Front Office XVA Quant

About the role

Santander Global Markets is looking for a Front Office XVA Quant based out of Madrid, Spain. As a member of the XVA Quantitative Team, you will develop, enhance, and maintain pricing libraries across all asset classes and use cases.

Key responsibilities

• Contribute to the design and implementation of pricing and risk libraries, covering both mathematical modeling and software development.
• Build pricing, risk‑management, and market‑making tools for trading desks.
• Enhance and extend existing quantitative frameworks and tools to meet the highest quality standards.
• Develop, improve, and maintain robust testing for quantitative libraries and tools.
• Produce clear mathematical and technical documentation for internal stakeholders.
• Partner with and support Trading, Sales, and Risk teams.

Required profile

• Minimum 2‑3 years of experience in a Front Office Quantitative team, preferably in XVA, Rates, or Hybrids.
• Bachelor’s degree in Engineering, Physics, Mathematics or a related quantitative discipline (MSc/PhD highly valued).
• Fluent in English (required) and Spanish (preferred).

Required skills

• Strong programming skills in Python and C++.
• Foundational knowledge of fixed‑income derivatives.
• Solid understanding of options pricing theory, quantitative modeling, and probability theory.

What we offer

• Access to hundreds of courses through Santander Open Academy.
• Highly competitive salary with performance‑based bonuses.
• Preferential banking terms, special loan rates, and life insurance.
• Global wellness programme (BeHealthy) promoting holistic wellbeing.
• Childcare support and family‑friendly programmes.
• Gym/WellHub membership, medical centres, meal subsidies, parking, shuttle service, and exclusive employee discounts.