Associate – Traded Market Risk (SCIB)

About the role

Join Santander Corporate & Investment Banking (SCIB) as an Associate in Traded Market Risk. You will provide second‑line oversight, reviewing and challenging market risk activities to ensure they align with the bank’s risk limits and appetite.

Key responsibilities

• Capture, analyse, monitor and control Traded Market Risks (TMR).
• Identify and mitigate market risk exposures, reviewing desk positions, trading strategies and limit breaches.
• Investigate drivers of P&L and risk movements.
• Support escalation and remediation of limit excesses.
• Partner with Front Office to understand products, strategies and risk factors.
• Collaborate with Risk and P&L reporting teams in Madrid.
• Develop and deliver TMR risk dashboards, aggregate risk reports and other regulatory reporting.
• Represent TMR in local, group and regulatory forums, ensuring timely and accurate material preparation.

Required profile

• Experience in Market Risk, Trading Risk, Risk Control or a related Front‑Office/Risk function.
• Knowledge of trading products such as Interest Rates, Structured Credit, FX, Securities Financing and XVAs.
• Degree‑level education in Engineering, Economics, Science, Mathematics or a related field.
• Strong analytical and quantitative abilities with excellent written and verbal communication.
• Ability to work under pressure and meet tight deadlines.

Required skills

• Python programming.

What we offer

• Opportunity to develop a career in a global investment‑banking environment.
• Exposure to complex market‑risk challenges and cross‑functional collaboration.