AVP – New Products and Lifecycle Models (Financial Markets Operations) recruitment

• Major European Bank

• Leader in Global Banking and Financial Services

• Excellent Career Development and Regional Exposure

The role is a new position in the New Products team, complementing the existing team to support the growth of all financial markets (FM) products, and Structured Products in particular. Particularly, the role provides end-to-end support for all new product launches in the FM division including FX, Rates, Commodities, Credit, Money Market, Structured Funding (potentially also Equities) from vanilla to more complex structured products.

The role provides end-to-end support to all new product launches, which includes:

• Coordinate and drive new product launches with all stakeholders (front office, middle office, operations, market and credit risk, product control and business finance).

• Assess new product proposals for impact on booking and operational workflow in the transaction processing (TP) systems (e.g. MxG2000, in-house trading system).

• Provide booking model solution such that the deal is accurately represented in the systems TP from market risk, credit risk, settlements, documentation, PnL and accounting perspective.

• If perfect booking or replication is not possible, assess the impact of proxy booking and define solutions with least operational impact and risk.

• Provide lifecycle model solutions for said products: ensure that new product can be supported by all operational units in the organization with minimal manual intervention, better control and reduced operational risk and this throughout the entire life of the product.

• Propose system enhancements necessary to support the new product.

• Drive product testing of payoff and lifecycle events.

• Drive User Acceptance Testing of system enhancements.

• Obtain product approval from the relevant stakeholders.

• Address queries from various stakeholders on booking and lifecycle models.

• Provide user training.

• Build strong relationships with the various stakeholders.

The ideal candidate should be degree qualified with in-depth knowledge of FM products (particularly derivatives), in terms of product characteristics, payoff, trade events and risk replication. Good understanding of the process flow of FM transactions (from front to back). Good user knowledge of transaction processing systems (e.g. MxG2000), for functions of trade booking and pricing. Proficient in MS Excel (and preferably also VBA).

To apply, please submit your resume to Angelin Soon at as@kerryconsulting.com, quoting the job title and reference number AS3808. We regret only successful shortlisted candidates will be contacted.