Derivatives Analyst in City of London

We're proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our team and feel like you're part of something bigger. Our clients come from all walks of life and so do we. We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more. As a flexible employer, we trust our people to perform their role in the way that works best for them, our clients and our business. We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond.

About your role

• Understand the objectives of Portfolio Managers regarding the use of derivatives.
• Provide advice on structuring, pricing, liquidity costs, and optimising option usage in line with these objectives.
• Monitor outstanding positions and provide position management advice.
• Develop screens and other reporting tools to support and enhance investment performance through derivatives strategies.
• Provide routine commentary, analytics, and ideas for portfolio managers on cross‑asset derivatives markets.

Initiatives / Product development / Client solution

• Support the firm's business growth by collaborating with product, investment, and solution design teams to develop investment strategies and products that meet evolving client demands.
• Work closely with sales and distribution teams to provide advisory services and investment solutions to our clients.

Risk oversight

• Support Heads of Investments in understanding derivatives positions and risks across portfolios, providing guidance on governance and oversight.
• Devise and provide commentary on derivative investment reports (trading, risk, performance) in internal review forums.

Training and competence

• Ensure that managers using derivatives are competent in terms of: understanding instrument pricing and risk characteristics, originating and routing orders, monitoring derivative trading activity and portfolio exposures.
• Deliver or arrange derivative training as necessary to support functions within the investment team.

Derivative Operations

• Play a leadership role in the ongoing development of our derivative capabilities within our investment process: collaborate with other investment practitioners to define derivative processes, tools, and reporting in areas such as trade origination, order management, trade reporting, exposure, risk, and performance monitoring.

Broker relationships

• Continually monitor markets and new instruments to ensure we are accessing listed & OTC instruments and counterparties in a manner that best meets our investment objectives.

Your skills and experience

• Experience in financial services, with exposure to equity derivatives; experience across multiple asset classes is beneficial.
• Practical experience developing or executing derivative strategies, whether in trading, investment management, research, or a similar environment.
• Ability to code and run back tests for derivatives-based systematic strategies, and to design the operational framework to support their execution and ongoing management.
• Strong understanding of financial markets, including how derivative instruments behave in different market environments.
• Knowledge of portfolio construction and risk management principles.
• Good understanding of valuation methods and key financial metrics.
• Technical expertise in derivative instruments and strategies, including pricing, risk drivers, and performance considerations.
• Strong communication skills, with the ability to explain complex investment ideas clearly to a range of audiences.
• Ability to build effective relationships with colleagues and stakeholders such as fund managers, researchers, traders, and clients.
• Professional qualifications such as CFA (or similar) are an advantage but not required. Equivalent experience is welcomed.

Benefits

For starters, we'll offer you a comprehensive benefits package. We'll value your wellbeing and support your development. And we'll be as flexible as we can about where and when you work - finding a balance that works for all of us. It's all part of our commitment to making you feel motivated by the work you do and happy to be part of our team.

Conduct Rule Responsibilities

• The role-holder is expected to meet the following FCA Conduct Rules when performing their role under the Certification Regime.
• I abide by the FCA's Conduct Rules when discharging my responsibilities described above.
• I must act with integrity.
• I must act with due care, skill and diligence.
• I must be open and cooperative with the FCA, the PRA and other regulators.
• I must pay due regard to the interests of customers and treat them fairly.
• I must observe a proper standard of market conduct.
• I must act to deliver good outcomes for retail customers.