Description
Where the role sits:
Product & Markets Middle Office
The Derivatives Middle Office is responsible for supporting the Global Derivatives businesses of P&M.
This encompasses:
*Production, analysis and commentary on the Global Derivative business's trading P&L and risk,
*Maintenance of close of business market data and derivative price verification,
*Quantification of all Fair Value Adjustments on derivative trades and positions,
*Leading support function input to the derivatives new product approval process, and,
*Derivative Product Implementation Review.
Global Derivatives Controller
The primary purpose of the role is to produce the P&L and the analysis of daily movements with respect to the positions taken by the desk.
This includes:
*Production, analysis and comment on the FX Hybrids trading P&L and risk
*Options and PRDC price verification, and maintenance of all Options trade/position and model valuation adjustments,
*Ensuring new trades are within the scope of the model approval and the market data maintained in the valuation and risk reporting systems,
*Maintenance of cash and completeness controls,
*Lead the design of more efficient and effective Front Office functions, including specifying and implementing more efficient Middle Office processes,
Skills
*Candidate must be numerate, some sort of Maths education would be a huge advantage
*Familiarity with computer programming and financial modelling (ideally Excel/VB, SQL).
*Tenacious and curious. Should be willing to research new areas and lines of investigation unprompted.
*Logical, structured approach to problem solving that allows for creativity
*Ability to pick up, challenge, contribute to, transfer and implement the team's ideas quickly and effectively.
*Strong Knowledge of FX Options and FX Hybrid products. Familiarity of the Greeks.
*Qualified Accountant or Strong Knowledge of FX products may override this gained from trading or risk role but must have a background in FX.
*Knowledge of options products specifically FX, including the motives for trading them, how they are quoted, traded, priced and risk managed.
For more details please send CVs.
Aston Carter Ltd is acting as an Employment Business in relation to this vacancy.