Derivative Pricing SME

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VN-13011

Permanent

Cannon Place, London, EC4N 6HH

Competitive & bonus & benefits

19 May 2019

To ensure that the calculation of the total value of OTC trade exposures, in line with the conditions stated in the transaction documentation (ISDA Agreements and Credit Support Annexes) for specified clients, is properly undertaken.

  • To ensure that the calculation of the total value of OTC trade exposures, in line with the conditions stated in the transaction documentation (ISDA Agreements and Credit Support Annexes) for specified clients, is properly undertaken.
  • To build and develop models for the pricing methodology and requirements for new instrument types entered into by the fund managers, ensuring that all derivatives valuation platforms provide accurate pricing calculations.
  • To liaise with counterparties and other Operational areas to resolve queries and overcome operational difficulties.
  • To update and maintain records on relevant systems to enable valuation, accounting and monitoring activities to be accurately completed for daily priced clients in line with agreed deadlines. 
  • To prepare and distribute reports providing management information on outstanding trades, analysis of positions, price queries and issues resolved or still to be resolved.

Essential

  • University Degree or equivalent experience preferable
  • Strong PC skills particularly in Microsoft Excel
  • Familiarity with derivatives documentation and processes gained in leading investment bank or asset manager.
  • Highly numerate ideally with experience of modelling and pricing vanilla & complex interest and inflation rate derivative products or similar products
  • Accurate and timely delivery of work in a deadline sensitive and pressured environment
  • Eagerness to develop new skills and learn functions
  • Self disciplined, organised and self motivated
  • Good written and verbal communication skills
  • Team player who is flexible in their approach to work

Desirable

  • CFA Qualification
  • Ability to write Excel macros, Python coding ability
  • Previous use of Lombard Risk Oberon and Colline software, Beauchamp FM and Markit PV systems or equivalent
  • Good experience in portfolio administration covering a wide range of operational functions
  • Detailed experience and understanding of the Credit Default Swaps, Total Return Swaps and OTC options
  • Able to see the ’bigger picture’ in terms of considering effect on downstream processes and adding value across the business.
  • Able to challenge current conventions and bring fresh perspective to processes to identify efficiencies and risk reduction. 

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, at least 25 days’ holiday, private medical insurance, performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.

About L&G

LGIM is the investment management arm of Legal & General Group, a FTSE 100 company. We are one of Europe’s largest asset managers and a major global investor, with assets under management of £983.3bn* (as at 31 December 2017). Our success has been built by focusing on clients and providing them with services and solutions that meet their needs. We offer strategies across the full spectrum of asset classes, including equities, bonds, property, alternatives and cash, as well as multi-asset strategies tailored to the needs of institutional and retail investors.

LGIM is one of the world’s leading providers of index fund management. We are at the forefront of developments in liability-driven risk management solutions for defined benefit pension schemes, a leading provider of defined contribution solutions and also offer wide range of strategies to help our clients manage their investment objectives. LGIM continues to innovate as markets evolve, building strong relationships with clients including pension scheme, sovereign wealth funds, wealth managers and other professional investors.

We understand that our scale brings responsibilities. We play an active role in the companies we invest in, from exercising shareholder voting rights to directly engaging with companies at a board level. By engaging with businesses, we aim to unlock value for investors and shape the future and sustainability of financial markets.

In addition to having a leading position in the UK, we have selectively expanded into new markets across Europe, the Middle East, Asia and the US. We believe that translating our capabilities to reflect the needs of our international clients will mean we are well placed to help them achieve their objectives.

*LGIM internal data as at 31 December 2017, including derivative positions and advisory assets. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor.

About the business area

LGIM manages fixed income, equity, multi-asset, liability-driven investment, property and alternative solutions on behalf of its clients. Located across the globe, our clients include institutional pension funds, financial institutions, local authorities and sovereign wealth funds. In order to meet the complex and evolving investment needs of our clients, we focus on remaining at the forefront of investment product innovation and maintaining our reputation as experts across all asset classes.

We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation or age.

About L&G

LGIM is the investment management arm of Legal & General Group, a FTSE 100 company. We are one of Europe’s largest asset managers and a major global investor, with assets under management of £983.3bn* (as at 31 December 2017). Our success has been built by focusing on clients and providing them with services and solutions that meet their needs. We offer strategies across the full spectrum of asset classes, including equities, bonds, property, alternatives and cash, as well as multi-asset strategies tailored to the needs of institutional and retail investors.

LGIM is one of the world’s leading providers of index fund management. We are at the forefront of developments in liability-driven risk management solutions for defined benefit pension schemes, a leading provider of defined contribution solutions and also offer wide range of strategies to help our clients manage their investment objectives. LGIM continues to innovate as markets evolve, building strong relationships with clients including pension scheme, sovereign wealth funds, wealth managers and other professional investors.

We understand that our scale brings responsibilities. We play an active role in the companies we invest in, from exercising shareholder voting rights to directly engaging with companies at a board level. By engaging with businesses, we aim to unlock value for investors and shape the future and sustainability of financial markets.

In addition to having a leading position in the UK, we have selectively expanded into new markets across Europe, the Middle East, Asia and the US. We believe that translating our capabilities to reflect the needs of our international clients will mean we are well placed to help them achieve their objectives.

*LGIM internal data as at 31 December 2017, including derivative positions and advisory assets. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor.

About the business area

LGIM manages fixed income, equity, multi-asset, liability-driven investment, property and alternative solutions on behalf of its clients. Located across the globe, our clients include institutional pension funds, financial institutions, local authorities and sovereign wealth funds. In order to meet the complex and evolving investment needs of our clients, we focus on remaining at the forefront of investment product innovation and maintaining our reputation as experts across all asset classes.

We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation or age.