FIDM - Financial Institutions Derivatives Marketing - What do they do?
Hello everyone.
I have an interview for this role and I'd be really grateful if somebody could help me understand what this team does
" JOB TITLE: FIDM, Financial Institutions Derivatives Marketing, Off-Cycle Internship
Across Sales and Marketing, we draw from the broadest possible pool of talent to build an environment that gives us the competitive advantage. We continuously invest in our people to help them achieve their highest potential - offering programmes and opportunities to help manage their long-term personal and professional development.
As an intern within the Nordic FIDM team you will be able to learn about and work on different aspects of creating and marketing structured investments for the Nordic market.
The Nordic FIDM team is looking for someone to actively assist by:
Modelling and pricing of exotic derivatives
Providing trade ideas, working on sales pitches and marketing material
Providing statistics and data analysis
Beside impressive academic qualifications and strong communication skills, you will need to meet the following requirements to join our team:
Strong affinity to capital markets/focus on finance
A passion for derivatives, capital markets and project work
Ability to understand and explain complex products
Ambitious, hard-working and self driven attitude
Reliability and team-player personality
Fluency in English and at least one of Swedish, Norwegian, Finnish or Danish language"
I have 1 middle office internship and 1 FO internship (Rates Sales) both in second-tier European Banks.
These are my questions:
1) Why is it called "marketing" ? What does it mean to be "across sales and marketing"?
2) Is it a pure markets role? I mean fast-paced, Front Office, next to traders?
3) Somebody I know told me to pay attention for this not to be a "halfway" role, halfway between IB and S&T, in which I price and sell products to Financial Institutions that have ad hoc needs like post an M&A deal. His point being this wouldn't be what I want because it would be a role more IB than markets and the hours would be M&A like.
4) Do you think this would be a good career start should I get it and manage to keep it? I like Sales and I like the fast-pacedness of the trading floor. I am fluent in 5 languages (two Nordic ones)
If you can explain this to me as simply as possible, your help would be IMMENSELY appreciated.
Thank you very very much
The term "derivative" covers a lot of territory. Technically, derivatives get their name because they derive their value from the instrument on which they are based. They include swaps, futures and options. This market was estimated to be about $1.2 quadrillion as of September 2012, providing a range of opportunity for finance professionals. Let's take a look at the derivatives market from the perspective of someone who may be considering career opportunities here.
I didn't ask what a derivative is but rather what this team does if anybody knows... I can also go to investopedia thank you...
Sounds like pushing ETNs to people who care more about the CFI code than their inability to figure out the margins. I am in a different part of the world (EM) and my experience isnt first-hand (fourth-hand and more from the client pov than the bank), so I may be wrong, but I'd guess: 1) Sending out tables with autocallable/whatnot ideas/prices, listening to the client who wants to tweak this, tweak that, pass it to someone else who will do the pricing for you (or perhaps typing numbers in your blackbox/excel,i dunno). Pass info to client that including xyz name will make something expensive cus not liquid, etc. Haggle on price a little bit. That was my impression based on a sample
Thank you for your answer, so you think this is actually a Sales job? It's the word marketing that confuses me...
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