The role will offer exposure to the front office trading team, on a desk that has model-driven understanding at the core of its methodology. This is an excellent opportunity to join a growing desk within a highly profitable area of the bank.

The day to day responsibilities for this role will be:

Approval of large and/or complex IR exotic trades to ensure the exposure falls within limits.
Continued enhancement of our structured/exotic derivatives risk-reporting framework.
Thorough understanding of both vanilla and exotic interest rate products traded within the bank and the models used to value & risk manage them.
Perform and develop new stress scenarios for IR exotic portfolios.
Enforce, enhance and implement market risk control limits, methodology and policies.
In conjunction with Financial Control you will be involved in the monthly valuation reviews and EITF discussions.
Be involved in the design phase/specifications of any front office system developments.

Ideal candidates for this role will possess:
 
Strong quantitative and analytical background.
Graduate from a top university in Maths, Physics, Engineering or Finance with a minimum degree result of 2:1.
Minimum of Masters degree in a related subject.
Proven experience within a Market Risk Control or trading environment.
High Technical Knowledge of especially exotic interest rate products and pricing models, e.g. Hagan, BGM & SVBGM, Multi currency Vasicek.
Good Excel; VBA and Access skills.
Self-starter/entrepreneur, innovative, team worker, outgoing and confidant of his/her abilities.

If you have the requisite background and would like to be considered for this role then please send me through your details and I will be in touch shortly.