Front Office Rates Quant at Santander

Boadilla del Monte, Community of Madrid, Spain

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Investment Banking, Financial ServicesIndustries

Requirements

2-4 years of experience in similar roles (Required)
Bachelor’s degree or equivalent in Engineering, Physics, Mathematics, or another quantitative discipline (Required)
MSc and/or PhD (or equivalent) is highly valuable (Preferred)
Fluent English (Required)
Proficiency in computer programming languages such as Python and C++ (Required)
Basic knowledge of fixed income derivatives (Required)
Understanding of options pricing theory, quantitative models, and probability theory (Required)
Understanding of optimization techniques (Required)
Critical thinking, able to break down complex problems, test assumptions, and design creative solutions (Required)
Excellent written and verbal communication skills, including the ability to explain technical results to non-technical stakeholders (Required)

Responsibilities

Actively contribute to the design and implementation of pricing and risk libraries, both in mathematical modeling and implementation
Develop pricing, risk management, and market-making tools for trading desks
Refine existing quantitative frameworks and tools to meet the highest quality standards
Develop, improve, and maintain the testing process in quantitative libraries and tools
Write mathematical and technical documentation to internal stakeholders
Support Trading, Sales, and Risk areas

Skills

Key technologies and capabilities for this role

Quantitative ModelingPricing ModelsRisk ManagementRates DerivativesInflation DerivativesBonds PricingCurves CalibrationOptimization TechniquesC++PythonMathematical Modeling

Questions & Answers

Common questions about this position

What experience level is required for this Front Office Rates Quant role?

The role requires 2-4 years of experience in similar roles.

What education is needed for this position?

A Bachelor’s degree or equivalent in Engineering, Physics, Mathematics, or another quantitative discipline is required, while an MSc and/or PhD is highly valuable.

Is this role remote or based in a specific location?

The role is based in Spain and involves working as part of a global team supporting desks in Madrid, London, Mexico, New York, and Hong Kong.

What languages are required?

Fluent English is required.

What does the company value in candidates for this role?

The company values bold thinking, innovation, courage to challenge possibilities, unique perspectives, and a proactive approach to risk management.

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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