FX & Rates Derivatives Risk Specialist
Location: London
About the Role
An exciting opportunity has arisen for a FX & Rates Derivatives Risk Specialist to join a leading financial services provider. This role is perfect for an individual with a strong quantitative background and deep expertise in Rates Options (Swaptions) and ideally FX Options too. The ideal candidate will have experience in front-office risk or trading environments and a solid understanding of risk management strategies for derivatives.
You will be responsible for overseeing risk management processes and optimizing services related to FX and Rates products. This is a key position where you will partner with Sales teams, enhance risk management frameworks, and drive profitable and secure business growth, particularly in cross-asset derivatives.
Key Responsibilities:
*Risk Management & Optimization: Oversee portfolio risk for FX and Rates derivatives, focusing on optimization and reset services to minimize exposure and enhance performance.
*Pricing & Valuation: Lead the enhancement of pricing models and valuation methodologies, ensuring they are consistent with market conditions, especially for volatility surfaces in both FX and Rates markets.
*Collaborative Stakeholder Management: Develop strong relationships with Sales teams to ensure alignment between commercial objectives and risk management practices. Effectively communicate and influence decision-making with data-backed insights.
*Process Optimization: Continuously improve risk models, reporting processes, and systems to drive efficiency, reduce risk, and maintain control across operations.
*Client Support & Expertise: Act as the go-to expert for resolving complex client issues related to pricing, valuation, and overall risk exposure. Ensure high-quality support and problem resolution.
Ideal Candidate Profile:
*Expertise in Derivatives: In-depth knowledge of Rates Options (Swaptions) and ideally FX Options practical experience managing derivatives risk, within a trading or front-office risk role. (Experience with both FX and Rates products is a significant advantage).
*Advanced Technical Skills: High proficiency in Excel (advanced formulas, data modeling, and automation). Experience with Python, R, or similar programming tools to automate workflows and enhance data analysis is a plus.
*Market Insight: A keen understanding of the commercial drivers behind trading decisions, with the ability to apply theoretical knowledge to real-world market conditions.
*Analytical Mindset: Excellent problem-solving abilities, with a focus on continuous process improvement and results-driven solutions.
*Adaptability & Resilience: Ability to manage multiple priorities and remain composed in a fast-paced, high-pressure environment.