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Structuring Desk - European Corporates

Ref #: 327
Location: UK
Salary: £125,000 - £200,000 + Bonus + Benefits
Type: Permanent
City Wharf Financial Recruitment have been mandated by a global mid-tier bank to help recruit for two positions a Senior Director (Team Leader) and VP for the internal structured product desk. Suitable candidates will have in-depth expertise of Interest Rate Derivatives (Options /Exotixs) structuring from a reputable investment bank /institution.  Very attractive salary and bonus is on offer to the successful candidates. Preferably you will have covered European corporate clients and speak some european languages

Job Specification
Our clients internal Structured Product Desk works closely with Non Linear Trading and Sales to create, structure and trade non-vanilla products for clients' investment and asset & liability requirements. The structured product desk acts as a bridge connecting Financial Market’s trading capabilities with clients’ need for more bespoke, non-standard and sometimes complex products & solutions.

The structuring desk is the centre for the innovation of new products and ideas offering clients a wider range of products in cash, and derivative products in Rates, FX and Credit. The structured product desk also works on strategic projects that help find solutions to internal or market constraints and respond to regulatory developments.

Key products: Total Return Swaps, One Legged Swaps, CLNs, SPV based issuances, Credit Contingent swaps, Securitisation/Covered bond swaps, Interest Rate Caps (caps with running or contingent premium), Collars (zero cost, knock-in), Structured Swaps (knock-out, multi-callable, puttable, window), Structured Notes – with various FX and IR payoffs and Index Trades.

Main Duties and Responsibilities of Role:


Structuring, pricing and execution of structured deals & solutions required by corporate clients, financial institutions and private investors in collaboration with the structuring colleagues, the various trading desks, the quant team and the global sales teams.
Generating ideas and opportunities for new and existing clients through research, financial modelling and industry analysis.
Follow-up on regulatory evolutions and analyse their impact in the business.
Ensure trades and books are properly monitored and managed with accurate risk capture and pnl report. This would include monitoring cash flows, triggers and approval conditions.
Establish/maintain regular contact with the sales desks, relationship managers and other internal businesses with a view to identifying business opportunities and enhancing Structured Products business with them


Career Potential


It will provide suitable candidates with a unique opportunity to gain exposure to virtually the full range of Financial Markets products and a wide range of markets whilst working within a team atmosphere with a wide range of experienced professionals.
It will enable you to then choose products and markets, within this wide remit, to specialise and giving you a chance to develop skills which would be useful for a career in Financial Markets.


Qualification/Education

Essential:


Educated to Degree Level (science/maths/management/accounting)


Experience/Knowledge

Essential:


In depth understanding of interest rate & credit derivatives from a structuring, pricing and documentation point of view
Experience in similar structuring or trading (credit/interest rate derivatives) roles at similar level
Experience in developing and marketing complex solutions to bank’s customers
Experience in developing/using analytical tools for pricing, valuations and simulation
Proven ability to work and collaborate across functions
Ideally wil have covered mainly european corporate clients and speak a few European languages


Please only apply if you have suitable experience and we will only contact those applicants we consider suitable. If you have not heard from us within 48hrs please assume you have been unsuccessful.
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