Master Of Universe Job Opp: Do CDS In Brussels

Note: For hard-charging Wall Street master of the universe types who may be smarting because his (it's apparently a testosterone-tainted world, ladies) multi-million dollar bonus got caught up in all that frenzied Washington populism, here is the opportunity for you.  Work in the capital of Europe, and help convince European regulators and policy-makers that Credit Default Swaps (CDS) and Derivatives are actually good for them, as opposed to being toxic sludge best confined to the Hudson River.

Sounds like a "challenging portfolio," if there ever was one.

By the way, the same employer, ISDA, is organizing a conference on "The New CDS Landscape" next Monday March 23 in London.  Topics include "The Big Bang Protocol" (will Alistair Darling be picketing the proceedings?)

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Policy Manager (Full-time)
International Swaps and Derivatives Association
Brussels

The International Swaps and Derivatives Association (ISDA@) would like to hire a Policy Manager to work with the European Policy Director in the ISDA Brussels office.

ISDA represents participants in the privately negotiated derivatives industry and is the largest global financial trade association by number of member firms. ISDA was chartered in 1985, and today has over 780 member institutions from 55 countries on six continents. These members include most of the world's major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities.

Responsibilities include:

• Attending meetings and events in Brussels, and reporting on proceedings;
• Monitoring, analyzing and reporting EU policy developments of interest to ISDA;
• Executing a wide variety of tasks in support of the European Policy Director;
• Drafting policy papers, in cooperation with ISDA colleagues and members.

Skills and competencies:

• Min. 4 yrs experience in public affairs, ideally inc. 1 year on financial services;
• Excellent written and spoken English, and one other EU working language;
• Should be friendly, outgoing, flexible, engaged and determined;
• Must be national of an EU Member State or have a valid work permit.

Benefits/Conditions:

• Health insurance;
• Pension scheme;
• Salary to be discussed.

Please reply with a CV and covering letter to [email protected] by 26 March 2009

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"Salary to be discussed?"  Salaries are for wimps, no?  How about a cut of the $45 to $55 trillion "notional value" of the CDS market?  To understand more about CDSs, check out this excellent explanation in Wikipedia.

Below is my favorite Wiki illustration, explaining how to compute the present value of CDSs.  Any questions?