Head of FX, Derivatives & ETD's/Clearing, Executive Director - Miami

Head of FX, Derivatives & ETD's/Clearing, Executive Director - Miami

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 Head of FX, Derivatives & ETD’S / Clearing oversees and manages the teams supporting the end-to-end Middle Office and Operations processes covering FX, OTC Derivatives and ETD's & Clering for SCIB US.  Role reports to the US SCIB Pre and Post Trade Head of Markets.  Objectives are to 1) Ensure flawless execution of Middle Office and Operations for the products in scope and 2) Support the Business Lines and Clients through the trade lifecycle processes ensuring efficiency and adherence to all policies & procedures as well as ensuring the bank meets all of its regulatory obligations.  The role involves leading the FX, Derivatives & ETD's/Clearing team, leading the department transformation efforts (including policy and process improvements), and maintaining a robust control framework to mitigate risks.

Key Responsibilities

Responsible for the day-to-day operations of the company's business units. Aims to deliver superior service to clients by driving and optimizing the effectiveness and efficiency of people, processes and technology thereby enhancing financial performance, increasing investment capacity, and managing risk.
Builds the sustainable repeatable capabilities that support delivery of the highest standards of service and execution. Analyzes and reviews data tools, business processes and operational standards to execute service delivery.
Evaluates and ensures that operations meet company objectives, business needs, service agreements and relevant requirements.
Researches and monitors external landscape to identify developments and translate them into operational implications for the company.

Strategic Leadership
Execute comprehensive FX, Derivatives & ETD's/Clearing management strategy.
Enhance policies and procedures to comply with relevant regulations and internal standards.
Present and participate in various senior governance forums.
 

Team Management
Lead, mentor, and manage the FX, Derivatives & ETD's/Clearing team to ensure high performance and professional growth.
Oversee recruitment, training, and resource allocation to support operational needs.
 

Operational Oversight
Supervise the execution of all processes related to the area locally.
Enhance and develop the current Outsource service control framwork to ensure a robust governace over outsource activities.
Create a set of KPI and KRI for the departments activity.
 

Compliance and Risk Management
Ensure all operational processes comply with all the applicable rules and regulations.
Act as the main point of contact for audits and regulatory examinations related to the area.
 

Transformation / Process Improvement
Lead the department's transformation aligned to Global initiatives and best practices.
Identify and implement technological solutions (in collaboration with Technology) to enhance efficiency and reduce manual work.
 

Stakeholder Collaboration
Collaborate with Global Markets partners as part of the Global Markets leadership team.
Work closely with CIB Business Lines, Compliance, Legal, Risk, Technology, and CLM teams to ensure a unified approach to manage risks.
Engage with Auditors, Regulators, and Third-Party Vendors as required.

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.

Qualifications

Skills:

Strong analytical and problem-solving abilities.
Excellent leadership and communication skills.
Proficiency in all Middle Office and Operations processes covering FX, OTC De