Equity Derivative ESDG Analyst (Deal Review) recruitment

This is an opportunity for a talented individual with strong technical knowledge and ability to join the EMEA Exotic and Structured Derivatives Group (ESDG) in London.

The ESDG team is responsible for reviewing the complex structured derivative products and performing simulation testing to verify the payoff against the terms of the product. The primary focus of the team is to ensure the integrity of trade bookings within the risk management system to the legal terms of the trade. This is achieved through a detailed analysis of trade economics via sophisticated trading model validation, typically utilising Monte Carlo simulations to stress test the ‘Quant’ model and ensure it’s consistency given all possible future market conditions.

The role will be a mixture of Exotic equity products and the fund side of the business, so along with Monte Carlo simulations experience in building algorithms to monitor complex trade calculations and path dependencies will be advantageous. Ideally the candidate should have a working knowledge of CPPI structures, volatility targets and other complex structures. Combined with an in-depth understanding of mutual funds, hedge funds, fund of funds and also the securitisation of this asset class. Candidates should also fully appreciate the complexity of this asset class and be able to discuss the current fund environment.

The complex and Hybrid business covers a mix of alternative investments and equity structured trades. It includes a diverse range of products from delta one notes to complex CPPT deals. This is a highly technical role which will allow the individual to develop a strong understanding of both exotic equity and fund derivative products with an in-depth knowledge around the associated events and their related payoffs.

The team’s core responsibilities focus on reviewing each complex trade booking to ensure accuracy of the details back to the documentation. This may include calculating underlying proprietary indices along with the coupon and expiry payoffs of the structures and reviewing new deals for accuracy and correct risk representation.

The candidate is expected to build a strong understanding of the payoff profiles of structured products, the risk management system and an understanding of the front to back processes for these. The successful candidate will be supported in this regard and will have access to on the job training, cross business learning and utilising the UBS University catalogue of available educational courses to increase their individual understanding.

They will be expected to be very adept at picking up new processes and procedures as well as understanding complex valuations and financial modelling. An in depth knowledge of excel is required as the role will involve building and maintaining complex algorithms to monitor the trades and confirm valuation pricing with the front office.

Diligence, accuracy, teamwork and being able to cope in a high pressure environment are essential.

The continuous development of the business necessitates individual involvement in both tactical and strategic change projects to improve the efficiency and control of current practices. As such the individual, as part of their day to day responsibilities, will be expected to challenge existing practices and become involved in driving out capacity improvements through engagement in the strategic as well as individual change agenda.

The role affords successful individuals the opportunity to progress their careers into many different roles and the chance to build relationships on the day to day interaction with different teams including Sales, Trading, Eq Derivs Change Team and the SPG Management team to name a few.

This is a highly technical role which will allow the individual to build on their understanding of derivatives and option theory whilst expanding into the team, the SPG and UBS.

You will have -

 A good working knowledge of Derivatives and Option Theory
- Knowledge of Investment Bank front to back environment
- Organised mindset with strong planning and analytical skills
- Proven Structured products experience
- Strong Excel skills

Desirable
- Fund product knowledge and understanding of CPPT/portfolio insurance type instruments
- Experience of calculating propriety indices embedded in structured products
- VBA would be desirable although not essential