Exotic Rates Middle Office (Vice President) recruitment

Your main responsibility will be to act as 2nd in command to the Head of the Rates Exotics Risk and Pl Group, providing guidance to the team in resolving daily risk and PL Production issues and to generate an independent set of outputs, with appropriate communication and escalation of issues as they arise.

Key Responsibilities:

-The supervisor will need to have the right level of maturity and confidence to coach, mentor and develop junior bookrunners and also be capable of building strong relationships with our key Business Partners.

-Production of Flat Risk positions at close of business and full Risk sensitivities computed overnight for review on T+1, prior to publication to Front Office and other downstream users.

-A complete review of Portfolio Activity, to ensure the validity of any New Trades, Amendment or other action has been accurately captured and correctly attributed.
Derivation of a fully attributed PL, in order to validate the daily change in Portfolio value, Positions and New Activity.

-Initial review of Balance sheet submissions in order to provide Finance with appropriate level of scrutiny prior to their Formal sign off.

You will have:

-Proven banking experience within a Rates Exotics Product Control Environment.
Postgraduate/MBA Qualification preferable with strong Maths/Quantitative/Finance bias.
Strong knowledge of Rates Derivatives (both vanilla and exotics) is required. Consideration will be given to candidates from other Exotics/Complex product backgrounds to the extent that they can demonstrate how their current product knowledge can be leveraged in understanding Rates Exotics and Hybrids derivatives.

-An understanding of all the key components of the products they have had exposure to, including an appreciation of the risk payoffs of interest rate derivatives and how these interrelate within a Risk-based PL attribution framework.

-Ability to work on multiple projects at the same time and multi task effectively.

-Ability to be hands-on and be prepared to “deep” dive into problems as they arise. This will include (but not limited) to assisting bookrunners with daily production/ Run the Bank (RTB) issues, running books as part of learning the full front to back Rates Exotics Trade Capture/Risk PL infrastructure.

-Experience at managing a group of 5-7 pl controllers.

-Knowledge of MS Office Apps, VBA.