Middle Office Analyst Derivatives / Middle Office Analystess Derivatives

What You Will Do

The Derivatives Middle Office is responsible for the comprehensive daily monitoring of market activities, focusing on 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 from the previous trading day, which includes both over-the-counter transactions and those concluded on organized markets. It monitors daily variations in the books and measures the impact on various risk factors. By conducting VAR and STRESS TEST analyses, it evaluates the overall exposure of profit centers and their sensitivity to market fluctuations. This team ensures compliance with the limits delegated to Trading while providing management with crucial indicators.

Calculation and Publication of Daily Results

Within the Middle Office, daily unit performance is measured, and consistency of available information—such as the characteristics of individual operations and valuation parameters—is rigorously maintained. The team validates the valuation curves, or "MTM," utilized by traders, performing consistency checks on price structures and comparing them with external sources for the most liquid indices. Each day, they compile the overall outcomes for each profit center and report findings to management.

Support and Trading Assistance

The Middle Office financial analyst actively participates in the development and validation of information systems, collaborating with IT teams and financial engineering. This includes testing and validating transaction pricing models and exposure tracking tools. The role also provides support to traders through statistical analysis and quantitative assessments of various trading strategies, alongside the development of management support tools. The chosen candidate will engage in the daily tasks outlined above and assess and implement new risk tools for management and traders.

Your Profile

The ideal candidate should possess a Master’s degree in Quantitative Finance or Financial Engineering, demonstrating a solid quantitative foundation and a deep understanding of derivatives and stochastic process modeling. Key skills and qualifications include:

• Advanced Python programming capabilities coupled with a strong mathematical background.
• Proficiency in Excel, SQL databases, and VBA.
• Knowledge of the commodities market and derivatives instruments, including option pricing models, swaps, and futures.
• Operational responsiveness and the ability to work in project mode.
• Adaptability in a rapidly evolving environment with frequent pressure and urgency.
• Analytical mindset capable of comprehensively understanding trading and marketing activities while articulating complex issues clearly.
• Fluency in English; proficiency in French is a plus.
• A collaborative spirit, with a positive attitude towards work, resilience, goal-orientation, and a strong desire to learn.
• Effective communication skills, with the ability to build strong relationships with key stakeholders.
• A capacity to work under pressure while managing multiple tasks simultaneously.

Context and Environment

This position operates at the interface between the Front Office, the Finance department, and the company's management. The Middle Office functions in a demanding and reactive environment, necessitating a keen understanding of Derivatives Trading activities. Through repetitive tasks, ad-hoc studies, and ongoing development projects, this role presents a varied and dynamic work setting influenced by financial operations and market fluctuations.

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