eFinancialCareers

• Company

  Markit

• Location

  New York, NY, 10018

• Compensation

  Salary Commensurate with Experience

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  12 Oct 2009

• eFC Ref no

  557200

The individual will report to the Head of the Global CDS business and will be responsible for a variety of existing products and support the development of new products.

Company overview

Markit was founded in 2001 as the first independent source of credit derivative pricing and has recently been announced as the fastest growing private company in the UK. Today, our data, valuations and trade processing services are regarded as the market standard in the global financial markets, helping our clients to reduce risk, improve operational efficiency and meet regulatory requirements.

With over 1,300 institutions using our independent services as clients - including investment banks, hedge funds, asset managers, central banks, regulators, rating agencies and insurance companies - we provide round-the-clock support from our offices in London, New York, Chicago, Dallas, Toronto, Amsterdam, Brussels, Frankfurt, Luxembourg, Tokyo, Singapore and Sydney.

Department

Credit

Department overview

Core product group at Markit, focusing on CDS pricing, clearing, and credit indices (CDX).

Position summary

The individual will report to the Head of the Global CDS business and will be responsible for a variety of existing products and support the development of new products. With the many changes in the CDS market, this individual will play a key role in maintaining Markit’s leadership position.

Duties & accountabilities

Credit Event Auctions – Manage the credit event auctions held to settle CDS trades post credit event.

Markit Converter – Continue to develop and market Markit’s converter, an implementation of the ISDA CDS Standard Model.

Data Quality – Work with Markit’s partners in ensuring that the data received is of the highest quality.

Markit RED – Markit RED, as a key part of the CDS market infrastructure, is evolving to include additional data sets, and review the current process.

Industry Events – Participate and lead discussions on industry calls about market changes and what Markit is doing to assist market participants.

Credit Indices – be a subject matter expert

Business competencies

Education and experience

University Graduate required

Knowledge of Credit derivatives needed

CFA Candidate preferred

Commercial Awareness

High degree of commercial awareness. Needs to be motivated by commercial impact.

We need someone who is detail oriented enough to build high quality, superior products, but commercial enough not to be lost in the detail or unable to go on with the next task.

Management Requirements

N/A

Personal competencies

Personal impact

Enthusiastic, energetic, detail oriented, teamplayer

Flexibility and adaptability are key criteria required

Communication

Must be able to present in large forums

Presentation skills required

Good communications skills with clients and team members

Teamwork

Essential

Due to the high volume of applications we receive for each of our roles we are unable to respond on an individual basis. If you have not received a response within 2 weeks of having submitted your details, it is likely that your application has not been successful on this occasion.

All candidates must have a valid work permit/visa for permanent work in the designated location of the hire. We are committed to being an equal opportunity employer.

We kindly and respectfully request agencies not to submit applications.