Derivatives Analyst - MO OR FO gig ??

I was contacted by a recruiter for the Derivatives Analyst position at MetLife. I felt it would not be appropriate to ask her if the role is middle office or front office. Seems like MO but majority of the candidates have been picked from the elite schools. Any thoughts ???

Below is the description :

MetLife Investments’ Core Securities Unit manages approximately $240 billion of assets across public and private securities markets. Units within Core Securities manage structured finance (residential mortgage-backed securities, asset-backed securities and commercial mortgage-backed securities), investment grade corporate securities, municipals, and U.S. Treasury securities. Core Securities also manages MetLife’s derivatives positions, achieving various hedging objectives across the enterprise. Also within Core Securities, the Private Securities unit manages a portfolio of private placements including conventional loans to both investment grade and below investment grade issuers and structures such as leveraged leases, synthetic leases and tax-driven products. Core Securities also maintains an internal research team, the cornerstone of managing MetLife’s credit assets.
The Derivatives Analyst will work closely with our derivatives traders to provide pre-trade analysis, market surveillance, trade entry and position reporting.
1. Pre-trade analysis and modeling
2. Position reporting and ad-hoc risk analysis
3. Monitoring risk, positions and P&L
4. Trade entry into our risk systems

Job Requirements
• BA with a concentration in Finance or Economics preferred
• Experience in derivative products is a plus
• Strong quantitative skills preferred
• Self-starter with interest and ability to learn a variety of Derivative Products
• Strong knowledge of Microsoft Excel required
• Programming skills a plus (SQL, VBA)

Please note that this position is within the 4 year Investments Analyst Program.

 
Best Response

I would say it is definitely MO or BO. It is position reporting and trade entry. Then again, that is mostly what Junior Traders do. The actual interesting stuff might be the pre-trade analysis and modeling.

I think of FO as someone who is in a decision making role to produce revenue, i.e. a Trader or Sales / relationship management.

A sneaky way to ask if it is a FO role would be to ask what the progression / promotion / opportunities are. Can / does this role move into a trading role down the road?

 

okay but I don't understand why it is considered to be so prestigious. The GPA requirements for the position is 3.5 which is on the higher side considering most mo/bo opportunities require just 3.0. Also looking at the profiles of Analysts currently in this role, 90% of them seem to come from a top 20 undergrad institution. While moving into a Sales or a Trading role seems like an possibility even if this is considered to be a middle office role, what about exit opportunities into banking which is my primary goal ???

 

Necessitatibus laudantium et est quia. Minus quia praesentium sint modi. Et ratione quaerat eaque.

Perspiciatis aut veritatis perspiciatis corrupti ipsa reiciendis suscipit. Consectetur explicabo non quasi maxime ea neque. Quae et laudantium nam nulla necessitatibus.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”