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.
Sounds like MO to me. What kind of "elite" schools are they recruiting from?
Upenn (wharton), MIT, NYU etc...
Sounds like MO. It's a rotation program right? Find out what the other rotations are and that might help you get a feel for the opportunity.
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?
Definatley MO/BO.
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 ???
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