Trader, Structured

To price, book and risk manage structured derivative transactions, with guidance from and / or in support of more experienced traders, to optimise trade profit. The emphasis is on ensuring all bookings are captured accurately to reflect the correct valuations for our clients and internal reporting.  Candidates with some sort of “AI background” will be favorably considered.Job FunctionRisk, Regulatory, Prudential & ComplianceAdhere to all relevant organizational and departmental policies, processes, standard operating procedures and instructions to ensure work is carried out to the required standard and in a consistent manner while delivering high quality service to clients and stakeholders.Book / capture more complex structured derivative transactions.  Compile activity, position and profit and loss reports according in a timely manner to support decision-making.Technology & ArchitectureEnsure good understanding and optimal usage of structuring and trading tools and systems and keep up to date with the fast-changing technological, product, market and Client environments to facilitate structured trading activities.At a minimum, 2 years’ experience in Murex and/or similar other Derivative based trading systems.  ClientMonitor, collect and analyze historic, current, and expected market developments, trends, and performance to proactively translate these into appropriate market color, trading positions and price making activity.Price and risk manage transactions with guidance from experienced structured traders.Prepare and provide internal and external Clients with consistent, competitive, and timely pricing / formation (both traditional and non-traditional) for trades.Major part of this role relates to valuation of complicated derivative structures from first principles.Execute basic client trades efficiently to optimize revenue and profit for the desk and for global markets business, in line with defined trading limits, guidelines and protocols.Book / capture more complex structured derivative transactions.  Compile activity, position and profit and loss reports according in a timely manner to support decision-making.Compile activity, position and PLA reports in a timely manner to support decision making (i.e. not just ability to compile but also to understand).DataLeverage data, insights and analytics to inform price making against the market and to assess and improve desk performance.Compile and utilize data extracts from multiple source systems to structure hedging decisions.Monitor and assess PLA (profit and loss attribution) across products and portfoliosDetailed understand the relationships between Front Office and Back Office/Risk systems to ensure accurate capturing of risk/profit and loss. Be the first defense after Trade Support for all trade queries that are escalated to the Structured Trading desk.PeopleGuide and upskill to ensure that work outcomes are achieved, to empower and support, and to foster a culture that enables courage, confidence and hunger to win.Be able to work in teams and be a team player.Structuring ProductsDetailed knowledge of interest rate and credit derivatives – knowledge of the ‘cash/vanilla’ side of these products is not enough.Moderate understanding of complex derivative structuring across asset classes, specifically to Financial Institutions as well as retail.Experience in XVA structuring or supportAbility to drive new products through New Product / Structured Trade and other Risk based Committees.Ideally have some sort of experience with Special Purpose Vehicle (“SPV”) management.Develop a deeper understanding of risk drivers, risk reporting and relevant frameworks in order to clear risk and start assisting with risk management responsibilities. Where required, engage with major hedge providers within the market, for effective and efficient execution of trades.Book / capture more complex transactions.  Compile activity, position and profit and loss reports accordingly in a timely manner to support decision-making.Stay abreast of product innovations in the market to keep the (Trading Desk) value proposition and product offering relevant.