Senior Derivatives Trader & Structurer

Date Posted: 23/06/2025

Location: London

Job Type: Full time

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Who are Just?

We help people achieve a better later life. That’s our purpose and it’s the reason we exist. We are a fast-growing FTSE 250 company helping customers enjoy the retirement they deserve. We do this through a variety of market leading, award-winning products and services, delivered by a diverse team of over 1,400 purpose-led colleagues who genuinely put the customer at the heart of everything we do.

This is a brilliant time to join our business. We are on an exciting growth journey to become the UK’s most loved retirement expert.

Purpose
To provide a leading role in day-to-day trading & structuring in all types of derivatives (rates, inflation, cross-currency, credit, TRS) as well as FX transactions, government bonds, repurchase agreements and collateral trades. To monitor the financial position of hedging programmes and to have a strong understanding of hedging and mitigation techniques under IFRS and SII rules. To provide technical and quantitative skills required to build and maintain financial asset models.

Job Role Accountabilities

Trading and Risk Management processes – Monitoring and improvement (creation of new and maintenance of existing reports, administration of booking & reporting processes, research & development of new or alternative processes).
Eligible Collateral Availability (Initial and Variable Margin) – monitoring and improvement of existing processes.
Support the analytical process of market stresses for derivatives portfolios.
Lead in the negotiation and administration of existing and new legal trade agreements for bilateral and cleared derivatives/cash trades (Cash CSAs, Bond CSAs, GMRAs, etc).
Middle and Back Office support – key person for a seamless communication and reporting of new and existing trades.
Modelling – learn and support new modelling approaches (pricing, risk, stresses, counterparty exposure).
Career growth – learn about new market developments and gain experience in executing new trades, interaction with the ALM team and the Investments team

Examples of Key Activities

Trading & Structuring – Structuring, execution, booking & reporting of new trades
Trade pricing - Live and back-up pricing
Modelling – Pricing, stresses, scenario analysis
Internal support – Responding to day-to-day inquiries from key internal partners
Middle and Back Office support – For new and existing trades and inquiries

Qualifications & Experience

Numerical skills – Ideally a degree in mathematics, science, engineering or finance/economics. Significant experience in a front office in a financial company (e.g. bank, insurance, pension fund, asset manager).
Diligent & high attention to details.
Good verbal & written communication skills
Inter-personal skills to engage with internal and external parties.
An interest in financial markets (macro drivers, derivatives, trends & developments). Programming experience (e.g. VBA, Python, Julia, C++, C#).
A proficient user of MS Office applications (Excel, Word, PowerPoint, Outlook).
Excellent problem solving & analytical skills.
Understanding of processes and governance of a regulated insurance company would be beneficial.
Embrace cultural and personal differences in an open-plan office working with many different teams.
General curiosity how different teams and departments are connected and how they interact.

Company Benefits

A Competitive Salary, Pension Scheme and Life Assurance
Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday
Private Medical Cover and Income Protection, just in case
A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets
Opportunity to progress within your career both in-role and within the company
FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)
A variety of Employee Funded Benefits available to you via our Online Benefits Portal
Plus, several additional purchase options available for you and your loved ones

Why Just?

At Just you’ll have the opportunity to develop your career, whilst making a difference to the lives of those around you. You’ll be part of a company with a strong and distinctive culture - we’re ambitious, curious and collaborative – and every decision we make centres around being Just and delivering the best outcomes for our customers.

We’re committed to building a more sustainable business, and we’re working hard to make progress against our Net Zero targets. We're reducing our reliance on fossil fuels in our offices, switching to more sustainable sources of energy and we're investing more of our money in green and social assets.

Valuing diversity of thought and fostering a sense of belonging is critical to our business success, driving innovation and balanced decision making. Our work on DEIB (Diversity, Equity, Inclusion and Belonging) aims to deliver a brilliant employee experience underpinned by a sense of belonging, where our people feel proud to work at Just. We remain committed to our publicly disclosed HM Treasury Women in Finance Charter and Race at Work Charter targets and support a wide range of employee network and events, championing issues including intergenerational working, social mobility and neurodiversity.

Be Bold. Be Brilliant. Be Just.

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