# Structurer

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{{Short description|Investment banking professional}}
{{see also|Sales and trading|Investment banking#Sales and trading}} 
In [investment banking](/source/investment_banking), a '''structurer''' 
<ref>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''</ref>
<ref>Michael Mackenzie (2007). [https://www.ft.com/content/cbd369de-a00e-11db-9059-0000779e2340 The rapid rise of the ‘structurer’], ''ft.com''</ref>
<ref>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''</ref>
is the [finance professional](/source/financial_analyst) responsible for designing [structured product](/source/structured_product)s. 
Their solution will typically deliver a bespoke [hedge](/source/hedge_(finance)), ["yield enhancement"](/source/Investment_banking), or other feature, [as appropriate to the client's needs](/source/Structured_product), 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](/source/sales_and_trading) and [front-office quantitative analyst](/source/Quantitative_analysis_(finance)).
The structurer's main [analytic task](/source/Financial_modeling) is to determine how the [pay rules in question](/source/Settlement_(finance)) will distribute [cash flow](/source/cash_flow)s for a deal; 
to do so, they will typically [build computer models](/source/Financial_modeling) to [simulate these subsequent payments](/source/Monte_Carlo_methods_in_finance), thereby also estimating how [collateral payments](/source/collateral_(finance)) affect the cash flows. 

The above is preliminary to [deal settlement](/source/settlement_(finance)); thereafter it will be in the hands of the [Bond administration](/source/Investment_banking) to apply the rules as described in the deal [legal document](/source/Legal_instrument)s.

==References==
{{Reflist}}

Category:Finance occupations
Category:Financial analysts
Category:Investment banking
Category:Structured finance
{{Econ-stub}}

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Adapted from the Wikipedia article [Structurer](https://en.wikipedia.org/wiki/Structurer) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Structurer?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.