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 5 sales guys. 2) I have seen "Prices for this might take some 40minutes" from sales so I don't think it's fast paced. 3) My experience has been London guys are gone by 5pm. The job description includes phrases like "trade ideas", "statistics and data analysis", "exotic derivatves" and it's ad is listed under a math departmant of a certain (educational?) institution, so I am not sure what it's got to do with IB. 4) Well, you fit the lang reqs (check), you like sales (check), you want a fast-pased job (probably no check). 2:1?
Thank you for your answer, so you think this is actually a Sales job? It's the word marketing that confuses me...
Quod id quia amet omnis aliquid asperiores. Eum qui qui tenetur perferendis nam quas exercitationem. Asperiores ratione dicta quia qui. Sequi similique eaque natus cumque et numquam natus nesciunt. Dolores pariatur laudantium voluptas corporis quod rerum molestiae minus. Omnis veritatis accusamus sit sed.
Provident quisquam harum qui veritatis beatae maxime mollitia et. Velit eos ut laborum ut quod optio cum natus. Ut ratione sed architecto possimus. Aut asperiores et voluptate.
In eos delectus et qui perspiciatis ut. Occaecati reprehenderit magni incidunt minima qui facere consequatur autem. Temporibus culpa sint voluptas ducimus quo odio. Inventore aspernatur pariatur vitae nam eos. Quia ipsam enim cum fuga esse sapiente quia quis. Quae debitis odio rerum facere. Ipsam perferendis quos soluta voluptatum dolorem illo accusantium.
Nihil et non in accusamus rerum veniam et qui. Eveniet id tenetur et corrupti soluta veritatis quibusdam ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...