Pre & Post Trade Exchange Traded Derivatives & Clearing Operations - VP

Pre & Post Trade Exchange Traded Derivatives & Clearing Operations - VP

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!

The Difference You Make:

The Pre & Post Trade ETD's & Clearing Operations VP, is responsible for supporting and protecting CIB ETD's & Clearing business activity by conducting end-to-end processes and controls throughout the complete Operations value chain while ensuring:
i) Oversight of operations processes and controls related to ETDs and Over-The-Counter “OTC” cleared derivatives
ii) Resource & flow efficiency
iii) Quality in execution
iv) Strict control of the operational risks

• Provide effective product expertise and support to the CIB ETDs business (Markets)

• Ensure the Operations department is fully compliant with US regulations (mainly CFTC and CME), Legal requirements, and Compliance and Tax policies.

• Effective execution of controls around the ETDs processes, and effective oversight outsourced to the service providers ensuring service levels are maintained in all aspects, in particular for time-critical trade execution

• Key point of contact between front-office and external clients post-onboarding

• Primary Operations contact for external clients as it regards margin management, trade and position queries and ad hoc file creation requirements

• Escalation point of contact with the Central Counterparties (i.e., CME, ICE, OCC, Nodal), and custodians, agent banks, carrying clearing brokers in which SanCap FCM has some business relationship with

• Ensure the appropriate monitoring of Service Level Requirements with Third-Party Service Providers / Vendors (i.e., ION XTP, Broadridge, Calypso).

• Interact with them in a regularly basis to ensure all processes are perform in accordance to the KPIs and implement new processes in case of necessary.

• Overall understanding of Physical Delivery products, i.e., delivery life-cycle and FCM requirements

• Ensure the generation, maintenance, distribution and use of the information and tools required to maintain the daily activity: development and updates of procedures, planning and organization to be follow by individual contributors of the team.

• Liaise with internal / external auditors, and regulators to ensure compliance with regulatory requirements

• Quality assurance on processes and new systems implementation, executing and monitoring User Acceptance Testing (UAT). Active participation in the UAT phase designs to ensure all test cases are reflected properly.

• Sign off on project related documents such as Business Required Documents to ensure new product or processes covers all the department requirements.

What You Bring:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Bachelor's Degree or equivalent work experience: Business or equivalent degree. - Required.

5-10+ years of experience working in an ETD's & Clearing Operations or Middle Office team.

• In-depth knowledge of the Operational processes supporting ETD's & Clearing Operations

• In depth knowledge of Listed Derivatives (such as Futures, Listed Options on Futures contracts, US Listed Equity & Index Options), and OTC Clearing Derivatives contracts (such as cleared IRS and CDS)

• In depth knowledge of the operational processes supporting a Futures Commission Merchant’s (FCM) / Clearing Broker firm

• Proficient in all regulatory aspects governing the ETD's and Clearing activities in a US Broker Dealer.

• Proven track record of managing providers of outsourced services

• Knowledge of compliance to CIB around execution of controls to minimize the operational risk

• Proven experience in providing a project status update with timely priorities and in communicating convincingly to management

• Collaborative and communication skills

Certifications:
FINRA Series 99 mandatory or ability to obtain it within 6 months of joining the firm.

It Would Be Nice For You To Have:
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

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.

$84,375.00 USD$135,000.00 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.