Derivatives Trader

4 weeks ago

Singapore CREDIT INDUSTRIEL ET COMMERCIAL Full time
Roles & Responsibilities

JOB ROLE DESCRIPTION – SUMMARY

The Derivatives and Structuring Analyst contributes to the profitability of the Interest Rates Derivatives and Structuring activity, by proactively managing client interest rates flows, offering interest rates hedging solutions to clients, designing and structuring EMTN, managing associated interest rates risks, ensuring the development of the framework, in respect to market and credit risk limits.

The Derivatives and Structuring Analyst manages the creation of structured products with appropriate type and pricing to meet market and clients’ strategic financial objectives and needs. He/She monitors the performance of structured products and recommends relevant improvement and adaptations.

The Derivatives and Structuring Analyst is detail-oriented and has sound technical knowledge of the organisation’s financial products. Keeping abreast of new or existing products is essential for him to understand the changing needs of his clients.


Key Tasks

Advise/Price structured products for clients

  • Design, price, execute and hedge Structured products issued under CIC EMTN program or under IR hedging solutions to clients
  • Develop new payoffs and products based on client’s strategy and needs
  • Work with internal teams to translate clients' needs into existing structured products
  • Compile reports of all stakeholders' needs and product recommendations

Evaluate structured product performance

  • Propose adaptations to existing products based on client feedback

Source origination opportunities

  • Gather market intelligence from various channels and sources on new issues, competitors' deals, volume information and valuation benchmarks
  • Conduct market analysis to understand updated trends and prospective clients' needs
  • Prepare pitch books and marketing presentations for origination
  • Review underlying deal documentation
  • Provide secondary market to CIC EMTNs where applicable, and proactively manage the existing stock in particular with reference to calls

Manage risk and regulatory matters

  • Compile information on developments in relevant laws and regulations
  • Perform due diligence on investment opportunities including market research, risk-based modelling and third-party report analysis
  • Work with legal teams to complete required documentation
  • Ensure adherence to all financial risk limits set by Head Office
  • Adhere to FX Global Code of Conduct and all other internal & external regulations at all times
  • Ensure trading procedures are governed within set trading limits
  • Price initial CVA (Credit Valuation Adjustment) and FVA (Funding Valuation Adjustment) for new derivatives or structures, and monitor new developments in that space in the market

Manage interest rates derivatives pricing and trading

  • Monitor the market for news, potential disruptions and opportunities
  • Conduct pre-trade analysis and trade verifications
  • Price, execute and hedge interest rates derivatives clients flows
  • Execute trades based on orders received
  • Manage residual risk positions
  • Manage pre-execution hedging coordination for syndicated flows

Contribute to profitability and efficiency of the Derivatives desk

  • Contribute to profitability of the Interest Rates Derivatives and Structuring activity
  • Maintain and develop pricing, risk and ad-hoc systems linked to the activity (Lexifi, WASP, replacement Numerix, CVA simulation engine, etc.)
  • Assist in preparing presentation/data for the desk/dealing room

Support Money Market and ALM

  • Cross coverage with Money Market desk for daily business activities
  • Assist ALM in maintaining and publishing pricers for liquidity cost spreads including EMTN issuances spreads
  • Price long term funding cost and premium

Requirements

  • Minimum Bachelor's degree or its equivalent
  • At least 3 years of experience in interest rate products (can be in sales of interest rate products)
  • Completed relevant CMFAS module examinations
  • Strong interpersonal and communication skills
  • Ability to work under pressure, both independently and in a team environment.
  • Proficiency in Microsoft Office

Tell employers what skills you have

Market Research
Hedging
Derivatives
Due Diligence
Valuation
Books
Market Analysis
Publishing
Market Intelligence
Money Market
ALM
Financial Risk
Pricing
Credit Risk

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