Equity Derivatives Trader

About the role

Santander Corporate & Investment Banking is looking for an Equity Derivatives Trader based in Boadilla del Monte, Madrid, Spain. The role sits within the Global Markets business and manages the market risk of the Equity Derivatives trading desk while delivering pricing and execution across equity derivative products for institutional and corporate clients. It is a global role working closely with colleagues across the international trading platform.

Key responsibilities

• Manage the market risk of the Equity Derivatives trading book in line with the desk's risk appetite and limits.
• Pricer and execute equity derivatives transactions for clients.
• Work with Sales, Structuring, Risk, Quants and other Global Markets teams to deliver tailored client solutions.
• Collaborate with trading teams across the global platform to ensure consistent pricing, risk management and client coverage.
• Monitor market developments, identify trading opportunities and implement hedging strategies.
• Contribute to the development of the Equity Derivatives franchise through product expertise, innovation and process improvements.
• Maintain high standards of governance, control and risk management.

Required profile

• At least 4 years of experience managing equity derivatives in a trading role within Global Markets (required).
• University degree in Finance, Economics, Mathematics, Engineering or another quantitative discipline (required).
• English (required); Spanish preferred.
• Preferred: experience with structured equity products, e-trading platforms, price management and feedback analysis; postgraduate qualification such as an MSc or CFA.

Required skills

• Strong understanding of equity derivatives, pricing and market risk management.
• Bloomberg and advanced Excel.
• Preferred: programming knowledge (Python, VBA or similar) and trading analytics tools.
• Strong analytical and quantitative mindset, excellent communication and collaboration skills, and the ability to make sound decisions under pressure.

What we offer

• A competitive salary with performance-based bonuses.
• Preferential banking terms, special loan interest rates, life insurance and other financial advantages.
• Access to Santander Open Academy courses and a global learning space.
• BeHealthy wellness programme, childcare support and family programmes.
• Employee and family advisory services, gym membership, medical centres, meal subsidy, parking and shuttle service in Madrid.