Senior Dealer Financial Structuring Team

Published: 7th February 2011

Yorkshire Building Society, Bradford

Senior Dealer Financial Structuring Team

About Yorkshire Building Society

Established in 1884 Yorkshire Building Society is the 2nd largest UK building society with 2.8 million members, 178 branches and 3,133 employees. The balance sheet is dominated by UK prime residential mortgages and retail deposits. In H1 2010 total assets amounted to £31bn. The Society has a strong capital base and a healthy funding and liquidity position with no direct exposure to sovereign risk outside the UK.

The role:

Reporting to the Head of Financial Structuring to manage the structural financing activities of the Society and to undertake dealing activity in wholesale financial markets.

You will work within a small team to:

• Develop and maintain detailed financial structuring models for the analysis of retail savings products and mortgage portfolios;
• Determine the appropriate structures and pricing information for a range of hedging and funding solutions (e.g. covered bonds, securitisation, whole loan sales);
• Work with other areas of the business to ensure capital market funding techniques and costs are appropriately factored into retail product design and pricing;
• Undertake analysis to determine appropriate pricing in acquisition and divestment opportunities;
• Optimise the use of mortgage collateral in funding structures;
• Control interest rate, currency & counterparty credit risk and ensure limit compliance;
• Contribute towards the decision making process within the Treasury department and the formulation of interest rate & financial structuring strategies;
• Maintain and develop the Society’s reputation within the wholesale markets;
• Enhance appropriate technical and core skills to be a participant in an effective, flexible and multi-skilled dealing unit;
• Initiate and develop financial structuring relationships with leading wholesale market counterparts;
• To deputise for the Head of Financial Structuring where necessary.

Experience required:

• You will have previous experience in structuring financial transactions;
• A wide understanding money markets, capital markets (including securitisation) and derivative markets;
• Knowledge and practical experience of undertaking large and complex transactions in wholesale markets;
• You will be preferably educated to degree standard and/or hold an appropriate professional qualification;
• You will be numerate with good spreadsheet modelling skills;
• The position also requires good interpersonal communication and negotiating skills;
• This role requires significant travel.

Interested?

Send your C.V. to Barbican Consulting Limited for the attention of William Webster, together with a brief covering letter. It is essential to mark your application with the following reference: Senior Dealer FST

This will be forwarded to the client. Your details will be sent in relation to this advertisement only.     Reply.

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