At a Glance
- Tasks: Implement margin models and risk analytics for Cleared OTC and ETD products.
- Company: Dynamic financial services firm with a focus on innovation.
- Benefits: Competitive salary, professional development, and collaborative work environment.
- Other info: Engage with clients and industry experts while growing your expertise.
- Why this job: Join a team shaping the future of cleared derivatives and make an impact.
- Qualifications: 5+ years in financial services, strong analytical skills, and a relevant degree.
The predicted salary is between 60000 - 80000 £ per year.
The Product Specialist will be a credible, experienced financial industry professional with excellent communication skills. They should have deep product knowledge in Cleared OTC and Exchange Traded Derivatives (ETD), including CCP margining frameworks, with a strong interest in expanding their expertise across the cleared derivatives trade lifecycle. They will deepen their understanding of pricing and modelling for these products, while collaborating closely with internal teams and clients.
Key Responsibilities
- Product: Implement new margin models and risk analytics for Cleared OTC and ETD products. Develop deep expertise in Cleared OTC and ETD margin methodologies, including CCP SPAN, SPAN2, PRISMA, and VaR-based models, and assist in defining the requirements for implementing new models or updating existing ones. Support the Cassini Support team in validating results and resolving discrepancies, including those related to market inputs, pricing issues, and assumptions. Maintain a deep understanding of risk and effectively communicate complex concepts to both internal and external stakeholders. Participate in relevant industry working groups to stay up-to-date and maintain subject matter expert (SME) knowledge. Support the implementation of new models and risk analytics by developing prototypes in Excel or Python to assist with model design and testing. Collaborate with product owners to define and communicate model requirements for successful implementation.
- Client-Facing: Provide SME guidance and support to the Client Delivery team for all client implementations within their area of expertise. Offer SME assistance to Pre-Sales and Sales teams during prospect demos and presentations. Identify client challenges and translate them into potential future Cassini solutions through pre-sales calls, quarterly business reviews, or working groups with existing clients. Engage regularly with clients to explain and enhance their understanding of pricing and margin methodologies.
Relevant Experience
- A successful candidate will have the following experience: Experience working in Cleared OTC or ETD Derivatives, ideally at a CCP, clearing member, or buy-side firm with significant cleared activity. Strong knowledge of Cleared OTC and ETD products across asset classes and levels of complexity (linear and non-linear), including familiarity with major CCPs (e.g. LCH, CME, Eurex). Familiarity with Present Value (PV) calculations and differences between product types and markets. Expertise in CCP Initial Margin methodologies such as SPAN, SPAN2, PRISMA, or other VaR/risk-based cleared margin models. Understanding of the post-trade software solution landscape. Experience participating in industry working groups.
Requirements
- Strong quantitative, analytical, and problem-solving skills. Exceptional written and interpersonal communication skills, with the ability to effectively engage with both internal teams and clients. Strong presentation and public speaking abilities, with experience addressing clients directly. A Russell Group university degree (2.1 or above) in a relevant field. At least 5 years of experience in the financial services industry, specifically in Cleared OTC and/or ETD Derivatives.
Reporting Line
The Product Specialist will report to the Head of Product Delivery.
Product Specialist – Cleared OTC and ETD in London employer: Cassini Systems
At Cassini, we pride ourselves on being an exceptional employer in the financial services sector, offering a dynamic work environment that fosters collaboration and innovation. Our London-based team enjoys a culture of continuous learning, with ample opportunities for professional growth and development, while working on cutting-edge technology that shapes the future of liquidity risk management. With a strong focus on employee empowerment and a commitment to excellence, we ensure that our staff are not only challenged but also supported in reaching their full potential.
StudySmarter Expert Advice🤫
We think this is how you could land Product Specialist – Cleared OTC and ETD in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can help you land that Product Specialist role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Cleared OTC and ETD products. We recommend creating a cheat sheet of key concepts and recent industry trends to impress your interviewers and show off your expertise.
✨Tip Number 3
Don’t shy away from asking questions during interviews! We want to see your curiosity about the role and the company. It shows you’re genuinely interested in the position and eager to learn more about how you can contribute.
✨Tip Number 4
Apply through our website for the best chance at landing the job! We make it easy for you to showcase your skills and experience directly to our hiring team. Plus, it’s a great way to stay updated on any new opportunities that pop up.
We think you need these skills to ace Product Specialist – Cleared OTC and ETD in London
Some tips for your application 🫡
Know Your Stuff:Make sure you really understand Cleared OTC and ETD products. We want to see your expertise shine through in your application, so don’t hold back on showcasing your knowledge of margin methodologies and risk analytics.
Tailor Your Application:Don’t just send a generic CV and cover letter. We love it when candidates tailor their applications to the role. Highlight your relevant experience and how it aligns with what we’re looking for in a Product Specialist.
Show Off Your Communication Skills:Since this role involves a lot of client interaction, make sure your written application reflects your exceptional communication skills. Use clear and concise language, and don’t forget to demonstrate your ability to explain complex concepts simply.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Cassini Systems
✨Know Your Products Inside Out
Make sure you have a solid understanding of Cleared OTC and ETD products, including the various margin methodologies like SPAN and VaR. Brush up on your knowledge of CCPs and be ready to discuss how these concepts apply in real-world scenarios.
✨Showcase Your Communication Skills
Since this role requires excellent communication, practice explaining complex financial concepts in simple terms. Think about how you would explain pricing and margin methodologies to a client who may not have a technical background.
✨Prepare for Client-Facing Scenarios
Anticipate questions related to client interactions. Be ready to share examples of how you've successfully engaged with clients in the past, particularly in addressing their challenges and providing solutions.
✨Demonstrate Your Analytical Skills
Be prepared to discuss your quantitative and analytical skills. You might be asked to solve a problem or analyse a scenario during the interview, so practice thinking on your feet and articulating your thought process clearly.
