Investment banking professional
In investment banking, a structurer
[1]
[2]
[3]
is the finance professional responsible for designing structured products.
Their solution will typically deliver a bespoke hedge, "yield enhancement", or other feature, as appropriate to the client's needs, and must inhere relevant regulatory and accounting considerations;
see Structured product § Product design and manufacture.
The role is usually quantitative, straddling that of sales and trading and front-office quantitative analyst.
The structurer's main analytic task is to determine how the pay rules in question will distribute cash flows for a deal;
to do so, they will typically build computer models to simulate these subsequent payments, thereby also estimating how collateral payments affect the cash flows.
The above is preliminary to deal settlement; thereafter it will be in the hands of the Bond administration to apply the rules as described in the deal legal documents.
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