Sales, Structuring, Risk, Finance, and Technology teams to ensure the correct implementation and ongoing improvement of valuation, pricing, and risk management models and processes.
Communication Scope
clearly communicate complex ideas
Full Job Description
XVA Trader Associate Country: Spain **IT STARTS HERE** Santander ([www.santander.com](http://www.santander.com)) is evolving from **a global, high-impact brand** into a **technology-driven organization** , and our people are at the heart of this journey. **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**. Our mission is to contribute to help more **people and businesses prosper**. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management. **Santander Corporate & Investment Banking (Santander CIB)** is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customized services and value-added wholesale products to best meet their needs. **THE DIFFERENCE YOU MAKE** **SCIB** is looking for a **XVA Trader** based out of **Madrid (Spain).** We’re **shaping the way we work** through innovation, cutting-edge technology, collaboration and the freedom to explore new ideas. To succeed in this role, you will be responsible for: * Daily calculation, analysis, and monitoring of valuation adjustments (CVA, DVA, FVA, ColVA, MVA) on OTC derivatives portfolios. * Management and hedging of market risk associated with counterparty credit risk and funding risk exposures (Credit Risk, Interest Rate Risk, FX, etc.). * Quoting of client transactions, incorporating XVA impacts into pricing. * Continuous interaction with other Trading desks, Sales, Structuring, Risk, Finance, and Technology teams to ensure the correct implementation and ongoing improvement of valuation, pricing, and risk management models and processes. * Analysis of daily P&L results, explanation of variances vs
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