At a Glance
- Tasks: Oversee derivative valuations and ensure accuracy in risk reporting and performance analysis.
- Company: Join a leading financial services firm focused on innovation and integrity.
- Benefits: Attractive salary, comprehensive benefits, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on continuous improvement and career development.
- Why this job: Make a real impact in finance by ensuring transparency and informed investment decisions.
- Qualifications: Bachelor's degree in a quantitative field and 8+ years of relevant experience.
The predicted salary is between 80000 - 100000 £ per year.
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Role Overview
The Derivative Oversight Manager is responsible for ensuring the accuracy, integrity, and transparency of derivative valuations, risk reporting, and performance attribution.
The role provides independent oversight of derivative positions by validating pricing, monitoring risk exposures, and analysing performance drivers.
Working closely with trading, portfolio management, risk, operations, and external service providers, the role holder helps ensure derivative activity is measured, controlled, and clearly explained, supporting informed investment decisions and robust governance.
Key Responsibilities
- Validate and oversee the valuation of derivative instruments (e. g. swaps, forwards, and options etc), ensuring pricing accuracy, consistency, and appropriate challenge.
- Investigate and resolve valuation discrepancies in partnership with internal stakeholders, counterparties, and external service providers.
- Monitor, analyse, and report key risk metrics associated with derivative positions, including sensitivities, exposures, and leverage.
- Perform hedge effectiveness and performance attribution analysis to explain profit and loss impacts arising from derivative strategies.
- Provide clear insight into the drivers of derivative performance, including market movements, carry, and execution effects.
- Partner with trading, portfolio managers, and risk teams to help ensure positions remain within defined risk limits, mandates, and governance standards.
- Support compliance with internal governance standards, accounting policies, and relevant regulatory requirements.
- Contribute to the development and enhancement of valuation models, methodologies, controls, and oversight frameworks.
- Support audit activity by maintaining clear documentation and delivering reporting related to derivative valuations and controls.
- Work closely with the Derivative Manager to ensure reporting is accurate
Skills & Experience
Essential
- Bachelor’s degree in a quantitative or analytical discipline such as Mathematics, Economics, Engineering, Finance, or Data Science.
- Relevant experience in derivatives within insurance, asset management, investment banking, or a similar quantitative environment – Minimum 8+ years
- Strong understanding of derivatives and investment control frameworks, with practical experience across the design, execution, modelling, or oversight of derivative strategies.
- Strong analytical and modelling capability, including advanced Excel and experience with Python and/or SQL (or equivalent tools) to automate and scale analysis.
- Proficiency with market data platforms such as Bloomberg, with the ability to source, interpret, and validate market and security data.
- Working knowledge of investment management and/or modelling systems, for example Aladdin.
- Strong analytical, problem-solving, and stakeholder management skills, with the ability to manage deliverables end to end and prioritise effectively.
- Strong stakeholder influence, with the credibility to work constructively across investment, risk, operations, and external partners.
- Clear and concise communication skills, with the ability to explain technical issues to both specialist and non-specialist audiences.
- Sound judgement and professional integrity when handling sensitive issues, exceptions, and control matters.
- Strong sense of ownership and accountability, with the ability to manage priorities and deliver to deadlines.
- Continuous improvement mindset, with an interest in enhancing processes, controls, and analytical capability.
Desirable
- Working knowledge of derivative management system (e. g. Murex / Numerix etc).
- CFA and/or actuarial qualification or equivalent, either completed or in progress.
- Critical Skills
At Resolution Life, we have identified the following critical skills which are key to success in our culture:
- Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
- Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
- Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
- Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
- Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.
Derivative Oversight Manager in London employer: Res Life
At Resolution Life, we pride ourselves on being an exceptional employer, offering a dynamic work environment in London that fosters collaboration and innovation. Our employees benefit from a strong focus on professional development, with opportunities to enhance their expertise in derivatives while working alongside industry experts. With a commitment to a customer-focused culture and a team mentality, we ensure that our staff are supported in their growth and empowered to make impactful contributions to our mission.
StudySmarter Expert Advice🤫
We think this is how you could land Derivative Oversight Manager 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 Res Life. 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 Derivative Oversight Manager 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 Res Life.
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 Res Life'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 Res Life
✨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 Res Life.
✨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 Res Life 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 Res Life 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.
