Mexico FX Trading, Vice President / Executive Director - New York

Mexico FX Trading, Vice President / Executive Director - 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!

We are seeking a trader with experience in FX and Rates trading to join our Latin America desk in New York. The candidate will be responsible for pricing, executing, and managing risk in MXN FX Fwds and Rates products. Candidate should be comfortable with variety of products spot, fx forward, and derivatives markets. The trader will work closely with our sales team globally to deliver robust service and trading strategies for Santander clients base across different segments of the bank. A key element of this position is to work closely with our local offices in the region to optimize our offshore franchise flows and risk management.

Key Responsibilities:

• Execute and manage trading positions in MXN Spot, forwards and fx swaps in accordance with the firm’s risk parameters and market strategy

• Support our Local Trading desk in the regions, especially the connection with our trading desk in Mexico

• Monitor and manage market risk exposure, including delta, basis, and carry, ensuring alignment with trading limits and risk frameworks

• Contribute to desk PnL generation though disciplined trading and market insights

• Stay informed on economic data releases, Banxico policy, political developments, and regional market trends affecting MXN, MXN fwds and IR Swaps

• Collaborate with sales and strategy team to provide market color and trade idea generation

• Ensure compliance with regulatory requirement and frameworks in place 

• Build and maintain relationships with counterparties, focus on our institutional client base

• Enhancement of product capabilities and trading tools ( Efx and new products)

Qualifications

• Bachelor’s degree in finance, Economics, or related field.

• 3 to 7 years of experience in Mexico FX and Rates, experience in latam countries is a plus

• Strong understanding of Mexico market structure and local rates markets ( XCCY Basis, Rates and funding dynamics)

• Proven track record on revenue generation and client franchise 

• Strong analytical, quantitative, and risk management skills 

• Strong communication and interpersonal skills

• Spanish will be a plus but not a must

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:

$187,500.00 USD

Maximum:

$300,000.00 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