IT Investment Banking is currently looking for a Structured Credit Trading Support Analyst – SDII to join the team in London
ROLE SUMMARY:
The primary duty of the role is as a part of the Credit Trading Support team, to work alongside the Front Office traders to develop new applications for the structured credit and mortgage derivatives businesses. Support of current production trading books and applications will form an integral part of the role
THE ROLE INVOLVES:
The major responsibilities of the role include:
- Understand the current applications and business processes, identify extensions and new functionality
- Carry out development efforts utilizing a wide variety of technologies on systems and feeds between spreadsheets, front office data stores, and back office channels.
- Support to the Credit Derivatives trading desk.
- Dealing with urgent trader requests and issue resolution.
- Investigation into trade positions and analysis of the valuation models.
- Perform work on new strategic systems to assist the replacement of spreadsheets.
- Interfacing with other IT departments, in particular Derivatives IT, Product Control and Risk Measurement & Management to ensure that the work falls within the main overall IT strategy for the organization.
- Gain an understanding of the credit derivative business and the trading processes.
- The role will involve liaison with the Credit Derivatives trading desk to understand complex business problems and assess the business requirements for a variety of ongoing business-driven enhancements.
- There will also be additional responsibilities such as assessment and prioritization of proposed development items, functional verification of delivered features, ad-hoc system bug analysis, and handling of “business as usual” requests.
- The Credit Support teams support the desks in trading a full range of credit derivatives products, including CDS, ABS, CLN, CDO (Indices, bespoke tranches), Nth-to-default, CD Swaptions and other structured products. Developer roles in the support teams expose team members to the complete spectrum of credit trading and exposure to more complex instruments is limited only by the candidate’s interest and ability.
Additional duties and responsibilities:
- The role is a mixture of support and development. As with many Excel FO desk-facing roles, there will be elements of support, ad-hoc system debug/analysis, and handling of “business as usual” requests.
- The support team works on a rota basis to cover the extended hours of the trading desk.
- There will be an occasional requirement to work after normal hours, to perform maintenance tasks and software releases.
TO QUALIFY YOU MUST POSSESS:
Education:
Essential:
- A bachelor’s degree in Computer Science, Engineering, or equivalent is required
Desirable:
- Graduate work or further education in Finance, Mathematics or other Science would be a benefit
Work Experience / Background:
Essential:
- Fixed Income product knowledge is a pre-requisite for this role.
- This role requires a working understanding of the full software development life cycle. The ability to take ownership of issues and follow to resolution is important, as is an innovative approach and methodical analytical style of problem solving.
Desirable
- Previous experience as a front office developer or risk system developer would be advantageous through not essential; Credit Derivatives, Interest Rate products, risk systems, quantitative methods is a plus
Technical / Business skills & Knowledge:
Essential:
- Excel/VBA (3-4 years)
- C#/.NET or C++/Java design and development skills (1-2 years)
- Experience in object oriented development techniques is essential.
Desirable:
- C++, SQL (Sybase, MSSQLServer) 1-2 years
- XML, HTML, UNIX
- Candidates would ideally have experience of developing robust 2/3-tier applications and be familiar with XML and scripting as well as server-based databases.
- A good understanding of the importance of good software development practices
As one of the world's leading financial services group, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Founded in 1856, Credit Suisse has a long tradition of meeting the complex financial needs of a wide range of clients, offering advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally. The Credit Suisse Group is active in over 50 countries and employs approximately 40,000 people. Further information can be found at www.credit-suisse.com.
Cultural diversity is essential to our success. As such, we employ people from more than 100 countries. Credit Suisse empowers employees to work openly and respectfully with each other and with clients, ultimately striving to deliver superior results while offering initiatives and programs to assist employees achieve a healthy work-life balance.
Credit Suisse is an Equal Opportunity Employer and does not discriminate in its employment decisions on the basis of any protected category.
To the extent permitted or required by applicable law, a candidate who is offered employment will be subject to a criminal record check and other background checks before the appointment is confirmed.
