Our client is a Tier 1 UK Bank that is currently looking for a Interest Rate Modelling/Structuring individual to join their project team in London.
This role will form part of the Finance and Modelling workstream for the SME derivative review, the individual will be responsible for the calculation of the cost of redress and any compensation due to clients as determined during the review.
Modelling mark-to-markets and past cashflows on both existing interest rate derivatives and potential redress alternatives, determining levels for alternative hedge as of original trade date. Calculation of interest on past cashflow compensation at appropriate rates. Additional modelling and analysis as required for client situations and for project.
Skills & Experience:
Strong academics to degree level (A/B A-Level, 2.1 or higher degree), including mathematical subjects.
3+ years of experience of vanilla and exotic interest rate derivatives (preferably trading/structuring).
Strong numeric and analytical skills. Ability to model vanilla and complex IR derivative products.
Ability to meet both regular and ad-hoc deadlines.
Good communication skills