Business Segment: Corporate & Investment Banking
Location: ZA, GP, Johannesburg, Baker Street 30
To structure, price and assist risk managing transactions, with guidance from and / or in support of more experienced structured traders, to optimize trade profit.
Risk, Regulatory, Prudential & Compliance Adhere 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.Technology & Architecture Ensure 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. Client Monitor, collect and analyze historic, current, and expected market developments, trends, and performance to proactively translate these into appropriate market colour, 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 client trades such as credit linked notes/derivatives, equity linked notes and derivatives, interest rate swaps, cross currency swaps etc.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).Data Leverage 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 defence after Trade Support for all trade queries that are escalated to the Structured Trading desk.People Guide 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 Products Detailed 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. Qualifications Minimum Qualifications Type of Qualification: First Degree
Field of Study: Degree in Actuarial, Engineering or a relevant discipline
Type of Qualification: First Degree
Field of Study: Post Grad degree in Maths, Science, Finance, Actuarial, Investment
Charter Holder-At least RPE/ FRM but ideally a CFA holder
Experience Required Basic knowledge of a specific area of derivative structuring, trading and all relevant asset classes and financial products, sound understanding of personal trading limits and associated economic and market drivers. Alternatively, knowledge/experience of a support area for derivative structured trading.
Experience demonstrating understanding and application of appropriate market knowledge, norms and principles in complying to market rules and regulations.
Understanding and application of quantitative models and underlying code, be able to aggregate/analyse multiple sources of risk. Fair understanding of financial and global markets, along with financial analysis, modelling and valuation skills.
Detailed knowledge working in trading / investment systems, bookings, trouble shooting, product development etc.
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