Michael Binder Email & Phone Number

Vienna

• Trading of high valued interest rate derivatives• Responsible for trading the structured products portfolio in Euro including market making and trading of exotic interest rate products namely Bermudan swaps, CMS, callable CMS structures (capped, floored, collared)• Hedging against risks by using plain vanilla products and exchange traded interest rate products (bond futures and options on bond futures)• Creating risk simulations in Murex, migrating deals into Murex from the existing system, evaluating pricing quality of Murex deals• Developing pricing procedures based on the relevant market data as well as model evaluation, setting up the evaluation process and broadcasting the evaluations for individual structures• Design and development of pricing sheets for exotic derivatives using NumeriX • Setting guidelines for the implementation of pricing solutions within the technical and organisational framework of RBI.• Appraisal and administration of new and existing deals with an objective to evaluate if they can be processed in the current system environment.• Crafting new pricing methodologies (concerning pricing, valuation, and calculation of the risk figures) for deals that are not manageable by the current front office systems in order to guaranty the feasibility of the product within RZB• Providing training and guidance to colleagues on the newly created pricing solutions and procedures as well as explaining to them the pricing and risk management specialities of individual products in-order to improve the efficiency of the department• Analysing and assessing new derivative products with an objective to arrive at their valuation and for risk management considerations

Vienna

• Designed and developed a fixed income portfolio• Traded fixed income derivatives• Completed & implemented the Kondor+ Treasury system

• Sold tailor-made hedging solutions to RZB’s corporate customers• Provided consultancy to customers at their risk assessment which included evaluation of different hedging strategies and providing solutions for the customers’ treasury business on a micro as well as a macro basis • Delivered internal and external presentations on treasury hedging solutions

Vienna

• Sold IT solutions to the financial sector• Designed a concept for a parameter test of an equity settlement system GEOS bought by RLB Vorarlberg; responsibilities included orchestrating and supervising the specialized parameter test (total bank impairment test) as well as, run the simulation of a business day of a bank before going live - The test was a success and the customer decided to ‘go live’• Supervised the implementation of GEOS at IBM as well as at Raiffeisen bank branches operating all over Austria such as :RLB Vorarlberg, RLB Burgenland, RLB Steiermark, and RLB Niederosterreich-Wien• Established workflows for the project banks in GEOS