Associate/VP, Credit Repo Trader | SCIB

Associate/VP, Credit Repo Trader | SCIBCountry: United KingdomJoin our community.Santander Corporate & Investment Banking (SCIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customised services and value-added wholesale products to best meet their needs.We’re seeking an entrepreneurial Credit Repo Trader to help build and develop a dedicated Credit Repo franchise within our global Securities Finance business. This is not just an execution-trading role, you’ll contribute to the growth of the franchise by developing financing relationships, originating business opportunities, expanding short-covering capabilities and helping establish Santander as a financing partner across credit markets.The role spans Investment Grade, High Yield and Emerging Market credit and combines trading, client engagement and franchise development. You’ll work alongside colleagues in London, Madrid and New York, and will help shape the future operating model of Santander's Global Credit Repo business.This is a unique opportunity for an individual who enjoys learning, building businesses, developing client relationships and creating commercial opportunities rather than simply managing an established trading book.The difference you’ll make:Credit Financing and TradingExecuting repo and reverse repo transactions across Investment Grade, High Yield and Emerging Market securities primarily in hard currencyDelivering long and short financing solutions to clients and internal trading desksDeveloping solutions for hard-to-borrow and less liquid securitiesMonitoring financing spreads, collateral scarcity and market opportunitiesClient and Franchise DevelopmentDeveloping relationships with hedge funds, asset managers, banks and broker dealersIdentifying financing opportunities and convert them into sustainable client activityExpanding Santander's ability to provide short-covering and financing solutionsGenerating financing ideas and market intelligence for clients and internal stakeholdersInventory, Balance Sheet and Short-Cover SolutionsImproving utilisation of credit inventory across desks and regions in follow the sun modelSupporting internal and external short-cover requirementsIdentifying opportunities to reduce external borrowing costs and improve financing efficiencyAssisting in optimising balance sheet, collateral and liquidity resourcesBusiness Expansion and Strategic DevelopmentWorking with Risk, Credit, Treasury, Legal and Compliance to support the continued growth of the Credit Repo franchiseSupporting the evolution of internal frameworks required to expand Credit Repo activity in a controlled mannerContributing ideas that enhance Santander's competitiveness in Credit Repo and financing marketsWhat you’ll bring:Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organisation. We’re enabling teams to go beyond by valuing who they are and empowering what they bring.We are seeking a commercially minded markets professional who wants to help build a business rather than simply execute an existing one. The ideal candidate will combine trading expertise with client engagement and commercial initiative.The following requirements represent the knowledge, skills, and abilities essential for success in this role.Experience in repo, securities finance, fixed income financing, credit trading, prime financing or a related markets activityIn depth understanding of financing markets and collateralised trading productsPrevious experience of interacting directly with clients and market counterpartiesExcellent knowledge of risk management and market structureBachelor's or Master's degree, or equivalent, in Finance, Economics, Mathematics, Engineering or a related disciplineStrong commercial instincts.Proven ability to identify and develop new business opportunitiesEntrepreneurial mindset and willingness to take ownershipDisciplined approach to risk managementIt would also be nice for you to have:CFA, FRM or similar qualificationsExperience financing Investment Grade, High Yield or Emerging Market credit productsExperience working with hedge funds and institutional investorsUnderstanding of securities borrowing and lending marketsFamiliarity with inventory management and short-covering activityExperience working across multiple regions and currenciesExisting market relationships that could contribute to franchise developmentWhat else you need to know:Join Santander at a formative stage of the Global Credit Repo franchise. This role offers direct exposure to clients, trading, financing, inventory optimisation and strategic business development. The successful candidate will have the opportunity to help shape the future direction of Santander's Credit Repo business while contributing to the development of a broader global Securities Finance platform.This role is based at our offices in Triton Square, London located within easy walking distance from Warren Street and Euston.We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop.Equal Opportunities.Santander is proud of being an organization where there are equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation. We are committed to providing an inclusive and accessible application process for all candidates.How we’ll reward you.Your contribution matters, and it’s recognised. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver.As well as a competitive salary, you’ll enjoy a benefits package that you can tailor to your needs.Eligible for a discretionary performance-related annual bonus.We put 8% of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.30 days’ holiday plus bank holidays, which increases to 31 days after 5yrs service, with the option to purchase up to 5 contractual days per year.Company funded individual private medical insurance.Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, and health assessments.Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.Share in Santander’s success by saving or investing in our share plans.Learn more about our benefits and family friendly policiesWhat to do next:-If this sounds like a role you’re interested in, then please apply.SummaryLocation: LondonType: Full time