Middle Office Analyst Derivatives / Middle Office Analystess Derivatives

What You Will Do

The Derivatives Middle Office provides daily comprehensive monitoring of market activities revolving around three key themes:

• Monitoring exposure and market risks incurred by trading portfolios
• Calculation and publication of daily results
• Support and assistance for derivatives traders

Monitoring Exposure and Market Risks

The Middle Office analyzes all transactions processed on the previous trading day, including over-the-counter and organized market transactions. It monitors daily variations in the books and measures the impact on various risk factors. The team studies the overall exposure of profit centers and their sensitivity to market fluctuations, particularly through VAR and stress test analyses. Compliance with limits set for trading is ensured, and management is provided with relevant indicators.

Calculation and Publication of Daily Results

The Middle Office measures daily unit performance and exercises control over the consistency of available information, including characteristics of individual operations and valuation parameters. It is responsible for validating the valuation curves, or "mark-to-market" (MTM), retained by traders, ensuring consistency checks on price structures and comparisons with external sources for the most liquid indices. The team determines the overall outcome of each profit center daily and reports this to management.

Support and Trading Assistance

The Middle Office financial analyst participates in the development and validation of information systems in collaboration with IT teams and financial engineering. This includes testing and validating transaction pricing models and exposure tracking tools. Additionally, the analyst supports traders through statistical analyses and evaluates the quantitative performance of various trading strategies, as well as developing management support tools.

The candidate will engage in the daily tasks described above and will analyze and implement new risk tools for both management and traders.

Your Profile

Candidates should hold a Master’s degree in one of the following areas: Quantitative Finance or Financial Engineering, with a strong quantitative basis and a firm knowledge of derivatives and stochastic process modeling.

• Proficiency in Python programming with excellent mathematical skills
• Advanced knowledge of Excel, SQL database, and VBA
• Understanding of commodities markets and derivatives instruments (option pricing models, swaps, futures)
• Operationally responsive and capable of working in project mode
• Ability to thrive in an evolving environment characterized by pressure and urgency
• Analytical mindset with the ability to present complex problems clearly and concisely
• Fluency in English; knowledge of French is an advantage
• A strong team player with a positive attitude, resilience, and a goal-oriented approach
• Effective communication skills with the ability to build strong relationships with key stakeholders
• Able to work under pressure and manage multiple tasks simultaneously

Context and Environment

This position is situated at the interface between the Front Office, Finance department, and company management. The Middle Office operates in a demanding and reactive environment that requires an excellent understanding of Derivatives Trading activities. Through recurring tasks, one-off studies, and developments, this role offers a varied and dynamic work environment linked to the diversity of financial operations and market fluctuations.

Apply online using the form below. Only applications matching the job profile will be considered.