structurer

{{Short description|Investment banking professional}}

{{see also|Sales and trading|Investment banking#Sales and trading}}

In investment banking, a structurer

David Rothnie (2015). [https://www.efinancialcareers.com/news/2015/02/really-like-work-structurer-investment-bank What it's really like to work as a structurer in an investment bank], efinancialcareers.com

Michael Mackenzie (2007). [https://www.ft.com/content/cbd369de-a00e-11db-9059-0000779e2340 The rapid rise of the ‘structurer’], ft.com

Joris Luyendijk (2012). [https://www.theguardian.com/commentisfree/2012/mar/23/voices-of-finance-structuring-equity-derivatives Interview: Head of Structuring equity-derivatives], theguardian.com

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 {{slink|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.