At a Glance
- Tasks: Join our team to structure innovative credit solutions and manage exciting projects.
- Company: Be part of a leading corporate banking and capital markets organisation in London.
- Benefits: Enjoy competitive pay, professional development opportunities, and a dynamic work environment.
- Other info: Travel opportunities to meet clients and build your professional network await you.
- Why this job: This role offers a chance to make an impact while collaborating with talented professionals.
- Qualifications: You need a degree in a quantitative subject and experience in structured products.
The predicted salary is between 48000 - 72000 Β£ per year.
A leading corporate banking and capital markets organisation is seeking a Structurer to join their team in London.
Main Purpose of the Role:
- Structuring credit solutions for clients of the bank, involving discussions with clients, idea generation, documentation negotiation and client presentation.
- Co-ordinate medium-sized projects including NPPs, identifying resource requirements, monitoring performance against objectives and acting to ensure targets are met and products are approved.
- Work on and devise new and innovative structures, demonstrating technical knowledge and commercial judgement.
- Develop and define processes, systems and procedures ensuring standards and requirements are met and improving efficiency.
- Implement medium-term business plans for own area of expertise and responsibility, including plans on income growth and geographical reach, taking into consideration regulatory landscape.
- Initiate actions to further improve skills and performance, continuously looking for opportunities for own professional development.
- Work closely with Sales colleagues to generate new trade leads and structures.
- Ensure that trades and structures are efficient from a tax and regulatory perspective, with ongoing monitoring of changes in rules and regulations.
- Presentation to senior management, including attending management or risk committees to present trades and seek approval.
- Work closely with Legal and Operations colleagues to ensure trades are structured in a legally efficient manner and trades can be handled operationally by the bank.
Key Activities and Key Competencies:
- Focus on Europe and Americas franchise including deriving further business from the Corporate Clients and Financial Institutions segments. Involves travel to meet clients and building internal network to promote the business.
- Origination & structuring of credit derivative transactions, structured repo products, collateral lending, collateral swaps and illiquid assets (syndicated and bilateral loans) and the related hedging instruments.
- Responsible for building pipeline of business and execution of that pipeline, working together with colleagues where required.
- Responsibility for internal approvals process for own transactions.
- Understanding of modelling, quantitative aspects and XVA of credit derivatives, FX and interest rate products.
- Detailed understanding of Loan (LMA/LSTA/Bilateral), Credit Derivatives (ISDA), Repo (GMRA) and collateral lending (GMLSA) documentation and ability to negotiate with clients, internal legal department and external counsel.
Key Requirements:
- Sufficient years of experience working in trading or structuring of fixed income structured products.
- Educated to minimum of degree level in quantitative subject (Mathematics, Engineering, Physical Sciences, Quantitative Finance etc.), 2:1 level or above plus higher level formal qualification in a quantitative subject (Masters, PHD or professional qualification).
- Should include experience in the structuring or trading of structured credit derivatives and in addition either structured repo or illiquid assets (and ideally both).
- Track record in delivering solutions and generating significant revenue on structured credit derivative, structured repo and illiquid asset transactions.
- Team player with collaborative working ethos and strong moral integrity.
- As an FCA certified person you must maintain all necessary licences, certificates, and qualifications required to perform your role.
Structurer employer: Commerzbank AG
Contact Detail:
Commerzbank AG Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Structurer
β¨Tip Number 1
Network actively within the corporate banking and capital markets sector. Attend industry events, webinars, and conferences to meet professionals who can provide insights or referrals for structuring roles.
β¨Tip Number 2
Stay updated on the latest trends in credit derivatives and structured products. Follow relevant financial news, subscribe to industry publications, and engage in discussions on platforms like LinkedIn to showcase your knowledge.
β¨Tip Number 3
Consider reaching out to current or former employees of the organisation you're interested in. Informational interviews can provide valuable insights into the company culture and expectations for the Structurer role.
β¨Tip Number 4
Prepare to demonstrate your technical knowledge and commercial judgement during interviews. Be ready to discuss specific examples of how you've successfully structured deals or improved processes in previous roles.
We think you need these skills to ace Structurer
Some tips for your application π«‘
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Structurer position. Tailor your application to highlight relevant experience in structuring credit solutions and working with financial products.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in trading or structuring fixed income products. Include specific examples of how you've successfully delivered solutions and generated revenue in previous roles.
Showcase Technical Knowledge: Demonstrate your understanding of quantitative aspects and documentation related to credit derivatives, structured repo products, and collateral lending. Mention any relevant qualifications or projects that showcase your technical expertise.
Personalise Your Application: Address your application to the hiring manager if possible, and express your enthusiasm for the role and the company. Mention how your skills align with their needs and how you can contribute to their success.
How to prepare for a job interview at Commerzbank AG
β¨Showcase Your Technical Knowledge
As a Structurer, you'll need to demonstrate a solid understanding of credit derivatives and structured products. Be prepared to discuss your experience with modelling, quantitative aspects, and relevant documentation like ISDA and GMRA. Highlight specific projects where you successfully applied this knowledge.
β¨Prepare for Client Interaction Scenarios
Since the role involves discussions with clients and presentations to senior management, practice articulating your ideas clearly and confidently. Think of examples where you've effectively communicated complex concepts to clients or stakeholders, and be ready to role-play potential client scenarios during the interview.
β¨Demonstrate Your Project Management Skills
The job requires coordinating medium-sized projects, so be ready to discuss your experience in managing projects from inception to completion. Prepare examples that showcase your ability to identify resource requirements, monitor performance, and ensure targets are met.
β¨Highlight Your Collaborative Spirit
This role involves working closely with Sales, Legal, and Operations teams. Emphasise your team player mentality and provide examples of how you've successfully collaborated with different departments to achieve common goals. This will show that you can thrive in a collaborative environment.