OTC Execution

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Axa Investment Managers - Emplois
  • 13 Oct 17 2017-10-13

The role involves collaborating with the wider TSF Derivatives Management Team. Thus the reporting line is to the TSF Head of Derivatives Management (based in Paris) who will be responsible for setting objectives and appraisal of performance against such objectives, with input from the TSF Head of FI/FX Execution (in the UK) – who has local oversight - as necessary.

We are an active, long-term, global, multi-asset investor focused on enabling more people to harness the power of investing to meet their financial goals. By combining investment insight and innovation with robust risk management we have become one of the largest asset managers in Europe, managing €679bn in assets as of the end of June 2016. We employ about 2,400 people around the world and operate out of 22 countries.
We are proud to foster a high-performance culture, which means that we seek to recruit and retain people who are not only technically-skilled but also globally-minded, innovative and able to leverage their unique perspectives and life experiences to support our success as a company.

The role will be within the newly merged TSF and AXA D team. The primary responsibility is to execute OTC derivative trades (Interest Rates, Inflation, Equity, FX and Credit) for both internal and external UK clients, as well as advisory services with regards to OTC derivatives..

The role involves collaborating with the wider TSF Derivatives Management Team. Thus the reporting line is to the TSF Head of Derivatives Management (based in Paris) who will be responsible for setting objectives and appraisal of performance against such objectives, with input from the TSF Head of FI/FX Execution (in the UK) – who has local oversight - as necessary.

Key Accountabilities :

General responsibilities :
-Contributing to the UK OTC Derivatives management activity within the local execution team and ensure UK representation within the Global TSF Derivatives Management business.
-Maintaining effective relationships with internal and external clients (with a focus on local PM team such as UK LDI)and attending PM internal meetings where required.
-Price and execute derivatives
-Update, maintain and develop pricing and desk tools with the help of the quantitative team
-Construct and articulate views on potential discretionary positions,
-Possess thorough understanding of the operational processes and controls involved with executing and managing cross asset portfolios encompassing exposure to derivative instruments,

Infrastructure and Governance:
Contribute to team governance:
-Attend and contribute to Counterparty reviews.
-Coordinate with TSF business quality to ensure best execution and adherence to other first level controls.
-Monthly and quarterly governance meetings with FMs and if needed clients.
-Represent TSF team at Best Execution Committee meetings if required
-UK LDI Investment Markets Committee – when required.

-Support and contribute to the development of desk based tools and applications

Business Development:
-If needed provide support to Distribution to help develop capability and strengthen proposition of Derivatives Management.
-Contribute to and attend client/consultant meetings as required
-Supply appropriate commentary for internal and external client performance reporting
-Contribute to UK LDI business strategy plans in collaboration with broader MACs Solutions Teams (structuring, product development) to mitigate risk and/or enhance returns.

Execution/Advisory
Structuring, pricing and executing derivatives on all types of underlying (including Interest Rate, Inflation, Equity, FX, Credit):
-Proactively act by recommending trading / restructuring existing derivatives strategies liaising with the client, or make restructuring proposals to the client. Participate in the regular Derivatives Management team meetings if required
-Contribute to and participate in the monthly Derivatives Market Watch with a special focus on UK market if required
-Contribute to the enhancement of the Derivatives operational tools and processes
-Comply with AXA IM Risks and Controls (R&C) standards and adhere to TSF Business Quality first level controls.

Role Requirements:

Education/Qualifications:
-Quantitative and financial background preferred with IMC or CFA or aptitude to successfully complete additional professional qualification if required.

Experience:
-3-5 years relevant experience in asset management, investment banking, or insurance with a focus on derivatives

Knowledge and Skills:
-Knowledge of the UK pension and insurance market preferable (regulation, eligibility, accounting)
-Good written and oral communication skills, with a focus on client presentations and technical information analysis.
-Proactive in displaying leadership skills to effectively demonstrate process and capability of team.
-Strong numeracy and accuracy skills
-Strong knowledge of Excel and Bloomberg (ability to develop macro)
-Strong Team culture and ability to work with other teams within AXA IM.
-Strong understanding of Risk and Compliance framework.

Competencies:
-Solutions approach i.e. effective capacity to integrate different skills sets (finance, legal, regulatory and accounting, quant etc) to address the needs of clients.