Description
Barclays are urgently looking for a Financial Modeller/Analyst to work on a Large redress programme within the bank. You will be responsible for calculations of cost of the redress and any compensation due to clients, modelling market-to-markets' and past cash flows on both existing interest rate derivatives and potential redress alternatives, determining levels for alternative hedge as of original trade date. You will produce calculations of interest and past cash flow compensation at appropriate rates, and provide additional modelling and analysis as required.
The successful candidate will need to have a solid financial modelling and pricing background, with an understanding of derivatives products, preferably in vanilla and exotic Interest Rates Derivatives. You must also have a strong academic background in a mathematical subject.