KEY ACCOUNTABILITIES

Role Purpose

• The Senior Manager, RMO Research & Structured Products supports the design, implementation, and ongoing management of systematic risk management and derivative-based strategies within the Multi-Asset Portfolio Solutions (MAPS) platform.
• The role focuses on systematic overlays, derivative strategies, and risk research applied across multi-asset portfolios, ensuring alignment with strategic and tactical asset allocation objectives, portfolio risk frameworks, and governance standards.
• This is a specialist investment role, requiring deep expertise in equity derivatives and structured instruments, strong quantitative judgment, and the ability to translate complex analysis into practical portfolio insights for multi-asset portfolio managers.

1. Risk Management Overlay

• Support the design, implementation, and ongoing management of systematic risk management and derivative-based strategies within the Multi-Asset Portfolio Solutions (MAPS) team.
• Manage and monitor multiple portfolios of systematic overlay strategies across asset classes, including: risk mitigation overlays, volatility and drawdown management strategies, and return-enhancing derivative strategies.
• Ensure systematic strategies remain aligned with portfolio objectives, constraints, and risk budgets.
• Research new signals and enhancements; monitor performance and robustness of existing hedging and alpha-generating strategies across market regimes.
• Support portfolio construction and the integration of overlays into diversified multi-asset funds.

2. Derivatives Pricing & Structured Product Expertise

• Act as a subject matter expert in equity derivative pricing, covering vanilla and commonly used structured instruments.
• Provide technical guidance to multi-asset portfolio managers and portfolio-solutions teams on derivative behaviour, payoffs, and risks.
• Maintain and enhance derivative pricing frameworks, including: key assumptions, calibration approaches, and scenario & stress analysis.
• Demonstrate the ability to disaggregate complex derivative strategies and model their behaviour under different market outcomes, including tail and stress scenarios.

3. MAPS Portfolio Implementation & Tactical Input

• Support the MAPS team in the design and implementation of derivative overlays used to manage risk and improve outcomes across SAA and TAA portfolios.
• Work closely with multi-asset portfolio managers to: translate house views into implementable derivative strategies and propose tactical derivative trades consistent with medium-term asset-allocation views.
• Help manage and implement derivative hedges, including (but not limited to): equity derivatives and FX derivatives.
• Ensure derivative strategies are implemented efficiently, consistently, and in line with portfolio mandates.

4. Tools, Process Development & Market Awareness

• Drive the development of pricing and analytics tools to support new derivative strategies and structured solutions.
• Support the documentation of methodologies, assumptions, and processes to ensure repeatability and governance robustness.
• Monitor the retail multi-asset market and new product developments to identify relevant innovations and competitive positioning.
• Continuously identify opportunities to improve processes, automation, and analytical efficiency.
• Proactively suggest developments in derivative markets and pricing that could improve risk-adjusted returns across MAPS portfolios.

5. Governance, Risk Frameworks & Controls

• Ensure all derivative strategies operate within: internal investment and risk frameworks, valuation &model governance policies, and applicable regulatory & governance requirements.
• Adhere to established operating, risk, and compliance controls and standard operating procedures.
• Understand and manage downstream impacts of derivative usage, including liquidity, funding, operational, and valuation considerations.

6. Capability Building & Knowledge Sharing

• Contribute to building team capability through: knowledge sharing & mentoring, clear documentation, and support of sustainable, scalable processes.

REQUIREMENTS

Experience

• 5–8 years of experience in financial services (buy- or sell-side) in a relevant role (e.g. Structuring, Trading). Exceptional candidates with 4–5 years of strong, directly relevant experience may be considered.
• Hands-on experience pricing derivatives, including equities, currencies, and/or commodities.
• Proven ability to explain complex derivative and systematic strategies clearly to non-quant investment stakeholders.

Technical & Domain Expertise

• Deep understanding of derivative pricing models and their nuances.
• Strong ability to analyse and model complex trading strategies across different market regimes.
• Knowledge of the economic and portfolio-level impact of derivative usage (risk, carry, convexity, correlation).
• Exposure to middle and back-office processes, including trade lifecycle, settlements, term sheets, index methodologies, and derivative operational issues.
• Strong attention to detail and disciplined adherence to controls.

Education

• MSc / PhD in a quantitative discipline (Finance, Mathematics, Physics, Computer Science) preferred.
• Exceptional candidates from other backgrounds considered with strong evidence of quantitative and market capability.

Technical Skills

• Proficiency in Excel, Power BI, and Python
• R and SQL preferred