XVA Trading Specialist
Country: Spain
IT STARTS HERE
Santander (

) 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 general 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. expected, and support for daily risk processes.
Participation in the development, enhancement, 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, capital usage, and liquidity.
Design and pricing of bespoke products to meet the demand from our client bas
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 organization. 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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Professional Experience
1–4 years of Front Office experience in trading or structuring roles (Mandatory).
Previous experience in XVA Trading, options, exotic or hybrid trading, or Structuring (Preferred).
Previous experience in pricing and risk management of OTC derivative products (IR, FX, Credit,



or Equity) (Preferred).
Education
Bachelor's degree in Mathematics, Physics, Engineering, Economics, Business Administration, or related quantitative disciplines (Mandatory).
Master's degree in Quantitative Finance, Financial Engineering, or similar (Preferred).
Languages
English (able to conduct professional-level conversations) (Mandatory).
Spanish (Preferred).
Hard Skills
Knowledge of financial derivatives valuation models (Mandatory).
Basic programming skills in Python and VBA (Preferred).
Soft Skills
Strong analytical skills, attention to detail, and results-driven mindset.
Ability to work effectively in teams, clearly communicate complex ideas, and collaborate in multidisciplinary environments.
Highly motivated to learn and take on new challenges.
WE VALUE YOUR IMPACT
Your contribution matters
, and it's recognized. You can expect a fair, competitive reward package that reflects
the impact you create
and the value you deliver. But we know rewards go beyond numbers.
We're
enable our teams to go beyond
through global opportunities and broad career paths.
Learning for life
. Access hundreds of courses on our platforms, including exclusive access to our global learning space:
Santander
Open Academy
()
Competitive rewards. Receive a
highly competitive salary with performance-based bonuses,
motivating you to keep growing with us.
Financial advantages. Benefit from
preferential banking terms, special interest rates
on loans, life insurance, and more.
Your health is our priority. Through
BeHealthy,
our global wellness programme, we promote
Holistic wellbeing.
We kn

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