Job Description
To ensure that whenever a new derivative trade is added to the balance sheet, it is correctly transfer-priced and risk-managed for lifetime costs
Hello Future XVA Structurer
Are You Someone Who Can
Investigate the impact of any derivative-related activity on the balance sheet in terms of the costs it could generate across the lifetime of the deal and how this could influence regulatory reporting
Transfer price those costs, based in findings, and provide recommendations on how to structure the deal better to optimise the balance sheet
Manage the position for its residual market risks, once the deal is in place, and has been transfer priced to the BRM desk
Display understanding of relevant legal agreements governing specific transactions in order to price them correctly
Advise all relevant stakeholders on appropriate actions to be taken in the case of a credit event
Apply judgement to make decisions where there may be no clear guidelines
Engage with stakeholders to explain how BRMs objectives impact their business
Work closely with all internal stakeholders to understand their needs, adapting communications to meet the needs of different audiences and audience levels
Challenge current practices and use influence and change management skills to achieve buy-in to new approaches, particularly in terms of parameters, models and appropriate levels
Incentivize appropriate stakeholder behaviour to optimise the balance sheet
Ensure recommendations are in the Groups best interests and do not incentivize short-term or individual gains
Develop operational and system processes to fulfill the above and identify opportunities to enhance these where appropriate
Liaise with BT regarding system requirements e.g., what is needed, how it could work, how to get better access to data, how to clean data and make it more reliable
Demonstrate pride in the organisations brand services and products by consistently delivering on the brands promise
Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained
Stay relevant and up to date with legislations and new developments
Maintain a positive attitude and respond openly to feedback
Handle stress in ways that do not negatively impact others
Plan and manage own workflow anticipating obstacles juggling priorities and following through on objectives within agreed time frames and according to quality standards
Take ownership of personal career development leveraging formal and informal opportunities
Read situations and organisational realities
Set aside personal agenda for the greater good
Act in an ethical transparent and morally defensible manner including highlighting unethical practices
Share debate and communicate learningsd
Flag and debate issues constructively
Promote a friendly cooperative climate
You Will Be An Ideal Candidate If You Have:
Minimum Qualification: Relevant post-graduate qualification (e.g. post- graduate quantitative degree in mathematical / actuarial / statistics/ engineering /financial mathematics discipline)
5+ years' trading and/or financial engineering experience with exposure to derivative structuring/trading, quantitative modelling, and risk management
Any specific skillset required for the role: Financial engineering or actuarial science