Assistant Vice President recruitment
About Risk and PL
Risk and PL is a Middle Office Finance function for Product and Financial Control within the GBS organisation. The primary responsibility for a product controller is to produce Risk and PL for the trading desk, substantiate these numbers, explain to both the traders and onshore Finance Directors and ensure that they maintain a ‘control’ environment.
Risk and PL is comprised of seven groups which, in one way or the other, service all DB’s major trading hubs. The particular concentration is on supporting the European and Americas regions, principally London, Frankfurt and New York. The seven groups are:
1. GME - Global Markets Equity
2. GFFX – Global Finance and Foreign Exchange
3. GM – Global Rates (GR), Distressed Products Group (DPG) Commercial Real Estate (CRE)
4. Global Commodities
5. GCT – Global Credit Trading
6. FINCON – Financial Control
7. CTB – Change the Bank
Role and Responsibilities
Working within the GME group, the candidate will be accountable for managing the service delivery of Daily T+1 PL production for a specific product line. The principal product lines covered are Absolute Strategy Group, Equity Trading, Equity Derivatives, and Global Prime Finance.
Core responsibilities:
- Ensure daily T+1 PL production with appropriate attribution and analysis.
- Accountable for performance and associated risks for all activities performed within the service delivery group ensuring at a minimum all SLAs are met
- Lead, motivate and manage a team of 15+ people. Responsible for recruitment, training and development, talent management and retention.
- Foster an environment that understands and effectively manages risk, abides by risk and control guidelines.
- Partnering with the change team and onshore stakeholders to deliver an optimum operating environment through the adoption of best practice, kaizan, lean methodologies and strategic technology initiatives.
- Ensuring that the integrity of the operating environment meets audit and regulatory standards
Technical Skills
- The individual should be fully conversant with the fundamentals of Financial Controls in a banking environment.
- Detailed understanding of Equity products and their accounting treatment
- Detailed knowledge of the Greeks and the front-to- back investment banking environment are a must.
Qualifications and Skills
- MBA or Chartered Accountant
- 7+ years Product Control experience in Investment Banking, preferably equities.
- Strong analytical and numerical skills
- Excellent communication and strong interpersonal skills
1. The individual should be experienced in dealing with a diverse range of stakeholders including senior management
- Proven track record of the ability to work to deadlines in an accurate manor
- Adaptable and culturally aware. Experience of working in a global environment preferable.
2. Experience in dealing with Front Office traders