Derivative Pricing SME

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VN-7561

Permanent

1 Coleman Street, London, EC2R 5AA

Competitive + Benefits + Bonus

31 December 2017

To carry out all tasks as necessary to ensure the ongoing accurate and timely administration of LGIM’s funds.  This includes the coordination and checking of tasks undertaken by external parties and external systems providers.

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.

To identify changes required to task lists, procedures manuals and risk controls, and advise the Pricing Manager accordingly

To communicate with, assist and advise Front Office, Investment Risk, Investment Operations and other staff on derivative activities and pricing approach and methodology.

To act as the first point of escalation for respective day to day issues, ensuring that the Pricing Manager are aware of current position and action being taken to address the issues.

To participate in Derivative Pricing projects including new instruments, new clients and new vendors as well as projects that provide efficiencies and automation. Actively managing these in line with expectations. Ensuring that the Pricing Manager is aware of current status, issues arising and expected delivery date.

Essential:

  • University Degree
  • 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
  • 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 22 days’ (with potential to rise to 25 days) holiday, 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

Legal & General Investment Management is one of Europe’s largest asset managers and a major global investor, with total assets of GBP 957 / EUR 1,090 / CHF 1,191 billion*. We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors

Throughout the past 40 years we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.

*as at 30 June 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

Legal & General Investment Management is one of Europe’s largest asset managers and a major global investor, with total assets of GBP 957 / EUR 1,090 / CHF 1,191 billion*. We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors

Throughout the past 40 years we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.

*as at 30 June 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.