Front Office Interest Rates Quantitative Analyst - New York

Job Description

Front Office Interest Rates Quantitative Analyst - New York

Country : United States of America

Your Journey Starts Here :

Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.

An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You!

Exciting opportunity within our Front Office Quant area, where we focus on the development of pricing and risk models, along with quantitative tools for our Sales and Trading teams.

As part of the Rates Quants team, the primary focus of this position will be on the development, extension, and maintenance of the pricing libraries for interest rates linear models, including derivatives, bonds, and curves fitting techniques.

We are currently in the midst of a significant transformation of our quantitative framework, presenting a unique opportunity to build our quantitative ecosystem from the ground up, adhering to new quality standards and a modern technology framework.

This role will offer you the chance to work as part of a broader global team, with over 25 quants across rates, and collaborate closely with our IT developers to integrate our work into the platforms.

Please reach out to us if you are interested in this unique opportunity, we would be delighted to tell you more about our quants transformation project.

Responsibilities :

Active contribution to the design and implementation of our pricing and risk libraries for the scope of products covered in fixed income.

Contribution to the development of an efficient risk framework to represent the risks properly making usage of advance techniques.

Develop curves techniques according to the market changing conditions.

Develop pricing, risk management, and market making tools for our trading desks.

Design and extension of the APIs for our quants libraries

Development and optimization of algorithms.

Refine existing quants framework and quantitative tools to meet highest quality standards.

Development, improvement, and maintenance of the testing process in our quantitative. libraries and tools.

Provide mathematical and technical documentation to internal stakeholders.

Keep up to date with mathematical and tech

Support to Trading, Sales and Risk areas.

Education :

Bachelor’s degree, or equivalent, in Computer Science, Physics, Mathematics, Statistics or in another quantitative discipline.

MSc and / or PhD (or equivalent) in Physics, Mathematics, Statistics or in another quantitative discipline is highly valuable.

Work experience and Skills :

2+ years of experience in quantitative analytics in the area of capital markets.

Experienced in more than one computer programming languages such as Python,  C++, Rust

Some knowledge of fixed income products.

Good knowledge of options pricing theory, quantitative models, probability theory.

Creative thinker, independently worker and capable to make decisions quickly, often under pressure and with limited information.

An excellent problem solver who can contribute with innovative ideas.

Strong interpersonal skills and a desire to work in a team environment.

Hands on approach to work

Diversity & EEO Statements : At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.

Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions : Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer Rights : This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.

What Else You Need To Know :

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range

Minimum : $150,000.00 USD

Maximum : $250,000.00 USD

Link to Santander Benefits :

Santander Benefits - 2025 Santander OnGoing / NH eGuide (foleon.com)

Risk Culture :

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement :

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions :

Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and / or furniture may be required.

Employer Rights :

This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.

What To Do Next :

If this sounds like a role you are interested in, then please apply.

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.

Primary Location :   New York, NY, Madison Ave Corp

Other Locations :   New York-New York

Organization :   Banco Santander S.A.