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Santander Corporate & Investment Banking (SCIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customised services and value-added wholesale products to best meet their needs.
The Front office Quant area is responsible of the development of the pricing and risk models for Sales and trading teams. FX Options is a Global business that requires support in locations around the world.
As part of the FX Quants team, you’ll focus on the development, extension and maintenance of the FX model libraries. You’ll interact with traders and sales in other international offices to explain modelling assumptions and risk implications and to understand the practical use of the models. You’ll also work closely with local quant groups in other geographies to provide seamless coverage and support.
The difference you’ll make:
Being part of the FX Quants group focused on the development of derivatives models
Contributing to the extension of existing models to improve interest rate to include interest rate volatility risk
Designing and implementing our pricing and risk libraries for the scope of our existing and prospective FX products
Developing an efficient risk framework to represent the risks by making use of advance techniques
Designing and extending the APIs for our pricing libraries
Developing and optimising algorithms
Refining existing quants framework and quantitative tools to meet highest quality standards
Assisting with the development, improvement, and maintenance of the testing process in our quantitative libraries and tools
Providing mathematical and technical documentation to internal stakeholders
Supporting Trading, Sales and Risk teams
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 organisation. 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.
Previous experience in a similar quantitative role
In-depth knowledge of Foreign Exchange products and valuation
Excellent programming skills in C++ and Python
Higher qualification in a relevant mathematical based degree
An excellent problem solver who can contribute with innovative ideas
Knowledge of options pricing theory, quantitative models, probability theory and stochastic processes
Creative thinker, with the ability to make decisions quickly, often under pressure and with limited information
Well-developed interpersonal and communication skills
It would also be nice for you to have:
PhD in a relevant mathematical based degree
Fluency in additional languages, especially Spanish
Familiarity with Stochastic-Local volatility models
Experience of implementing a PDE or Monte Carlo pricing engine
What else you need to know:
This role is based at our offices in Triton Square, London located within easy walking distance from Warren Street and Euston.
We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop.
Equal Opportunities.
Santander is proud of being an organization where there are equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation. We are committed to providing an inclusive and accessible application process for all candidates.
How we’ll reward you.
Your contribution matters, and it’s recognised. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver.
As well as a competitive salary, you’ll enjoy a benefits package that you can tailor to your needs.
Eligible for a discretionary performance-related annual bonus.
We put 8% of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.
30 days’ holiday plus bank holidays, which increases to 31 days after 5yrs service, with the option to purchase up to 5 contractual days per year.
Company funded individual private medical insurance.
Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, and health assessments.
Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.
Share in Santander’s success by saving or investing in our share plans.
Learn more about our benefits and family friendly policies
What to do next:-
If this sounds like a role you’re interested in, then please apply.
Skills Required
- Previous experience in a similar quantitative role
- In-depth knowledge of Foreign Exchange products and valuation
- Excellent programming skills in C++ and Python
- Higher qualification in a relevant mathematical based degree
- Knowledge of options pricing theory, quantitative models, probability theory and stochastic processes
Santander Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Santander and has not been reviewed or approved by Santander.
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Retirement Support — A dollar‑for‑dollar 401(k) match up to 6% of eligible pay and immediate vesting are highlighted as core strengths, supporting long‑term savings. This is reinforced by company‑paid disability and life/AD&D coverage that bolster financial security.
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Leave & Time Off Breadth — Paid time off typically ranges from 18–30 days in the U.S. with 11 paid holidays, plus dedicated volunteer and development time; the UK features a minimum of 25 days with buy/sell options. Some roles also use self‑managed PTO, offering additional flexibility depending on team norms.
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Parental & Family Support — U.S. parental benefits include 8 weeks paid for all parents and a total of 16 weeks paid for birth mothers, with flexibility for reduced hours around childbirth. Caregiver leave and dependent‑care programs add further family support.
Santander Insights
What We Do
Banco Santander (SAN SM, STD US, BNC LN) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. In the first quarter of 2024, Banco Santander had €1.3 trillion in total funds, 166 million customers, 8,400 branches and 211,000 employees.
