All of our financial derivatives jobs are contained within this sector. This includes trainee derivatives positions, derivative sales positions, derivatives analyst jobs, derivatives structuring positions, credit derivatives jobs, equity derivatives jobs, derivatives trading positions, programming positions and other derivatives jobs in New York and internationally.
Financial derivatives are basically contracts between two different parties. The contracts say that the value of the derivative will be determined by changes to other variables. These variables can be a number of things, including financial products such as equities and bonds and physical products like commodities, as well as other things which are difficult to predict - like the weather or the lifespan of a population.
Derivatives are often used as insurance and protect against risk. As an example of this, Credit Default Swaps (CDS) specify that if a loan defaults, the holder of the CDS will still get compensated.
Futures contracts were the earliest form of derivatives. Futures contracts were created so that people who purchased certain goods could have an element of control over the price in the future. As an example, farmers selling wheat could enter into a contract with the people who purchased the wheat to agree that in three months, they would be able to sell wheat at an established price. By doing so, they protect themselves against any risk of a drop in the wheat price during those three months.
Other forms of derivatives that you may need to deal with in a derivatives career include swaps and options.
Swaps are a simple exchange of one type of product for another. One of the most common is currency swaps, where loans and/or the interest payments on loans are swapped from one currency into a different one.
Options are contracts which let one party buy or sell assets to another at a set cost at a defined point in the future. Unlike futures contracts, there are no obligations to invoke an options contract. Using the same example, a buyer of wheat would have the right to purchase three tons of wheat at the established price if it makes sense to him financially, but is not required to do so if it doesn't. Anyone who holds an option must pay for the privilege.
The two types of options mentioned above are different. Options which give the holder the right to buy something are "call options." Options which give the holder the right to sell something are "put options."
Simple derivatives are usually traded on exchanges. Complex derivatives have historically been traded over the counter (OTC) between the two parties involved in the contract. This is changing, however, as governments look to create transparency in the derivatives market.
Leading up to the 2008 financial crisis, derivative products grew increasingly complex and proliferated with products such as collateralized debt obligations and synthetic derivatives (derivatives based upon derivatives). As a result, many people lay blame for the crisis on derivatives products and the wrong impression that risk was no longer an issue.
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| CVA Quantitative Analyst | Not Disclosed £100 - 150k | UK-London | 22 May 13 |
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Our Client is an International Investment Bank with global operations. They provide securities products and r...
| Interest Rate Derivatives Project Lead | Hays Specialist Recruitment GBP700.00 - GBP900.00 per day | UK-London | 22 May 13 |
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A global banking organisation is seeking to engage with senior banking professionals with an exceptional clien...
| Hedge Fund Operation Specialist | Mirage Recruitment 50k plus significant bonus | UK-London | 22 May 13 |
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A successful well established Multi Billion Investment House is looking to strengthen its support team. Superb...
| Business Analysts – Credit/Equity Derivatives - Regulatory Reporting | Rule Financial Competitive Market Rate | UK-London | 22 May 13 |
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With the increasing demand for financial institutions to understand and comply with new regulatory requirement...
| Senior Consultant, Change Management x2 | Northern Trust £Competitive | UK-London | 22 May 13 |
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Responsible for the execution of all change projects for the supported business function; with the application...
| Relationship Manager – Derivatives | Riversdale Consulting Competitive | UK-London | 22 May 13 |
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This is an excellent opportunity for a Senior Relationship Manager with proven experience of managing high pro...
| Risk Business Analyst | LCH Competitive | UK-London | 22 May 13 |
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An experienced individual delivering business change within the Investment banking sector. The role requires ...
| FX and Interest Rate Derivatives Corporate Sales - UK / Europe - Ass - VP | Riversdale Consulting Highly Competitive Plus Bonus & Benefits | UK-London | 22 May 13 |
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A Tier 1 Investment Bank is seeking highly motivated individuals to be a part of a growing, Global FIC Busine...
| Equity Derivative analyst - idea generation, VP, Bulge bracket, trading, tactical | JR Finance to £130 base, plus benefits and performa... | UK-London | 22 May 13 |
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Experienced Equity derivative position in a leading US bulge bracket bank, This is a key role for trading, and...
| Credit Risk Project Manager | Scope AT £85-115k | UK-London | 21 May 13 |
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Leading Tier 1 investment bank requires an experienced Credit Risk Project Manager to join the team - this is ...
