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Jobs · Finance · New York

Vice President-Equity Derivatives Structuring

BNP Paribas · New York, NY · 2 wk ago
Finance$225k/yrFull-time

About the role

Lead the development of new Price Efficient indexes, leveraging knowledge of Quantitative Investment Strategies to design features that provide long-term performing indexes well adapted to Structured Products. Understand pricing models in depth (implied equity volatility, skew, curve, dividends, etc.) to optimize index features for better pricing than regular indexes with similar performance. Provide products leveraging these features through higher participation rates and higher expected coupons.

Responsibilities

  • Understand and manage platform market risk profile; design and promote products that respect or improve it.
  • Promote new ideas and products to clients; identify client focus to tailor products to their needs; ensure product appropriateness.
  • Market and create marketing materials to present innovative derivatives products and quantitative investment strategies for clients.
  • Drive junior team members to ensure reliability in their duties, technical development, and personal growth.
  • Collaborate globally with teams in Europe and Asia Pacific to share new ideas, pricing methodologies, market specificities, and client appetites.
  • Create, program, and improve quantitative tools and software to support structuring functions.
  • Collaborate closely with functions related to equity derivatives or quantitative financial products: credit risk, market risk, compliance, legal, marketing, and other teams as needed.

Client Coverage

  • Client types serviced include Hedge Funds, Asset Managers, Pensions / Endowments / Foundations, Insurance Companies, Distribution, Corporates, both in the Americas and worldwide.
  • Underlyings include mainly equity but also FX, rates, commodity or credit.
  • Ensure adequacy in terms of product appropriateness to client sophistication.

Requirements

  • Master's degree (US or Foreign Equivalent) in Quantitative Finance, Science, Engineering, Mathematics, or related field.
  • Three (3) years of experience with Equity Derivatives Structuring or Exotics Trading.
  • Three (3) years of experience with:
    • Advanced financial mathematical knowledge (stochastic volatility, American Monte Carlo, statistical analysis).
    • Quantitative and Systematic Investment Strategy expertise.
    • Innovation expertise in Equity Derivatives Structured Products.
    • Ability to represent complex systems clearly and efficiently to clients.
    • US Structured Product and insurance deep knowledge.
  • FINRA Certification: SIE, Series 7, Series 63 (must pass within 60 days of hire).

Benefits

  • Medical, dental and vision coverage.
  • 401(k) Savings Plan.
  • Backup childcare.
  • Life, accident and disability insurance.
  • Mental health support.
  • Paid time off.
  • Additional details about benefits and discretionary bonus eligibility provided during hiring process.

Pay

$225,000.00 USD – $240,000.00 USD per year. Actual salary may vary based on relevant skills/experience, time in role, internal peer base salary, prior performance, business line, and geographic/office location.

Schedule

9:00 AM to 5:00 PM, 40 hours per week (Monday – Friday). Telecommuting permitted one day per month; work may be performed within normal commuting distance from the BNP Paribas office in New York, NY. Domestic travel once per month.

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