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- Tasks: Join our team as a Credit Trading Specialist focusing on exotic derivatives like CLNs and TRSs.
- Company: We're a dynamic financial institution based in London, specializing in innovative trading strategies.
- Benefits: Enjoy a competitive daily rate, flexible contract, and the chance to work onsite three days a week.
- Why this job: Be part of a fast-paced environment where your expertise directly impacts trading success and strategy.
- Qualifications: Proven experience in credit trading with a focus on exotic products is essential.
- Other info: This is a 6-month contract with potential for extension, perfect for those looking to grow their career.
The predicted salary is between 48000 - 72000 £ per year.
Job Description: Credit Trading Specialist – Exotics Derivatives Products
Location: London, UK
Contract: 6 months (Extendable)
Daily Rate: £negotiable as per Market Rate, Inside IR35
Work Arrangement: Onsite 3 days per week
Role Overview
We are seeking a highly skilled Credit Trading Specialist with extensive experience in exotic products to join our dynamic team in London. This role will focus on supporting credit trading activities, particularly for exotic products such as Credit-Linked Notes (CLNs) and Total Return Swaps (TRSs). The successful candidate will play a critical role in ensuring accurate booking, pricing, and execution of complex financial instruments while contributing to the success of our trading strategies.
Key Responsibilities
- Trade Support: Ensure accurate booking and lifecycle management of exotic credit trading products, including CLNs, TRSs, and other structured derivatives.
- Pricing Expertise: Collaborate with traders and quants to validate pricing models, perform price validation, and assess P&L impacts for exotic trades.
- Financial Mechanics: Analyze and understand the financial mechanics of credit derivatives, including payoff structures, credit risk, and valuation dynamics.
- Risk Management: Support risk management activities by monitoring positions, exposure, and key risk metrics associated with exotic credit products.
- Stakeholder Collaboration: Work closely with trading desks, technology teams, and operations to ensure seamless trade execution, reporting, and compliance.
- Process Enhancement: Identify opportunities for process improvements and automation to enhance operational efficiency in trade booking and management.
Key Skills and Experience
- Credit Trading Expertise: Proven experience working extensively in credit trading with a strong focus on exotic products (e.g., CLNs, TRSs).
- Technical Proficiency: Deep understanding of the financial mechanics, booking, and pricing of exotic credit derivatives.
- Product Knowledge: Strong familiarity with credit-linked securities, structured notes, and derivative contracts.
- Analytical Skills: Excellent quantitative and analytical skills with a solid understanding of market dynamics, valuation, and P&L analysis.
- Communication: Strong interpersonal and communication skills to work effectively with cross-functional teams and stakeholders.
- Adaptability: Ability to thrive in a fast-paced, dynamic environment and manage competing priorities effectively.
Preferred Qualifications
- Experience in a global financial institution or investment bank.
- Familiarity with trading platforms, pricing tools, and risk management systems.
- Strong knowledge of regulatory frameworks governing credit trading and derivatives markets.
Credit Risk and Trading Analyst employer: Job N Job
Contact Detail:
Job N Job Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk and Trading Analyst
✨Tip Number 1
Make sure to stay updated on the latest trends and developments in exotic credit products. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the credit trading space, especially those who specialize in exotic derivatives. Attend industry events or join relevant online forums to connect with potential colleagues and learn from their experiences.
✨Tip Number 3
Familiarize yourself with the specific trading platforms and pricing tools mentioned in the job description. Having hands-on experience or knowledge of these systems can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss real-world scenarios involving credit risk and trading strategies during your interview. Being able to articulate your thought process and analytical skills in practical situations will showcase your expertise.
We think you need these skills to ace Credit Risk and Trading Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in credit trading, especially with exotic products like CLNs and TRSs. Use specific examples to demonstrate your expertise and achievements in this area.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your relevant experience and skills. Emphasize your analytical abilities and your understanding of financial mechanics related to credit derivatives. Show enthusiasm for the role and the company.
Highlight Technical Proficiency: In your application, mention any technical tools or platforms you are familiar with that relate to pricing and risk management in credit trading. This could include specific software or systems you've used in previous roles.
Showcase Communication Skills: Since the role requires collaboration with various teams, provide examples in your application that demonstrate your strong interpersonal and communication skills. Highlight any experiences where you successfully worked with cross-functional teams.
How to prepare for a job interview at Job N Job
✨Showcase Your Credit Trading Expertise
Be prepared to discuss your previous experience in credit trading, especially with exotic products like CLNs and TRSs. Highlight specific examples where you successfully managed trades or contributed to trading strategies.
✨Demonstrate Technical Proficiency
Familiarize yourself with the financial mechanics of credit derivatives. Be ready to explain pricing models and how you validate them, as well as your approach to assessing P&L impacts for exotic trades.
✨Highlight Analytical Skills
Prepare to showcase your quantitative and analytical skills. Discuss how you've analyzed market dynamics and valuation in past roles, and be ready to solve a hypothetical problem related to credit risk during the interview.
✨Emphasize Communication and Collaboration
Since this role involves working closely with various teams, emphasize your interpersonal skills. Share examples of how you've effectively collaborated with traders, technology teams, and operations to ensure seamless trade execution.
