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
As a leading player in the financial services sector, our company offers an exceptional work environment for Product Specialists focused on Cleared OTC and ETD derivatives. With a strong emphasis on employee growth, we provide extensive training opportunities, collaborative team culture, and the chance to engage with industry experts, ensuring that you can deepen your expertise while making a meaningful impact. Located in a vibrant financial hub, we also offer competitive benefits and a dynamic workplace that values innovation and client engagement.
StudySmarter Expert Advice🤫
We think this is how you could land Product Specialist – Cleared OTC and ETD in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Cassini Systems. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Product Specialist – Cleared OTC and ETD in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Cassini Systems.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Cassini Systems's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Cassini Systems
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Cassini Systems.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Cassini Systems will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Cassini Systems employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
