AVP - Structured Credit Trading Introduction: The candidate would Work within a team that covers APAC & EU hours supporting a team of traders across a global Structured Credit Trading business. The business offers asset side investor products focusing on CLNs, repacks of bonds, arbitrage notes (skew, negative basis) covering distributors, private banks and institutional clients across Europe and globally. The hired professional is expected to develop intimate knowledge about all the products that the desk offers and also be able to price/structure these products independently.
What will you be doing?
Assist the desk in managing current trade inventory and coming up with new trade ideas
Provide pricing support for CLNs and repacks. Understanding of CVA and XVA
Manage trade booking and all operational aspects on CLNs, Repacks and other structured notes (Day 1 trade booking, risk reconciliation, Credit events, unwinds, restructures, counterparty setup)
Provide daily valuations of all structured notes printed by the desk while being able to explain any changes in price
Daily PnL reconciliation – being able to build independent PnL sheets and sense check numbers in risk systems
Helping build and optimise everyday tools used by desk traders
Build and maintain trade and booking database
Help manage all risk reports (credit risk, market risk) and present data for senior management
Track trades done and provide secondary market valuations for clients
What we're looking for:
Knowledge of Credit derivatives and their risk factors and pricing
Quantitative background from a top tier school
Excellent communication skills (oral/written) as the candidate would have to work with Onshore teams globally. They would have to speak to the traders.
Skills that will help you in the Role:
Strong Analytical Skills
Aptitude for self-learning and able to operate independently
Proactive in nature. Should be able to take decisions and support those.
Good to have: Ability to code in python or C++ or VB (Macros)
Where will you be working? Mumbai
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