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Derivatives Manager

AXA IM LTD London, United Kingdom
Posted 10 hours ago Hybrid Permanent Negotiable
The primary responsibility is to execute OTC derivative trades (Interest Rates, Inflation, Equity, FX, and Credit) as well as Repo / Financing trades for both internal and external UK clients, as well as advisory services with regards to OTC derivatives and financing.

The role involves collaborating with the wider AXA Derivatives & Financing Team. The role reports directly to the Head of AXA Derivatives & Financing (based in Paris) who will be responsible for setting objectives and appraisal of performance against such objectives, with input from the Senior UK Derivatives Manager - who has local and day-to-day oversight.

Key Accountabilities

1.General responsibilities

  • Contributing to the UK OTC Derivatives management activity within the local execution team and ensure UK representation within the Global Trading Securities Financing and Derivatives (TSFD) Derivatives Management business.

  • Maintaining effective relationships with internal and external clients (with a focus on the local AXA UK entities as well as AXA IM PM teams such as UK Buy & Maintain) and attending PM internal meetings where required.

  • Price and execute derivatives and repo trades

  • Update, maintain and develop pricing and desk tools with the help of the quantitative team

  • Construct and articulate views on potential discretionary positions

  • Possess thorough understanding to the operational processes and controls involved with executing and managing cross asset portfolios encompassing exposure to derivative instruments

2.Infrastructure and Governance

  • Contribute to team governance:

    • Attend and contribute to Counterparty reviews if required.

    • Coordinate with TSFD business quality to ensure best execution and adherence to other first level controls.

    • Monthly and quarterly governance meetings with clients and PMs.

    • Represent TSFD team at Best Execution Committee meetings if required

  • Support and contribute to the development of desk-based tools and applications

3.Business Development

  • If needed provide support to Distribution to help develop capability and strengthen proposition of Derivatives Management

  • Contribute to and attend client/consultant meetings as required

  • Supply appropriate commentary for internal and external client performance reporting

  • Contribute to UK business strategy plans in collaboration with broader Solutions Teams (structuring, product development) to mitigate risk and/or enhance returns.

4.Execution/Advisory

Structuring, pricing, and executing derivatives and repos on all types of underlying (including Interest Rate, Inflation, Equity, FX, Credit)

  • Proactively act by recommending trading / restructuring existing derivatives strategies liaising with the client or make restructuring proposals to the client. Participate in the regular Derivatives Management team meetings if required

  • Contribute to and participate in the monthly Derivatives Market Watch with a special focus on UK market if required

  • Proactively contribute to the enhancement of the Derivatives operational tools and processes

  • Comply with AXA IM Risks and Controls (R&C) standards and adhere to TSF Business Quality first level controls.

Education/Qualifications

  • Quantitative and financial background preferred with IMC or CFA or aptitude to successfully complete additional professional qualification if required

Experience

  • Demonstrable experience in asset management, investment banking, or insurance with a focus on derivatives

Knowledge and Skills

  • Knowledge of the UK pension and insurance market preferable (regulation, eligibility, accounting)

  • Good written and oral communication skills, with a focus on client presentations and technical information analysis.

  • Proactive in displaying leadership skills to effectively demonstrate process and capability of team.

  • Strong numeracy and accuracy skills

  • Strong knowledge of Excel and Bloomberg (ability to develop macro)

  • Strong Team culture and ability to work with other teams within AXA IM

  • Strong understanding of Risk and Compliance framework

  • French language skills are a plus

Competencies

  • Solutions approach i.e., effective capacity to integrate different skills sets (finance, legal, regulatory, and accounting, quant etc) to address the needs of clients.

job_description_image
Job ID  220009VX
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