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Derivatives Strategist/Trading Rotation Program., London
- UK - City of London - London
- Highly Competitive
- Full-Time Permanent
- Financial Services - Research
- 02-09-08
Job Description
A tier 1 investment bank is offering a unique position to an Associate level Equity derivatives analyst/Strategist to work in a role which will see you using your technical skills in 3 different positions, forming an 18- month rotation scheme. You will spend 6-months working on the Equity derivatives Structuring desk, Strategy desk and finally on the trade desk. In each position you will be performing the role with full responsibilities therefore entry level candidates cannot be considered and you must be working as a minimum of associate/VP level derivatives strategist/Analyst.
Breakdown of 3 roles
The first 6 months will be spent at an Equity Derivatives Structurer with responsibilities including:-
-Daily exotic equity derivatives pricing for a range of clients.
- Developing new payoff and thematic structures
- Building excel based equity index analysis tool for hedging index and gauging tracking errors
- Constructing vanilla pricing templates and back-testing tools for equity flow derivatives sales
The second part of the program will be spent working as an Equity derivatives strategist will responsibilities including:-
-Generating trading & investment ideas related to equity derivatives for sales and traders, including assisting in selling these ideas to clients.
- Collaborating with traders to back test trading opportunities on listed products (equity, options and futures) & OTC products (variance swaps, dividend swaps, dispersion swaps, exotic options, etc) and to develop databases for analysis.
-Collaborating with sales and structuring group to construct innovative custom baskets and thematic indices, take advantage of fundamental and volatility views to construct new structured products.
- Providing research and analysis on ad-hoc requests (hedging basket, index rebalance, impact analysis due to corporate actions, futures roll, etc) from both external clients and various internal groups.
The final 6 months will be spent working as Junior Trader on the Index Exotic trading book.
- Product coverage will include auto callable and forward starting options (Single and multiple underlying).
This program is designed to provide Associate level Equity Derivatives Candidates with experience within the 3 most stimulating areas of the business. You will be receive full compensation for the role and will also receive a bonus at the end of each 6 month period on the desk which would be in line with both the performance of the team and individual performance. Within the trading role you will receive a percentage of the P&L.
At the end of this program you will be given the option of joining the desk which you feel would best suit your skill set. The program is initially set up to take place in London however there is also an option for candidates to spend some/all of the time in Asia if preferred. This is a rare opportunity, not offered by many banks within the E
Breakdown of 3 roles
The first 6 months will be spent at an Equity Derivatives Structurer with responsibilities including:-
-Daily exotic equity derivatives pricing for a range of clients.
- Developing new payoff and thematic structures
- Building excel based equity index analysis tool for hedging index and gauging tracking errors
- Constructing vanilla pricing templates and back-testing tools for equity flow derivatives sales
The second part of the program will be spent working as an Equity derivatives strategist will responsibilities including:-
-Generating trading & investment ideas related to equity derivatives for sales and traders, including assisting in selling these ideas to clients.
- Collaborating with traders to back test trading opportunities on listed products (equity, options and futures) & OTC products (variance swaps, dividend swaps, dispersion swaps, exotic options, etc) and to develop databases for analysis.
-Collaborating with sales and structuring group to construct innovative custom baskets and thematic indices, take advantage of fundamental and volatility views to construct new structured products.
- Providing research and analysis on ad-hoc requests (hedging basket, index rebalance, impact analysis due to corporate actions, futures roll, etc) from both external clients and various internal groups.
The final 6 months will be spent working as Junior Trader on the Index Exotic trading book.
- Product coverage will include auto callable and forward starting options (Single and multiple underlying).
This program is designed to provide Associate level Equity Derivatives Candidates with experience within the 3 most stimulating areas of the business. You will be receive full compensation for the role and will also receive a bonus at the end of each 6 month period on the desk which would be in line with both the performance of the team and individual performance. Within the trading role you will receive a percentage of the P&L.
At the end of this program you will be given the option of joining the desk which you feel would best suit your skill set. The program is initially set up to take place in London however there is also an option for candidates to spend some/all of the time in Asia if preferred. This is a rare opportunity, not offered by many banks within the E
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