Product Analyst (Derivatives Valuation and Risks)
About the job:
S&P Global Market Intelligence
The Role: Product Analyst (Derivatives Valuation and Risks)
The Team: S&P Global Portfolio Valuations provides a fully outsourced service to participants in the financial markets that require independent asset valuations. The service is designed for asset managers, fund administrators, hedge funds, mutual funds and auditors and uses a highly automated and secure end-to-end process in order to produce valuations for clients. It is distinguished by the class-leading accuracy and coverage of our underlying market data and an efficient operational framework that includes a full audit trail and quality control performed by a global team of analysts.
The Impact: S&P Global employs established methodologies and quantitative techniques with industry standard models in order to provide valuations for a wide range of vanilla and exotic OTC derivatives across multiple asset classes listed below:
Credit – including CDS, indices, options, index tranches, and synthetic CDO’s
Foreign Exchange – including spot, forwards, swaps, options, and exotic structures
Interest Rates – including swaps, caps, floors, swaptions, inflation swaps and exotic structures
Equities – including options, indices, variance/volatility swaps and exotic structures
Commodities – including forwards, swaps and options on energy, metals, and softs
Structured Notes – including various types of interest rate, credit, equity, FX, commodity, and hybrid structures
In addition, S&P Global Portfolio Valuations provides an end-to-end Initial Margin Calculation service to help clients comply with the Uncleared Margin Rule (UMR). The service leverages the infrastructure built for the valuations service to compute risk sensitivities and initial margin amounts using ISDA SIMMTM, the industry standard margin model. The service is integrated with the valuations service and offers many other additional features. It also has comprehensive connectivity with various collateral management systems and reconciliation platforms for clients to create a holistic margin solution.
What’s in it for you: S&P Global Portfolio Valuations is looking for a motivated individual with strong analytical skills to work within its global product team (with members based in Singapore, India, London, New York, and Toronto) with a focus on the Initial Margin Calculation service.
The successful candidate will have multiple responsibilities including: 1. the maintenance and development of models used by the financial derivatives Valuation and Initial Margin calculation service; 2. providing technical expertise internally and externally on valuation, risk sensitivity and initial margin calculation methodologies; 3. assisting sales and business development colleagues acquire and onboard new clients.
The role provides the successful candidate the opportunity to work on a wide range of derivatives products and cutting-edge models with experienced colleagues across global locations as well as exposures to a diverse set of clients.
Working on the quantitative, analytical, and technological development of derivatives valuation models across asset classes with a focus on risk sensitivity and margin calculation
Providing on-going product support for our Global Product Service team and clients on any issues relating to risk sensitivity and margin calculations including the coordination of client trials, addressing queries, resolving price challenges, and any other general support
Enhancing existing models or specifying / building / testing models to support new products
Ensuring the quality and reliability of market data inputs and calibrations
Working closely with other product groups and the global sales team in order to participate in driving new business and identifying product opportunities
What We’re Looking For:
Undergraduate or Master’s degree in a quantitative discipline (e.g. Physics, Statistics, Mathematics and Economics)
Strong analytical, quantitative, and problem-solving skills are essential
Proven track record in pricing financial derivatives with calibration to the traded markets is desirable
Excellent data analysis skill and proficiency in programming languages such as Python, Java and C++ are preferrable
Proficiency in Excel (including VBA) is essential
Strong attention to detail, both numerically and in written material
Willingness to be hands-on in dealing with requests, issues and queries relating to client valuations, analytics, and market data
Ability to communicate complex issues both verbally and in writing, with a wide range of audience around the globe
Direct client-facing experience is desirable
Ability to work well within a global team environment alongside other product analysts, quants, and developers
Good interpersonal skills and ability to manage stakeholder relationships
Flexible Working (optional)
We pride ourselves on our agility and diversity, and we welcome requests to work flexibly. For most roles, flexible hours and/or an element of remote working are usually possible. Please talk to us at interview about the type of arrangement that is best for you. We will always try to be adaptable wherever we can.
Return to Work
Have you taken time out for caring responsibilities and are now looking to return to work? As part of our Return to Work initiative, we are encouraging enthusiastic and talented returners to apply, and will actively support your return to the workplace.
Grade/Level (relevant for internal applicants only): 5
S&P Global delivers essential intelligence that powers decision making. We provide the world’s leading organizations with the right data, connected technologies and expertise they need to move ahead. As part of our team, you’ll help solve complex challenges that equip businesses, governments and individuals with the knowledge to adapt to a changing economic landscape.
Equal Opportunity Employer:
S&P Global is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law. Only electronic job submissions will be considered for employment.