T&PM - Repo & Risk Transformation Associate

Join us as a Trading & Portfolio Management Associate

• We’ll look to you to support the trading and management of risk within the Private Financing businesses in Nat West Markets Plc, and lead the pricing, execution and life-cycle risk management of both new and existing transactions

• You’ll be designing and executing bespoke financing and risk management solutions for institutional clients, leveraging structured products, derivatives and cross-asset capabilities

• This is an opportunity to gain unique experience that’ll bring a competitive edge to your career profile

As a Trading & Portfolio Management Associate, you’ll be originating, structuring, and executing bespoke trading solutions across credit, rates, and financing products. You’ll also be partnering with sales, structuring, and trading teams to deliver client-specific strategies, including yield enhancement, risk transfer, bespoke funding products and capital optimisation.

You’ll also be:

• Pricing and managing risk on complex trades, including total return swaps, credit and interest rate linked structured notes, and synthetic financing structures

• Engaging with UK and international institutional clients to understand their needs and propose innovative solutions

• Making sure all trades comply with UK regulatory requirements such as PRA, FCA and EMIR, and internal risk frameworks

To make an impact with us, you’ll need an experienced understanding of trading and risk management. You’ll also bring knowledge of fixed income products including credit default swaps, financial guarantees, risk-participation agreements, structured notes and rates derivatives, TRS, STIR, FX, IRS and cross-currency basis swaps, and lending products including hedging instruments.

You'll have an excellent academic background, ideally with a qualification in mathematics, physics, engineering, finance, financial economics or computing, but this isn’t essential.

In addition, you’ll demonstrate:

• Knowledge of credit analysis and credit approval processes, bank liquidity and capital metrics, asset and liability management, bank capital and RWA utilisation

• Experience of managing market and credit risk and a willingness to develop your skills and knowledge across the private financing product set

• Strong stakeholder management skills