Vice President, FX & Macro Structuring

About the role

The Vice President within Santander’s Risk Solutions Group will lead FX and macro structuring activities, delivering bespoke risk‑management, investment and financing solutions to sophisticated corporate and institutional clients across the UK, Europe and the Americas.

Key responsibilities

• Originating, structuring and supporting execution of FX and macro risk‑management strategies for a defined portfolio of institutional and corporate clients.
• Designing tailored hedging, investment, yield‑enhancement and capital‑efficient solutions using FX spot, forwards, swaps, vanilla options, structured FX derivatives and cross‑asset products.
• Preparing high‑quality client presentations, trade ideas and transaction proposals.
• Providing pricing analysis, trade analytics, payoff modelling and risk‑scenario analysis to support client transactions.
• Managing the full transaction lifecycle – idea generation, pricing coordination, approvals, documentation, execution and post‑trade monitoring.
• Monitoring existing transactions to identify restructuring, unwind, extension, collateral optimisation or hedging adjustments.
• Collaborating with Sales, Trading, Research, DCM, Legal, Credit Risk, Compliance, XVA, Middle Office and Operations across Europe, LatAm and other regions.
• Ensuring solutions respect regulatory frameworks such as MiFID, EMIR, Basel/CRR, Solvency II and related capital, liquidity and accounting constraints.

Required profile

• Proven experience in FX and macro structuring for institutional clients such as banks, asset managers, insurers, pension funds or hedge funds.
• Deep understanding of regulatory requirements (MiFID/UK MiFID, EMIR/UK EMIR, Basel, Solvency II) and their impact on product design.
• Strong analytical mindset with ability to develop pricing models, risk scenarios and payoff structures.
• Excellent communication skills to build relationships and present complex solutions to senior stakeholders.

Required skills

• FX derivatives (spot, forwards, swaps, options, structured products)
• Macro structuring and cross‑asset solution design
• Pricing analysis and trade analytics
• Payoff modelling and risk‑scenario analysis
• Regulatory knowledge (MiFID, EMIR, Basel, Solvency II)