It is likely that the successful candidate will have 2-3+ years experience in either a wholesale or investment banking environment. It would be advantageous if the candidate had at least 1-2 years in a comparable new products origination, approval, closely related or interacting function. You will have the opportunity to work on a broad range of financial markets products, including equity, fixed income, rates & FX, derivative and commodities products.
Candidates are sought with either a good general product knowledge of multiple asset classes including equities, fixed income, commodities, FX, derivatives, or greater in depth knowledge of one class, with a preference towards FX derivatives. One role will specialise in obtain the product approvals for distributing restructured wholesale banking products via the private banking channel.
It is not necessary to have prior experience in new product approvals, candidates coming from a peripheral role, such as product structuring, middle office or operations may equally fit well.
The key driver for this role is the facilitation, control and on-going improvement of the speed to market of new products. These can either be entirely new products to new markets or existing products to new markets, spanning financial markets, corporate finance & principal finance.
The new products development process is concerned with the due-diligence around new product ideas before such products can be traded. This requires a great amount of internal communications and co-ordination between all the interested parties, e.g. credit, risk, tax, legal, compliance, settlement, middle office, trading, sales, controlling.
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