Head of FX, Derivatives & ETD's/Clearing, Executive Director - Dallas/Miami
Head of FX, Derivatives & ETD's/Clearing, Executive Director - Dallas/Miami
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Job Description
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 & ETDS / Clearing oversees and manages the teams supporting the end-to-end Middle Office and Operations processes covering FX OTC Derivatives and ETDs & 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 & ETDs/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 companys 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 & ETDs/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 & ETDs/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 departments 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 Derivatives & ETDs/Clearing.
Attention to detail and ability to manage multiple priorities.
Sound judgment in decision-making and risk assessment.
Ability to drive innovation and continuous improvement in compliance processes.
Key Competencies:
FINRA Series 99 mandatory or Series 27 desirable. Incumbent will be expected to pass a Series 27 exam after 6 months on the job.
Education:
Bachelors Degree or equivalent work experience
Work Experience:
10 Years experience working in a managerial role with responsibility for FX OTC Derivatives ETDs & Clearing Operations or Middle Office teams.
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:
Maximum:
Link to Santander Benefits:
Santander Benefits - 2025 Santander OnGoing/NH eGuide ()
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 standingand 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 to discuss your needs.
Required Experience:
Director
Employment Type
Full-Time
