Wing Head Derivatives (SVP / EVP) at National Bank of Pakistan

Job details

The Nation's Bank, National Bank of Pakistan aims to support the financial well-being of the Nation along with enabling sustainable growth and inclusive development through its wide local and international network of branches. Being one of the leading and largest banks of Pakistan, National Bank of Pakistan is contributing significantly towards socioeconomic growth in the country with an objective to transform the institution into a future-fit, agile and sustainable Bank. In line with our strategy, the Bank is looking for talented, dedicated and experienced professional(s) for the following position(s) in the area of Treasury & Capital Markets. The individuals who fulfill the below basic-eligibility criteria may apply for the following position(s): 01 Position / Job Title: Wing Head Derivatives (SVP / EVP) Reporting to: Divisional Head – Sales and Structuring Educational / Professional Qualification: - Minimum Graduation or equivalent from a local or international university / college / institution recognized by the HEC of Pakistan - Candidates having Master’s degree from HEC recognized university / Institute will be preferred Experience: - Minimum 12 years of working experience in Treasury, out of which at least 05 years in the area of derivatives / relevant field preferably in Banking and / or Financial Institution(s) Other Skills / Expertise / Knowledge Required: - Sound understanding of derivatives pricing for vanilla, exotics & hybrids (like interest rate swap, cross currency swap, interest rate options, FX options, exotic FX options etc.) - Expertise in financial modeling for equity derivatives - Good market knowledge and understanding of derivative systems Outline of Main Duties / Responsibilities: - To be able to price derivatives and create yield curves - To validate system generated models using Excel and provide timely, accurate and thorough support to routine valuation related inquiries - To develop seamless workflows to ensure smooth functioning of the desk - To identify market derivative products to existing / prospective clients, working with senior marketing team / relationship manager - To prepare presentations required for marketing purposes - To develop / assist in devising policy and procedure manuals - To develop MIS for internal purposes for periodic reporting to management - To liaise with central bank on all related matters - To understand usage of various functionalities of back-office systems as well as exchange platforms for the intended use of dealing, such as trade entries, etc. - To be responsible for the execution of clients’ order - To liaise with sales/corporate teams - To liaise with other business partners within treasury and bank including back-office, finance and risk for derivatives related functions - To liaise with prospective customers and be able to identify their hedging requirements and also work with various support desks - To perform any other assignment as assigned by the Supervisor(s) Place of Posting: Karachi Assessment Interview(s): Only shortlisted candidates strictly meeting the above-mentioned basic eligibility criteria will be invited for panel interview(s). Employment Type: The employment will be on contractual basis, for three years which may be renewed on discretion of the Management. Selected candidates will be offered compensation package and other benefits as per Bank’s policy / rules. Interested candidates may visit the website www.sidathyder.com.pk/careers and apply online within 10 working days from the date of publication of this advertisement as per given instructions. Applications received after due date will not be considered in any case. No TA / DA will be admissible for interview. National Bank of Pakistan is an equal opportunity employer and welcomes applications from all qualified individuals, regardless of gender, religion, or disability.