Information:
Job Vacancy Details
OTC Derivative Pricing and Risk SME
Investment Banking
Canary Wharf
Temp ⁄ Very competitive rates
Updated March 14, 2012
OTC Pricing Subject Matter Expert required to assist in the implementation of a strategic technology and operating model to support OTC Pricing across a number of products and functions within HSBC Securities Services.
A good working relationship will be required with the following key individuals/areas:
· Project Team, including IT
· HSS OTC Derivative Pricing and Risk Team
· BAs, Subject Matter Experts and System Analysts across other related middle office work streams
· Product Managers for impacted functions, eg Quantitative Risk and Valuation Group (QRVG), Treasury A&V, Operations Team and Vendor representatives,
· Senior managers across IT, Treasury, Global Pricing Team, A&V and Middle Office
Impact on the Business
· Work closely with both the project team and relevant business lines to ensure current processes are fully understood and documented.
· Assist with the creation of a new operating model around internal valuation.
· Accountable for ensuring the adopted solution meets the expectations and requirements of the business line(s) which are to be impacted.
· Provide input into the configuration of Calypso to ensure the end state solution us fit for purpose
· The SME is expected to raise any considered risks & issues with the Project Manager/ Product Manager, and log these into the Risk & Issue tracking tool used by the project team.
· Assist with set up of discount curves, forward curves, vols and other relevant reference/market data and prepare initial review of calypso out of the box models
· Interface with Quant team from Capital Markets to ensure model review and validation process is followed per documented agreements.
A professional manner is essential, and credibility with stakeholders will be central to the success of the role.
· Strong inter-personal and communication skills; must be capable of communicating clear, unambiguous requirements in both written and verbal forms, and interacting positively with IT, QRVG, vendors and central project team.
· Must be able to work independently as well as contribute in a team environment.
· Must be familiar with fundamentals of the environment concepts and configuration, i.e. have a reasonable grasp of the underlying technology supporting the business.
· Ability to build and maintain relationships with colleagues, clients and third parties.
· Ability to plan and organise workload to meet deadlines, taking into account
Who we're looking for
· University degree / Masters in business, finance, mathematics or related field.
· 7+ years experience in Product Control, Risk, Trading, Pricing or related project work.
· Ability to reverse engineer derivative valuations
· Understanding of key price drivers in each asset class
· Interpret price moves and impact on the Greeks
· Understanding of current market risk practices and underlying calculations
· Calypso implementation experience
About our client
Top Tier Canary Wharf Based Investment Bank
What's on offer
Very competitive rates
Michael Page Contact
For further info, apply or phone on 0207 645 1462.
Job Ref: 13183507
Your application will be sent to Mark Dalton.
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