Santander Corporate & Investment Banking
Vice President - Inflation Quant
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About Santander Corporate & Investment Banking (SCIB)
Santander Corporate & Investment Banking (SCIB) is Santander’s global division, supporting some of the world’s most complex and sophisticated corporate and institutional clients with customised services and value-added wholesale products designed around their needs across Europe, US, Latam and Asian markets.
About the Front Office Quant Team
The Front Office Quant Team develops the pricing and risk models, production analytics and tools that support our Sales and Trading businesses. It is a highly respected, trading-aligned team that works side by side with traders and structurers in a dynamic, collaborative environment.
Role: Inflation Quant
As an Inflation Quant in London, you will help shape the inflation curve and derivatives pricing libraries used by trading teams across SCIB’s global platform—not only in London—while gaining broad exposure across the Rates business.
Key Responsibilities
- Focus on the research, development, implementation and maintenance of pricing analytics and curve-construction frameworks for inflation derivatives, with particular emphasis on optionality, including caps/floors, Bermudan structures and path-dependent products.
- Design, develop and maintain models for inflation swaps, YoY and LPI structures, caps/floors, Bermudan options and other inflation-linked optionality, with related exposure to cash inflation instruments (linkers / US TIPS).
- Research, develop and calibrate pricing models for inflation options, inflation cap/floor markets and related volatility analytics.
- Develop and enhance robust inflation curve-construction methodologies, including calibration, interpolation, extrapolation and the treatment of seasonality.
- Build and improve production analytics for pricing, risk, calibration and scenario analysis across inflation and related Rates products, with a strong focus on accuracy, resilience and performance.
- Develop practical modelling and pricing solutions for structured products with inflation components, working directly with Structuring and Trading from initial idea through to implementation.
- Produce clear and rigorous model documentation and present methodologies, assumptions, limitations and results to traders, senior management and Model Validation.
- Implement, test, optimise and support production analytics in libraries written in Python, C++ and Rust, helping move research efficiently from prototype to production while contributing to the modernisation of the wider quantitative platform.
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What You’ll Bring
- Strong quantitative experience gained within a bank, asset manager, hedge fund or similar financial-markets environment, together with direct exposure to inflation products.
- An MSc, or equivalent, in Mathematics, Physics, Engineering, Computer Science, Quantitative Finance or another relevant quantitative discipline.
- Professional experience developing pricing models for options and/or exotic derivatives within a financial institution, ideally in a Front Office Quant team working closely with Trading.
- Strong knowledge of interest-rate and/or inflation derivatives modelling, together with a sound understanding of calibration and numerical techniques.
- Practical experience in inflation and/or rates curve construction, including interpolation and calibration.
- Excellent programming skills in Python and/or C++, with strong experience using scientific and numerical libraries such as NumPy, SciPy and pandas.
- Familiarity with model-validation processes, model documentation, model-risk governance and relevant regulatory expectations.
- Strong written and verbal communication skills, with the ability to explain complex modelling concepts clearly to both technical and non-technical stakeholders.
Desired Experience and Skills
- A PhD in Mathematics, Physics, Engineering, Computer Science, Quantitative Finance or another relevant quantitative discipline.
- Hands-on experience with products such as YoY options, LPI swaps, inflation caps/floors and Bermudan options.
- Knowledge of cash inflation markets, including linkers and inflation-linked asset swaps, alongside derivatives experience.
- Front Office Quant experience in inflation options and/or hybrid Rates–inflation models.
- Professional experience using Rust within a large-scale quantitative or trading analytics ecosystem.
- Experience with automated testing, continuous integration and deployment pipelines, version control and modern software-development practices.
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Location
This role is based at our offices in Triton Square, London, within easy walking distance of Warren Street and Euston stations.
About Us
We want our people to thrive at work and at home, deliver the best outcomes for our customers and help one another 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.
Rewards
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.
- Competitive salary
- Benefits package tailored to your needs
- Eligible for a discretionary performance-related annual bonus
- 8% of salary into your pension, up to 12.5% if you contribute
- 30 days’ holiday plus bank holidays, increasing to 31 days after 5 years of service
- Option to purchase up to 5 contractual days per year
- Company funded individual private medical insurance
- Voluntary healthcare benefits at discounted rates
- Protection for you and your family, including company-funded death-in-service benefit and income protection insurance
- 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
What to Do Next
If you are excited by the opportunity to bring your modelling expertise closer to the market, work directly with a global trading business and make a visible impact on the evolution of our inflation analytics platform, please apply.
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