Job
Description
About The Role :
Job Title
Credit Solutions Asia - Trading Enabler, Associate
LocationMumbai, India
Role Description
Credit Solutions Asia desk provides custom built credit solutions to investors in Asia. Desk does both asset and liability side trades (i.e. deal with investors as well as issuers). Desk excels in various credit hybrids depending on client return/risk expectations. Desk is seeking to hire strong candidate to work on wide variety of trades including but not limited to bonds/RMBS/ABS/CDS portfolio management and total return swaps, vanilla bond repacks, Credit Linked Notes and its variations, etc. The role focuses on pre- and post-trade analysis, monitoring and risk management for the trades. Desk is seeking to hire strong candidate to work on wide variety of credit exotic trades including but not limited to bonds, total return swaps, vanilla bond repacks, RMBS and credit linked notes in the APAC region. Trading Enabler Analyst is responsible for providing support in trade idea generation, new trade pricing, risk modelling and hedging, performance monitoring and booking. Work includes
Performing data analysis and identifying potential trading opportunities / trading strategies Providing risk management support, including risk analysis, modelling and hedging Scenario modelling for structured products Reporting and trade capture; analysis of hedging strategies and rule-based hedging Building advanced quantitative models and automation tools for pricing modeling of new structured trading transactions and adapting existing models to new trades / regulation / metrics Understanding legal covenants, termination triggers and other bespoke conditions for existing trades and providing inputs in documentation of new trades to capture risks appropriately Monitoring & explaining margin requirements; coordinating with the collateral management team on margin calls; provide technical insight in dispute Liaison with other FO desks in the bankFlow Trading, ICG Sales, GCT Structuring, Treasury, as well as with infrastructure teams in the Bank involved in the trade lifecycle, including Risk and PnL, Middle Office, Finance, CMV, GVG, Transaction Services etc. Develop / enhance infrastructure for pricing and risk management, P&L flash, and risk analytics Monitor and manage funding requirements on existing trades. Advanced modeling to allow correct capital requirement calculation for the structured products traded by the desk
Your key responsibilities
The Sr. Analyst/Analyst will be involved inPerforming data analysis and identifying potential trading opportunities / trading strategies Analyzing macroeconomic, fixed income, and residential real estate data and formulating trade structures and investment ideas for RMBS/ABS Helping desk in managing various risks (credit risk, interest rate risk, cross currency risk, extension risk, asset-liability mismatch market risk, funding risk etc.) Modeling of new structured trading transactions and adapting existing models to new regulation / metrics. Understanding legal covenants, termination triggers and other bespoke conditions for existing trades and providing inputs in documentation of new trades to capture risks appropriately. Direct market monitoring & market interaction through pricing debt instruments for risk & collateral purpose. Maintenance of existing trades rebalancing triggers to ensure efficient risk hedging by the desk. Assisting in execution of transactions end to end including pricing, modelling, approvals and legal documentation.
Your skills and experience
Attention to details. Credit risk and interest rate risk knowledge (can be further developed on the desk). Understanding of bonds/RMBS/ABS/CDS/futures knowledge is a plus. Desire to learn and curiosity about financial markets.