Exotic Rates Bookrunner recruitment
Key Responsibilities:
• To generate an independent set of Risk and PnL outputs for a given set of Rates Exotics/Hybrids books. These will include products such as Interest Rate Swaptions, CMS Spread Options, Caps and Floors, Digitals, Range Swaps, FX Options, Basket Options, Rainbow Options and other complex Hybrid/Multi Asset Exotics derivatives.
• A complete review of all new deals will be conducted daily, to ensure that all regulatory and compliance issues are considered. Generation at end of each day, of a full Greek Risk analysis of the portfolio at large. Due diligence checks are performed and trader sign-off collected before sending results further downstream. Preliminary balance sheet submissions are made. Reconciliation of T0 Balance Sheets prior to Submission to T+1 teams in Financial Control.
• Bookrunners will liaise continuously with front office and business management to help in the development of the product range which our client offers its clients. Frequently this will include involvement in project type work. You need to have a strong understanding of the systems they use and develop them where required.
You will have:
• Solid Interest rate derivatives product knowledge, including the understanding of swaption, interest rate volatilities and models used for pricing Rates Exotics derivatives. Any additional risk qualifications (e.g FRM) will be beneficial.
• Candidates from a Front Office Derivatives Risk IT background would also be suitable for this role.
Relevant banking experience
• A mathematics/ quantitative finance background and understand how products are priced and understand the risk payoffs of the relevant trades.
• A strong team spirit attitude
• Strong communication and interpersonal skills and an ability to work efficiently within a team of highly motivated individuals.
• Advanced Excel knowledge is required. VBA or other programming knowledge (SQL) will be useful.
You will be:
• Degree or equivalent educated and a self starter