Derivative Pricing Manager
Change Recruitment Group's Investment Management client, is seeking an Derivative Pricing Manager to lead a team of specialists with expertise in OTC and ETD covering credit, interest, inflation, equity and FX derivatives. The team provide oversight of OTC derivative valuation within the funds managed. The role combines a blend of service delivery, project work, new business enablement and participation in industry initiatives. The role holder will play a key role in the strategic development and continuous improvement of processes, systems, controls and product launches. This would be an excellent opportunity for an experienced candidate looking for that next step into a top tier fund management house.
Responsibilities of the Derivative Pricing Manager:
- Oversight of OTC derivative valuations provided by suppliers, including checking of valuations
- Assessing best practice for OTC derivative valuation, identifying where changes in methodology may be required and managing implementation of change to valuation models
- Oversight of position and valuation reconciliations, as required under EMIR/Dodd Frank
- Engaging with third party providers to understand, analyse and test overall changes to derivatives platform
- Managing delivery of localised change
- Participation in specification, planning, testing and operating model development required to support strategic platform for OTC derivatives
- Identifying and implementing changes to derivatives operating model to support new business
- Partnering with project managers and business analysts assigned to Derivatives change programme to deliver change arising from regulation such as EMIR and Dodd Frank
Background of the Derivative Pricing Manager:
- Detailed knowledge of derivative products, from an end to end perspective, including lifecycle events
- Experience working directly within or have oversight of OTC derivative pricing/valuation
- Experience working directly within a managerial, supervisory or team leader capacity essential
- Experience working within a project environment highly beneficial
- Proven relationship management and stakeholder management skills essential
This is a permanent position for a Derivative Pricing Manager paying an excellent salary plus bonus and benefits.
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