Vice President, Equity Derivatives Structure Job at Brewin Dolphin (London)

Job Description

RBC Capital Markets is seeking a VP-level Equity Derivatives Structurer to join its Structuring team within the Global Equity Derivatives franchise. The successful candidate will focus on light exotics, hybrid payoffs, and risk recycling trades, acting as a critical link between trading, sales, and clients. This is a high-visibility role that demands deep technical expertise in equity derivative and hybrid payoff design, combined with strong commercial instincts and the ability to deliver innovative, executable solutions that generate tangible impact for clients and the franchise.

Job Responsibility

Design, structure, and price light exotic equity derivative products including autocallables, barrier options, worst-of structures, cliquet features, and digitals across single-name and index underlyings
Develop hybrid payoffs that combine equity underlyings with rates, credit, or FX components, delivering cross-asset solutions tailored to client investment objectives and risk appetite
Identify and execute risk recycling opportunities by sourcing and structuring trades that offset or monetise existing book risk, improving the desk's overall risk profile and P&L efficiency
Work closely with the trading desk on pricing, hedging feasibility, and risk assessment for new structures, ensuring that proposed trades are executable and within the desk's risk appetite
Partner with sales teams across EMEA and the US to understand client needs, provide structuring ideas, and support the origination pipeline with compelling, well-articulated trade proposals and termsheets
Engage directly with institutional clients - including asset managers, private banks, insurance companies, and corporates - to present structured solutions, respond to enquiries, and build lasting relationships
Produce high-quality marketing materials, payoff analyses, scenario analyses, and back-tests to support client discussions and internal approvals
Monitor market conditions, volatility surfaces, correlation dynamics, and funding levels to identify structuring opportunities and stay ahead of client demand
Collaborate with quantitative analysts and technology teams on model validation, pricing tool enhancements, and workflow improvements for the structuring desk
Ensure all structured products comply with relevant regulatory requirements including PRIIPS, MiFID II, BMR, and internal risk and compliance policies

Requirements

Proven experience as an equity derivatives structurer at a major investment bank, with a strong focus on light exotics and structured products
In-depth technical knowledge of equity derivative payoffs including autocallables, barrier options, worst-of, best-of, lookback, cliquet, variance swaps, correlation swaps, covariance structures and digital structures
Solid understanding of hybrid payoff construction and the interaction between equity, rates, credit, and FX risk factors within structured products
Strong quantitative and analytical background - typically a degree in Mathematics, Physics, Engineering, Financial Engineering, or a related quantitative discipline
Demonstrated ability to work effectively with trading desks on pricing, risk recycling, and book management, with an intuitive understanding of Greeks and hedging dynamics of correlation products
Excellent client-facing skills with a track record of structuring and presenting derivative solutions to institutional investors
Strong proficiency in Python and familiarity with pricing libraries, Monte Carlo simulation, and risk analytics platforms
Commercially driven mindset with the ability to balance innovation with pragmatism and deliver trades that are both impactful for clients and profitable for the desk

Nice to have

Experience structuring risk recycling trades and working with trading to identify and monetise inventory risk through client-facing solutions
Hands-on experience with equity-rates or equity-credit hybrid products, including callable range accruals, equity-linked notes with rate floors, or contingent coupon structures
Familiarity with structured product distribution across EMEA, including private bank and insurance channels, and awareness of wrapper-specific requirements
Knowledge of ISDA documentation, CSA terms, and the operational lifecycle of structured derivatives trades
CFA, FRM, or equivalent professional qualifications are a plus but not essential

What we offer

A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
Leaders who support your development through coaching and managing opportunities
Opportunities to work with the best in the field
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
A world-class training program in financial services

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Vice President, Equity Derivatives Structure

Job Description

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