The Asia Currencies & Emerging Market (CEM) business is a market leader in the Sales and Trading of Rates, Currencies, Credit, Fixed Income and Exotics and Hybrids in Asia Pacific region.
This role in the Asia CEM Linear/ Non Linear Middle Office (part of Currencies & Emerging Markets) offers an exceptional opportunity to join a high profile, multi-product team, with excellent opportunities for personal growth and development. The area works closely with Front Office, requiring strong attention to detail and the ability to work in high pressure situations. The pace is fast and the team is a dynamic and diverse combination of individuals. Individuals in the team will have an opportunity to work with teams globally in order to enhance processes and ensure the team's processes are globally consistent.
Each trading desk has a dedicated team who are required to develop an intensive understanding of the desk's business and transactions and provide the above support. We are looking for candidates to join the teams who display drive and enthusiasm, who are highly numerate, work well as part of a team and have strong communication skills.
Act as the primary control over the accurate capture of the business' transactions in the Risk Management System
Maintain risk management and downstream system integrity of a blended portfolio of exotic derivative products, providing P&L and greek portfolio changes to trading desk and FX structuring team.
Decompose, analyze and approve new transactions against structured term-sheets, sales recap and broker confirmations
Ensure compliance with Regulatory standards such as SDR and various Asia TRs reporting
Monitor and manage trade events throughout the lifecycle of the transactions, e.g. option exercises, knock ins/knock outs, rate fixings, TARNs and barriers
Review legal confirmation documentation for accuracy vs. the Risk Management System booking
Produce and validate T0 P&L, 1st Order and Higher Order Risk positions for the Front Office. Investigate and resolve P&L and Risk queries from Front Office
Create and run ad-hoc risk scenarios for Front Office which can involve producing impact of model parameter remarking, analytics, hypothetical market situations such as 'what if' and 'worst case' etc
Produce risk exposure reports for use by Valuation Control Group (VCG), Market Risk, Quantitative Research (QR) and Model Governance Group (MGG)
Assist Quantitative Research and Front Office with their initiatives for model improvements and model upgrades via testing and impact analysis.
Min 3-6 years of relevant experiences in trade support / regulatory reporting / middle office operations within the investment banking industry
Good knowledge and understanding of vanilla and complex derivative products a) Vanilla Products: Bonds, FXOptions, FXForwards, IR Swaptions, IR and XCCY Swaps, Inflation Swaps and Asset Swaps b) Complex Products: Range Dual Currency Swaps, binaries, barriers, KOs/KIs, TARNs, Callable Inverse Floaters, Yield Curve Spread Options (YCSOs), Quantos and Structured Note Issuance
Good understanding of the greeks such as Delta, Vega, Gamma, Theta and Cross-Gamma
Problem solving skills – Developing and implementing solutions to often complex issues
Project management skills to assist in the delivery of tactical and strategic solutions
Good communication and networking capabilities and having a bank-wide perspective – Understanding the needs of other groups and the importance of relationship building through extensive interaction.