Derivatives Manager

London, United Kingdom
15 Nov 2022
15 Dec 2022
Industry Sector
Finance - General
Employment Type
Full Time
The role involves collaborating with the wider AXA Derivatives & Financing Team. The role reports directly to the Head of AXA Derivatives & Financing (based in Paris) who will be responsible for setting objectives and appraisal of performance against such objectives, with input from the Senior UK Derivatives Manager - who has local and day-to-day oversight.

Key Accountabilities

1.General responsibilities
  • Contributing to the UK OTC Derivatives management activity within the local execution team and ensure UK representation within the Global Trading Securities Financing and Derivatives (TSFD) Derivatives Management business.
  • Maintaining effective relationships with internal and external clients (with a focus on the local AXA UK entities as well as AXA IM PM teams such as UK Buy & Maintain) and attending PM internal meetings where required.
  • Price and execute derivatives and repo trades
  • Update, maintain and develop pricing and desk tools with the help of the quantitative team
  • Construct and articulate views on potential discretionary positions
  • Possess thorough understanding to the operational processes and controls involved with executing and managing cross asset portfolios encompassing exposure to derivative instruments

2.Infrastructure and Governance
  • Contribute to team governance:
    • Attend and contribute to Counterparty reviews if required.
    • Coordinate with TSFD business quality to ensure best execution and adherence to other first level controls.
    • Monthly and quarterly governance meetings with clients and PMs.
    • Represent TSFD team at Best Execution Committee meetings if required
  • Support and contribute to the development of desk-based tools and applications

3.Business Development
  • If needed provide support to Distribution to help develop capability and strengthen proposition of Derivatives Management
  • Contribute to and attend client/consultant meetings as required
  • Supply appropriate commentary for internal and external client performance reporting
  • Contribute to UK business strategy plans in collaboration with broader Solutions Teams (structuring, product development) to mitigate risk and/or enhance returns.


Structuring, pricing, and executing derivatives and repos on all types of underlying (including Interest Rate, Inflation, Equity, FX, Credit)
  • Proactively act by recommending trading / restructuring existing derivatives strategies liaising with the client or make restructuring proposals to the client. Participate in the regular Derivatives Management team meetings if required
  • Contribute to and participate in the monthly Derivatives Market Watch with a special focus on UK market if required
  • Proactively contribute to the enhancement of the Derivatives operational tools and processes
  • Comply with AXA IM Risks and Controls (R&C) standards and adhere to TSF Business Quality first level controls.

  • Quantitative and financial background preferred with IMC or CFA or aptitude to successfully complete additional professional qualification if required

  • Demonstrable experience in asset management, investment banking, or insurance with a focus on derivatives

Knowledge and Skills
  • Knowledge of the UK pension and insurance market preferable (regulation, eligibility, accounting)
  • Good written and oral communication skills, with a focus on client presentations and technical information analysis.
  • Proactive in displaying leadership skills to effectively demonstrate process and capability of team.
  • Strong numeracy and accuracy skills
  • Strong knowledge of Excel and Bloomberg (ability to develop macro)
  • Strong Team culture and ability to work with other teams within AXA IM
  • Strong understanding of Risk and Compliance framework
  • French language skills are a plus

  • Solutions approach i.e., effective capacity to integrate different skills sets (finance, legal, regulatory, and accounting, quant etc) to address the needs of clients.