Santander Bankposted 13 days ago
$150,000 - $275,000/Yr
Full-time • Mid Level
New York, NY
Credit Intermediation and Related Activities

About the position

Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success. An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You! First line of defense "ETD Risk Product Specialist" - ETD - IC4 is responsible for managing cleared derivatives risk opportunities, focusing on client cleared derivatives activity, risk identification, and mitigation strategies, as well as capital liquidity management. S/he will be responsible for assessing and mitigating risks associated with cleared derivatives, including market, credit, liquidity, counterparty, and operational risks.

Responsibilities

  • Manage cleared derivatives risk opportunities, focusing on client cleared derivatives activity, risk identification, and mitigation strategies.
  • Partner with Sales teams on new business origination opportunities through the evaluation of risk associated with client activity and input to the negotiation process.
  • Evaluate risk and calibrate respective trading limits and caps on exposure relative to client profile and market/product underlying dynamics.
  • Enhance relationships with existing clients to enhance revenue generation and risk-adjusted return on capital.
  • Own the identification of dislocation in Market/product underlying risk relative to CCP and client creditworthiness through routine analysis.
  • Facilitate value preservation strategies by creating awareness of risk dislocation.
  • Coordinate with Sales, Market Risk, and Bankers to monitor client creditworthiness and assess potential impact of default.
  • Monitor and engage with stakeholders to ensure CCP margin obligations are met.
  • Participate in internal forums to educate product partners and management concerning risk initiatives.
  • Participate in audits to address topics concerning risk monitoring.

Requirements

  • Bachelor's Degree or equivalent work experience in Business or equivalent field.
  • 4+ Years Front Office Risk Management or related experience.
  • Self-motivated and adept at setting, driving and collaborating with Sales to execute pipeline growth success.
  • Very strong interpersonal communication skills, complemented by excellent verbal and written communication.
  • Expert presentation and public speaking skills.
  • Strong relationship management and negotiation skills.
  • Strong organizational skills and detail orientation, as well as analytical skills.
  • Demonstrated complex contact negotiation/creation skills.
  • Ability to work remotely and independently.
  • Ability to influence and drive complex initiatives and manage logistics with internal stakeholders.
  • Ability to travel within assigned territory as required.
  • Ability to analyze/understand leading technologies and companies.
  • Strong analytical/problem solving skills.
  • Ability to work in an international environment and engage with headquarters.
  • Demonstrated ability to motivate and influence others.
  • High level of proficiency in financial calculations & fluency in Spanish.
  • Proficiency in Microsoft Office products - Word, Excel, and Outlook.
  • Self-motivated with strong initiative to achieve goals.

Nice-to-haves

  • Master's Degree in Business or equivalent field.
  • Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Benefits

  • 401k
  • health_insurance
  • dental_insurance
  • vision_insurance
  • life_insurance
  • paid_holidays
  • tuition_reimbursement
  • professional_development
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