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.
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
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.
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.
Quantitative and financial background preferred with IMC or CFA or aptitude to successfully complete additional professional qualification if required
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
Solutions approach i.e., effective capacity to integrate different skills sets (finance, legal, regulatory, and accounting, quant etc) to address the needs of clients.