ETC Product Structuring Specialist

Lorraine Hedderman

POSITION:

ETC Product Structuring Specialist

An immediate opportunity has arisen to join our fast-growing business to develop, manage and grow the ETC product range. Candidates will need a deep understanding of ETPs and ETCs, although those who have broader experience of ETCs/ETNS and other structured issuance and asset backed vehicles
will also be considered. The role will join a team of experienced legal and product development professionals who have issued over 1,000 ETPs between them.

KEY DETAILS:

REGION: Europe

LOCATION: London

JOB TYPE: Hybrid

RESPONSIBILITIES:

The responsibilities will include:
• Structuring and listing new ETCs, including managing the project and all stakeholders from start to finish.
• Innovation of new ETC underlyings.
• Detailed knowledge of physical and synthetic ETCs, including different custody and collateral structures.
• Helping to draft ETC prospectuses and lead on all ETC structuring issues, including pricing formula development.
• Oversight of Product management of ETC platforms ensuring robust processes are in place and implement improvements to enable efficient scaling/growth of the platforms.
• Management of relationships with all relevant service providers and internal/external stakeholders.

• Document and maintain all product and operational workflows both internally and with service providers.
• Manage product development and structuring. Project mgmt. from start to end.
• Understand synthetic and physical.
• Have structured swaps for replicating performance.
• Understand different collateral structures, risks, pros, cons.
• Understand and can oversee the formulas for NAV / pricing.
• Will have a deep understanding of, and will be able to create and implement the operational process, including subscription and redemption.
• Have read many ETC prospectuses and could identify detailed errors,
inconsistencies, ETC requirements, etc.
• Have dealt with all counterparties: lawyers, custodians, administrators, swap parties, collateral providers, etc.
• Should know ETCs in detail

QUALIFICATIONS:

Skills and Qualifications
• Degree level (or equivalent) education.
• Previous experience working for an ETC Issuer valued highly
• Minimum six years’ experience of product development or structuring of investment vehicles such notes, structured products, asset backed securities, SPVs which are linked to a variety of asset classes (both physical and synthetic) such as commodities, cryptocurrencies, equities, fixed income and other alternatives.
• Experience of leading and managing product launches to successful conclusion whilst working to tight deadlines and co-ordinating between multiple stakeholders (internal and external).
• Ability to understand and explain technical information to a variety of audiences.
• Experience of developing and implementing process improvements.
• Experience of reviewing offering memorandums/prospectuses, term sheets and derivative transaction documents such as ISDAs, swap and collateral agreements is a plus.
• In-depth experience of crypto wallets and custody arrangements and agreements is a significant plus.
• Experience of complex project planning and budget management

Personal Attributes
• High level of honesty, integrity and team player
• Exceptional attention to detail, able to work to tight deadlines and balance multiple tasks without compromising accuracy
• Must be comfortable to work in a fast paced, small team environment with a high degree of individual autonomy and receive direct honest feedback
• Strong commercial acumen with ability to think outside the box and be pro active in identifying issues and improvements
• Strong written and verbal communication skills
• Demonstrates a desire to keep up to date with industry developments and play a key role in driving their own professional development
• This is a dynamic growth business and the role would be suited to candidates who are flexible and adaptable in their approach to help achieve our business objectives.

SOUND LIKE THE JOB FOR YOU?

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