Middle Office Financial Engineer

Salary	£55000 - £80000 per annum + excellent benefits
Sector	Banking
Location	City/Docklands (London)
Date Posted	17/11/2008

• Excellent opportunity for an individual with diverse skills to further their career.
• Very autonomous role with a broad and varied range of responsibilities.
• This role is business critical and very visible in the institution.

This bank offers commercial lending, investment banking and retail banking services to clients all over Europe. They have over 600 branches of their retail operation across Europe and are looking to continue steady growth in the future.

Within the investment bank, a number of traders are actively managing books of equity and fixed income derivatives. They are looking to trade more exotic products on the fixed income desk and so require a financial engineer to aid traders and back office through the development and manipulation of models. These models will capture, value and risk manage interest rate derivative products.

This role will incorporate both the development and implementation of the models and the business analysis required to identify necessary changes and strategies.

This role is very autonomous, and so could be very interesting for an individual frustrated with the "big bank" atmosphere they are currently working in. This role is broad and varied and will see you interfacing with many different departments of the bank, including front office.

Applicants for this role MUST have extensive practical experience of manipulating models for interest rate products. You will be in a similar role in a corporate or investment bank and hold responsibility for building and maintaining yield curves, pricing models, risk models and trading models.

This role does not require you to be a mathematical quantitative analyst. It is more important for you to have hands on experience working with daily risk and profit and loss positioning tools.

For further information, or clarity, on any of the responsibilities of this role, submit your profile to be considered.