CAIA's Career Center is an easy-to-use, comprehensive resource connecting job seekers with employers in the growing AI field. Use your knowledge and credibility to advance your career or build a talented team for your organization. Opportunities targeted to CAIA Charterholders are prioritized.
In order to search for jobs specifically for CAIA Charterholders or those pursuing the CAIA Charter please enter “CAIA” in the search panel.
This will enable you to search for CAIA specific roles globally.
In practice, this entails identifying and matching offsetting exposures across different counterparties and dealing directly with those counterparties to exit a fund's position on the individual trades.
This is an 'in-at-the-deep-end' education in the end-to-end process of OTC derivatives trading. Products dealt with are primarily interest rate swaps, credit indices, fx and equity options, but any and all OTC derivatives products would be within the team's remit to compress.
In practise the candidate will have to quickly learn how to select a package of suitable trades, price the transactions internally then negotiate prices externally with banks, execute the trading, deal with pricing queries/disputes, book transactions, check risk, sometimes restructure transactions to set the scene for simpler collapses in the future, and deal directly with the company's traders in managing this process.
In terms of rotations, graduates would normally spend a few months with the Quantitative Analysis team and the Fund Control team. There may also be opportunities to spend time with the Risk team, the firm's Economists, Trade Support and Systematic Trading, as the needs of the business arise. Informal talks from other areas of the business, including traders, are part of the program. Graduates are assigned a mentor, normally a member of the Quantitative Analysis team who themselves have been through the graduate program, who will provide guidance and monitor career development. Graduates will be expected to prepare and present on certain topics from time to time.
Graduates are expected to be highly self-motivated and take initiative in gaining a full understanding of a finance firm and its front-to-back processes, building relationships with key people in the organization and making a strong impression for further career opportunities at the firm beyond the 2 year program.
Previous graduates have found roles within the firm after the program in Trading, Quantitative Analysis, Risk, Systematic Trading development and Trade Support.
Candidates will be interviewed by a series of people including the Head of Portfolio Compression, Quant Analysts and Developers, the Head of Fund Control and the COO. Interviews may include some puzzles and questions. If it is not possible to see everyone on the day, good candidates may be invited back if a decision cannot be made on the basis of the interviews so far. A decision will be made quickly and we will want candidates to start as soon as possible.
SPECIAL CIRCUMSTANCES (e. g. shifts, travel overseas, hours):
Standard hours will be 8.00am to 6.00pm.
Some flexibility may be required from time to time to accommodate the needs of the business
Demonstrable interest in pursuing a career in finance, (for example: good knowledge of financial markets/products either by internships/work experience or by self-study).
Self-motivated and perform well under pressure.
Enthusiastic, flexible and adaptable.
We prefer those candidates with a strong undergraduate degree that have real world problem solving capabilities, a proactive nature and the confidence and maturity to deal with a front office environment.
Skills and knowledge:
Minimum - Maths/Physics/Engineering 2:1
Strong quantitative, analytical and problem-solving skills;
Experience in Python desirable
High level of IT literacy (including Excel, VBA, SQL);
Excellent writing and communication skills;
Organised, with a keen attention to detail and ability to adhere to tight deadlines
Keen interpersonal skills with the ability to work in a team and build and maintain cross functional relationships.