The Difference You Make:We are seeking a strategic, commercially driven and technically accomplished leader to head the Global FX Forwards franchise.
This is a senior leadership role with responsibility for defining the strategic direction, commercial development and overall performance of the FX Forwards business globally. The successful candidate will combine deep expertise across FX and STIR products with a sophisticated understanding of balance sheet management, funding and liquidity dynamics, capital efficiency, pricing and client risk management solutions.
The role will be responsible for driving sustainable and profitable growth of the franchise, leveraging the bank's global capabilities and balance sheet to deepen client relationships, expand penetration across priority segments and geographies, and strengthen the bank's competitive positioning in FX markets.
The Global Head of FX Forwards will work closely with Trading, Sales, Treasury, Risk, XVA and other Markets product teams to ensure an integrated approach to client solutions, risk management, resource allocation and franchise development.
The successful candidate will also be expected to provide visible leadership across regions, attract and develop high-caliber talent, and foster a culture of collaboration, accountability, innovation and disciplined execution.
- Define, articulate and execute the global strategy for the FX Forwards franchise, aligned with broader Markets and institutional client objectives.
- Own the strategic and commercial performance of the business, establishing clear priorities across clients, products, regions and distribution channels.
- Identify structural growth opportunities and evolving market trends, translating them into actionable commercial and product strategies.
- Strengthen the bank's competitive positioning and market relevance across the global FX Forwards ecosystem.
- Establish clear performance metrics and maintain a disciplined focus on sustainable revenues, returns and resource efficiency.
- Drive sustainable revenue growth through increased client penetration, acquisition of new business and deeper engagement with strategic clients.
- Partner with Sales and Trading to develop differentiated client solutions across FX Forwards, FX swaps and adjacent FX and STIR products.
- Develop and maintain senior relationships with key institutional and corporate clients, acting as a senior representative of the FX franchise.
- Identify cross-selling opportunities across Markets and the broader bank, ensuring that client needs are addressed through integrated solutions.
- Ensure the franchise maintains a strong understanding of changing client behaviors, competitive dynamics and market structure.
- Drive disciplined and efficient deployment of balance sheet, liquidity and capital to maximize risk-adjusted returns and support franchise growth.
- Partner closely with Treasury, XVA, Finance, Risk and Trading to optimize funding strategies, liquidity consumption, transfer pricing and capital allocation.
- Ensure pricing and commercial decisions appropriately reflect funding, liquidity, capital, credit and balance sheet considerations.
- Develop strategies to improve the economics and scalability of the business while maintaining strong risk discipline.
- Define the product development agenda for the franchise, ensuring capabilities evolve in line with client needs, market structure and competitive dynamics.
- Champion the use of technology, automation, analytics and data to enhance pricing, execution, risk management, client coverage and decision-making.
- Partner with Technology and Quantitative teams to priorities investment and deliver scalable global capabilities.
- Monitor structural and regulatory developments affecting FX markets and proactively adapt the franchise strategy.
- Maintain a strong risk and control culture across the global franchise, ensuring appropriate oversight of market, credit, liquidity, conduct and operational risks.
- Ensure business activities are conducted within established risk appetite, governance frameworks and regulatory requirements.
- Partner effectively with Risk, Compliance, Legal and other control functions to anticipate and manage emerging risks.
- Promote disciplined decision-making and clear accountability across the organization.
- Lead, inspire and develop a high-performing global team across regions.
- Build a strong leadership bench and succession pipeline, with a clear focus on talent development and mobility.
- Create an inclusive, collaborative and performance-oriented culture that encourages constructive challenge and continuous improvement.
- Connect teams across geographies and functions, ensuring alignment around a common global strategy while recognizing relevant local market dynamics.
- Act as a senior leader within the broader Markets organization, contributing beyond the immediate FX Forwards franchise.
What You Bring:- Proven senior leadership experience within a Tier 1 global investment bank, with direct responsibility for a material FX or Rates franchise.
- Extensive senior leadership experience within Global Markets, with deep expertise in FX Forwards, FX swaps and STIR products.
- Strong understanding of global FX market structure, client flows, pricing and risk management.
- Proven track record of leading, transforming and growing a significant global Markets or FX franchise.
- Demonstrated commercial judgement and experience managing business performance, revenues and risk-adjusted returns.
- Sophisticated understanding of balance sheet management, funding, liquidity, capital, XVA and their implications for product economics and client pricing.
- Strong client orientation, with experience developing senior relationships across institutional and/or corporate client segments.
- Proven ability to operate effectively across Trading, Sales, Treasury, Risk, Finance, Technology and senior management.
- Demonstrated ability to lead through influence in a complex global organisation and to translate strategy into measurable execution.
- Strong track record of attracting, developing and retaining high-performing international teams.
- High standards of judgement, integrity, risk management and accountability.
- Strategic leadership: Ability to define a compelling long-term vision while translating strategy into clear commercial priorities and execution.
- Commercial acumen: Strong understanding of revenue drivers, client economics and risk-adjusted returns.
- Technical credibility: Deep expertise in FX markets, funding dynamics, balance sheet economics and risk management.
- Client orientation: Ability to anticipate evolving client needs and convert them into differentiated solutions and sustainable relationships.
- Enterprise mindset: Ability to optimize outcomes for the broader organization rather than individual products or regions.
- Execution excellence: Strong focus on delivery, accountability, performance measurement and continuous improvement.
- Leadership and talent development: Ability to inspire diverse global teams, develop future leaders and create an inclusive high-performance culture.
- Influence and communication: Executive-level communication skills and the ability to influence senior stakeholders across functions and geographies.
- Change and innovation: Ability to challenge established approaches and leverage technology, data and new ways of working to improve the franchise.
Education:- Advanced degree in Finance, Economics, Engineering, Mathematics or a related discipline.
Qualifications:- Significant international experience and demonstrated effectiveness operating across multiple regions and cultures.
- Experience leading businesses through periods of market, regulatory, technological or organizational change.
Certifications:It Would Be Nice For You To Have:- Significant international experience and demonstrated effectiveness operating across multiple regions and cultures.
- Experience leading businesses through periods of market, regulatory, technological or organizational change.
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:
$265,000.00 USD
Maximum:
$310,000.00 USD
We Value Your Impact:Your contribution matters and it's recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2026 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.
Working Conditions:Frequent minimal physical effort such as sitting, standing and 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.
