Pre & Post Trade ETD's & Clearing Operations VP at Santander

Dallas, Texas, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Bachelor's Degree or equivalent work experience in Business or equivalent degree - Required
5-10+ years of experience working in an ETD's & Clearing Operations or Middle Office team
In-depth knowledge of Operations

Responsibilities

Oversight of operations processes and controls related to ETDs and Over-The-Counter “OTC” cleared derivatives
Ensure resource & flow efficiency, quality in execution, and strict control of operational risks
Provide effective product expertise and support to the CIB ETDs business (Markets)
Ensure the Operations department is fully compliant with US regulations (mainly CFTC and CME), Legal requirements, and Compliance and Tax policies
Effective execution of controls around the ETDs processes, and effective oversight outsourced to service providers ensuring service levels are maintained, especially for time-critical trade execution
Serve as key point of contact between front-office and external clients post-onboarding
Act as primary Operations contact for external clients regarding margin management, trade and position queries, and ad hoc file creation requirements
Serve as escalation point of contact with Central Counterparties (e.g., CME, ICE, OCC, Nodal), custodians, agent banks, and carrying clearing brokers
Ensure appropriate monitoring of Service Level Requirements with Third-Party Service Providers / Vendors (e.g., ION XTP, Broadridge, Calypso); interact regularly to ensure processes meet KPIs and implement new processes as necessary
Maintain overall understanding of Physical Delivery products, including delivery life-cycle and FCM requirements
Ensure generation, maintenance, distribution, and use of information and tools for daily activity: develop and update procedures, and plan/organize for team members
Liaise with internal/external auditors and regulators to ensure compliance with regulatory requirements
Perform quality assurance on processes and new systems implementation, including executing and monitoring User Acceptance Testing (UAT) and active participation in UAT phase design
Sign off on project-related documents such as Business Requirement Documents to ensure new products or processes cover department requirements

Skills

ETDs

Clearing Operations

OTC Derivatives

CFTC

CME

Operational Risk

Trade Execution

Regulatory Compliance

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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