| Risk Analyst - Counterparty Credit Enhancement Risk | Bank of America Merrill Lynch UK Competitive | UK-London | 21 May 13 |
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Seeking a candidate with general experience gained within an investment bank with responsible for the daily in...
| Analyst - FIG Solutions | Dartmouth Partners Competitive | UK-London | 21 May 13 |
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Our client is the FIG solutions team (IBD) within a bulge bracket investment bank. They are currently looking ...
| Senior Sales Brokers (Bankers & Brokers) | City Wharf Financial Recruitment Highly Competitive | UK-London | 21 May 13 |
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City based brokerage with prestigious offices currently looking to recruit a number of candidates who have at ...
| Collateral Analyst | Cameron Kennedy GBP45000 - GBP50000 per annum + Bonus | UK-London | 21 May 13 |
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An exciting role within an established AM to be a part of a new collateral function offering the right candida...
| Marex Spectron - July 2013 Professional Trader Development Programme | Marex Spectron Self Employed | UK-London | 21 May 13 |
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Marex Spectron Pro Trader provides independent professional traders with advanced execution and clearing servi...
| Senior CVA Rates Quant (Exotic Interest rates, Credit)– Tier One Investment Bank | London, UK | GQR Global Markets Market Leading + competitive bonus struc... | UK-London | 21 May 13 |
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A leading tier one investment bank in London is looking to bring onboard an associate – VP level experienced i...
| European Cross-Currency FX Options Trader - London | GQR Global Markets Negotiable but approx £90,000 - £130,000... | UK-London | 21 May 13 |
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A dynamic European Investment bank is looking to add a VP FX options trader to their Foreign Exchange trading ...
| Hedge Fund Sales VP / Director – Investment Firm - London | GQR Global Markets Base Salary and Exceptional Commission S... | UK-London | 21 May 13 |
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A growing Swiss and German based investment firm is looking to bring in a mid level – senior person to run the...
| Oil Risk Analyst | Robert Half GBP250 per day | UK-London | 21 May 13 |
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London based Commodity trading company is looking to hire someone with previous working experience of Physical...
| Absolute Return Derivatives Portfolio Manager | Paragon Executive Excellent package (base + bonus'' + bene... | UK-London | 21 May 13 |
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Our client, a large Global Asset Manager, is looking to make a senior hire due to growth and is looking to bri...
| Business Analyst – Derivatives Clearing - Listed Derivatives - ETD | S&H Consulting Ltd day rate | UK-London | 21 May 13 |
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Business Analyst – Derivatives Clearing - Listed Derivatives - ETD (Contract) Our Client is a tier one bank. ...
| ED, Listed Futures & Options Execution Sales EMEA, T1 Investment Bank | Alan Mitchell Financial Recruitment £175 + | UK-London | 21 May 13 |
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Our client is global bulge bracket investment bank with an impressive reputation across the international deri...
| VP - Structured Credit Products -Structurer | Not Disclosed Market | UK-London | 21 May 13 |
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New headcount in global banking group for a high calibre VP or possibly Director.
| OTC / ETD Oversight Analyst | Morgan McKinley GBP20 - GBP25 per hour | UK-London | 20 May 13 |
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A wonderful opportunity has become available for an OTC / ETD Oversight Analyst to join one of London''s most ...
| Senior GUI Developer - C# .NET WPF | Bennie Maclean Associates 80 k - 100 k + Bonus + Benefits | UK-London | 20 May 13 |
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Tier 1, Global Investment Bank - Senior GUI Front Office C# .Net and WPF developer is sought for to join a Ti...
| Senior Manager - Compliance | Riversdale Consulting circa. £100,000 + package | UK-London | 20 May 13 |
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The candidate will join a dynamic team of compliance professionals responsible for providing advisory support ...
| Entry Level Quant | Anson Mccade Very Competitive | UK-London | 20 May 13 |
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Entry level model development typically aligned with a derivatives business or trading desk. The role affords...
| Junior ABS Strat | Anson McCade Very Attractive | UK-London | 20 May 13 |
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Securities Strats play important roles in several areas. Some Strats sit on trading desks, creating cutting-ed...
| Equity Desk Strat | Anson McCade Competitive | UK-London | 20 May 13 |
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My client is looking for a desk quant/strat in the Equity Derivatives team to coordinate implementation and de...
| Equity Derivatives Quant Analytics Developer – Senior VP / ED Level | Anson McCade Competitive | UK-London | 20 May 13 |
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This is an analytics development role aligned to the Equities derivatives business / trading desk. The role wi...