Vice President -Delta-1 Trading
- 25 May 2017
Business Area: BFS
Primary Location/s: Mumbai
Job Title: Delta-1 Trading
The Company is a British multinational banking and financial services company headquartered in London. It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. It has operations in over 50 countries and territories and has around 48 million customers.
Desk and Role overview
The Delta-1 desk product offerings include (the underlying could be a single stock or index or custom basket of stocks): (1) Equity Swaps (2) Equity Futures/Forwards/Synthetics (3) Dividend Swaps/Futures (4) ETFs (5) Certificates/Notes
The Delta-1 client base includes three types of accounts: (1) Directional Accounts (2) Funding/financing Clients (directional and other accounts might also use D1 products to manage their cash) (3) Dislocation/Arbitrage Accounts (relatively new looking to play market anomalies).
Delta-1 desk products primarily have direct risk on either or both of the following: (1) All-in Financing (2) Net and Gross dividends. Delta-1 Trading Mumbai will support the delta-1 trading team in London and the role includes risk management, strategy formulation and management for the Delta-1 Business group.
o Help in developing and managing different trading strategies across D1 parameters. This will include monitoring the performance of different D1 strategies and help optimize their performance.
o Development and enhancement of existing modelling for D1 risk parameters. This would not only help highlighting trading opportunities but in better risk management as well.
o Help increase coverage universe for Delta-1 products hence helping develop the client franchise.
o Help in risk management of the delta-1 desk. This will include help the desk manage repo, dividend, TC, cross-currency, index tracking, delta, interest rate and fx risks.
o This will include help building MIs across different risk systems to generate a unified Delta-1 risk report for the different parameters.
o Help the desk in maintaining proper marks for the different parameters across products.
o Looking at market opportunities to optimally manage our current risk exposure on financing and dividends.
o Capital Markets Trading or Ideas generation for Trading – 3+ years of experience
o Good understanding of market dynamics and fundamentals in general.
o Quantitative skills – excellent with numbers
o Good communication skills, confidence to interact with traders in London/ NY/Asia
o Very good understanding of Derivatives
o Delta-1 Trading/ Strategy development Experience
o Structuring Experience
o Programming skills would be useful.
o Engineering and/or MBA from a top school.