At a Glance
- Tasks: Implement new margin models and support client implementations in Cleared OTC and ETD products.
- Company: Dynamic financial services firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, professional development, and opportunities for client engagement.
- Other info: Engage with industry experts and enhance your career in a fast-paced environment.
- Why this job: Join a leading firm and deepen your expertise in cutting-edge financial products.
- 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
- 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.
- Collaborating 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
- 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 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. With a strong emphasis on employee growth, we provide comprehensive training and development opportunities, fostering a culture of collaboration and innovation. Located in a vibrant financial hub, our team enjoys access to industry-leading resources and a supportive atmosphere that encourages professional advancement and meaningful contributions to client success.
StudySmarter Expert Advice🤫
We think this is how you could land Product Specialist – Cleared OTC and ETD
✨Network Like a Pro
Get out there and connect with industry professionals! Attend events, webinars, or even local meetups. The more people you know in the Cleared OTC and ETD space, the better your chances of landing that dream job.
✨Show Off Your Expertise
When you get the chance to chat with potential employers, don’t hold back on showcasing your knowledge. Discuss margin methodologies or risk analytics like it’s second nature. This will help you stand out as a credible candidate.
✨Practice Makes Perfect
Before any interviews, practice your responses to common questions. Focus on how your experience aligns with the role of a Product Specialist. We can help you with mock interviews to boost your confidence!
✨Apply Through Us!
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for passionate individuals who want to make an impact in the financial services industry.
We think you need these skills to ace Product Specialist – Cleared OTC and ETD
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 grasp 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 involves engaging with clients and internal teams, practice articulating complex financial concepts in simple terms. Prepare examples of how you've successfully communicated technical information in past roles.
✨Demonstrate Your Analytical Prowess
Be prepared to discuss your experience with quantitative analysis and problem-solving. Think of specific instances where you've tackled challenges related to pricing or risk analytics, and be ready to share your thought process.
✨Engage with Industry Trends
Stay updated on the latest developments in the cleared derivatives market. Mention any relevant industry working groups you've participated in and how they’ve influenced your understanding of the trade lifecycle and margin models.
