All of our financial derivatives jobs are contained within this sector. This includes trainee derivatives positions, derivative sales positions, derivatives analyst jobs, derivatives structuring positions, credit derivatives jobs, equity derivatives jobs, derivatives trading positions, programming positions and other derivatives jobs in New York and internationally.
Financial derivatives are basically contracts between two different parties. The contracts say that the value of the derivative will be determined by changes to other variables. These variables can be a number of things, including financial products such as equities and bonds and physical products like commodities, as well as other things which are difficult to predict - like the weather or the lifespan of a population.
Derivatives are often used as insurance and protect against risk. As an example of this, Credit Default Swaps (CDS) specify that if a loan defaults, the holder of the CDS will still get compensated.
Futures contracts were the earliest form of derivatives. Futures contracts were created so that people who purchased certain goods could have an element of control over the price in the future. As an example, farmers selling wheat could enter into a contract with the people who purchased the wheat to agree that in three months, they would be able to sell wheat at an established price. By doing so, they protect themselves against any risk of a drop in the wheat price during those three months.
Other forms of derivatives that you may need to deal with in a derivatives career include swaps and options.
Swaps are a simple exchange of one type of product for another. One of the most common is currency swaps, where loans and/or the interest payments on loans are swapped from one currency into a different one.
Options are contracts which let one party buy or sell assets to another at a set cost at a defined point in the future. Unlike futures contracts, there are no obligations to invoke an options contract. Using the same example, a buyer of wheat would have the right to purchase three tons of wheat at the established price if it makes sense to him financially, but is not required to do so if it doesn't. Anyone who holds an option must pay for the privilege.
The two types of options mentioned above are different. Options which give the holder the right to buy something are "call options." Options which give the holder the right to sell something are "put options."
Simple derivatives are usually traded on exchanges. Complex derivatives have historically been traded over the counter (OTC) between the two parties involved in the contract. This is changing, however, as governments look to create transparency in the derivatives market.
Leading up to the 2008 financial crisis, derivative products grew increasingly complex and proliferated with products such as collateralized debt obligations and synthetic derivatives (derivatives based upon derivatives). As a result, many people lay blame for the crisis on derivatives products and the wrong impression that risk was no longer an issue.
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Outstanding career opportunity within the CFD industry!! Great team environment. Want to be part of a rapidl...
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| Associate Director, Structuring & Execution. Global Markets | ANZ not disclosed | Australia-Sydney | 15 May 12 |
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Sitting within ANZ Equities, this role is responsible for the structuring of equity derivative products, and t...
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| Senior Quantitative Analyst | Michael Page Competitive | Canada-ON-Toronto | 15 May 12 |
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| Associate, Risk Analysis | Michael Page competitive package | Canada-ON-Toronto | 04 May 12 |
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An immediate contract opportunity is available in Downtown Toronto with a leading financial services organizat...
| C++/C# Front Office Developer | Michael Page front office salary + large bonus | Canada-ON-Toronto | 14 Feb 12 |
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Our client a leading bank is looking for a FIX Protocol Support Engineer to Maintaining the Market Data applic...
| Market Data / Application Production Support | Synechron Inc DOE | Canada-QC-Montreal | 16 May 12 |
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Our client a leading bank is looking for a Market Data/ Application Production Support to be supporting the Ma...
| Expert of CNY FX Option Trade | ICBC Competitive | China-Beijing | 16 May 12 |
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Are you a native mandarin speaker willing to relocate to China and join one of the leading banks, ICBC as an ...
| Quantitative Analyst – Derivatives Pricing (top Chinese Investment Bank) | Michael Page International - China Salary will be commensurate with experie... | China-Beijing | 15 May 12 |
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| Front Office Real-Time Risk Analytics/Valuation Java/C++/Scala Developer - Shanghai | Pinpoint Asia Excellent Remuneration | China-Shanghai | 17 May 12 |
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High-profile front-office opportunity for seasoned developers with strong risk or mathematical/quantitative ba...
| Senior Core JAVA Developer | Hays SH Attractive Remuneration | China-Shanghai | 14 May 12 |
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| Senior Front Office and Risk Business Analyst (Copenhagen) | Calypso Technology Competitive | Denmark-Copenhagen | 30 Apr 12 |
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Front Office Business Analyst with at least 5 years Functional experience gained in the capital markets indust...
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| Chargé back office H/F | Hays France €13.00 - €14.00 heure | France-Paris | 03 May 12 |
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| Equity Derivatives Sales / Brokers | Paul Mandel Recruitment Salary + Commission | France-Paris | 16 May 12 |
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Notre client est une très belle institution financière internationale qui cherche à renforcer une équipe de ve...
| (H/F) Consultant MOA Finance de Marché | Sungard Global Services A négocier | France-Paris | 16 May 12 |
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SunGard Global Services propose des activités de service et de conseil dans les secteurs de la banque, la fina...
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