Non-linear Rates Trader, Executive Director - CIB
Santander, New York, NY, United States
Non-linear Rates Trader, Executive Director - CIB
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. Role Overview
Santander is seeking an Executive Director, Non-linear Rates Trader to join the Rates trading team within Santander's U.S. Corporate Investment Banking. The role will focus on building and running the USD rates options business, with primary responsibility for pricing, trading, and risk management across nonlinear products, while covering US clients. The successful candidate will combine strong options trading experience with the ability to drive systems development to enhance pricing, risk, and trade execution capabilities across the desk. Responsibilities
Price, quote, and trade USD rates options (nonlinear products), ensuring competitive pricing and disciplined risk-taking. Partner with existing USD rates options trading team in Europe to expand coverage of US clients and initiate buildout of a stand-alone nonlinear trading desk in NY Partner with Sales and Structuring to support and expand coverage of US clients, driving growth of the USD options franchise. Collaborate with global trading partners where needed to support cross-regional risk transfer, product coverage, and market continuity. Lead enhancements to desk infrastructure, including pricing tools, risk analytics, market data workflows, and automation. Work closely with Quant, Technology, and Risk to improve model implementation, calibration processes, and control environment. Ensure adherence to all relevant governance, limits, policies, and regulatory requirements. Qualifications
Significant experience trading rates options / nonlinear rates products, with demonstrated ability to run risk and generate P&L. Demonstrated systems development capability. Strong quantitative intuition and comfort working closely with models and analytics. Excellent communication skills and a client-oriented mindset, with experience supporting coverage of US clients. Ability to work effectively in a fast-paced trading environment with strong ownership and accountability. Education
Bachelor's degree or equivalent work experience FINRA Certificates Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. 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. 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. 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. 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. 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. 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.
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. Role Overview
Santander is seeking an Executive Director, Non-linear Rates Trader to join the Rates trading team within Santander's U.S. Corporate Investment Banking. The role will focus on building and running the USD rates options business, with primary responsibility for pricing, trading, and risk management across nonlinear products, while covering US clients. The successful candidate will combine strong options trading experience with the ability to drive systems development to enhance pricing, risk, and trade execution capabilities across the desk. Responsibilities
Price, quote, and trade USD rates options (nonlinear products), ensuring competitive pricing and disciplined risk-taking. Partner with existing USD rates options trading team in Europe to expand coverage of US clients and initiate buildout of a stand-alone nonlinear trading desk in NY Partner with Sales and Structuring to support and expand coverage of US clients, driving growth of the USD options franchise. Collaborate with global trading partners where needed to support cross-regional risk transfer, product coverage, and market continuity. Lead enhancements to desk infrastructure, including pricing tools, risk analytics, market data workflows, and automation. Work closely with Quant, Technology, and Risk to improve model implementation, calibration processes, and control environment. Ensure adherence to all relevant governance, limits, policies, and regulatory requirements. Qualifications
Significant experience trading rates options / nonlinear rates products, with demonstrated ability to run risk and generate P&L. Demonstrated systems development capability. Strong quantitative intuition and comfort working closely with models and analytics. Excellent communication skills and a client-oriented mindset, with experience supporting coverage of US clients. Ability to work effectively in a fast-paced trading environment with strong ownership and accountability. Education
Bachelor's degree or equivalent work experience FINRA Certificates Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. 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. 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. 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. 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. 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. 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.