AVP/VP Product Control recruitment
Investigo are working with a Top Tier Investment Bank to recruit 1 AVP, and 1 VP within their Product Control function. Desired Product knowledge includes Equity Derivatives, Commodities and Structured Products.
The Product Control team are primarily responsible for the controlling and reporting of the global Business and to provide management information support to senior heads of the specific product business.
The controllers will operate within the Equity Derivatives and Commodities teams in the London-based group. The team’s main responsibility is the production and control of the daily PL for the books in the UK. The books cover a wide variety of European markets and products, primarily with vanilla instruments, however also including more exotic derivative products. You would have ownership of the financial integrity and supervisory review function of 5 FTE, and senior front office face off.
Duties:
- Daily PL production and validation to traders and senior management.
- Daily PL analysis of the attributed PnL, review of the risk exposures on the book
- Understanding Day 1 PnL and trader reserves
- Daily and MTD Commentary relating back to opening Risk and Market movements
- Reconciliation of reported PL to underlying ledgers.
- Balance sheet review and analysis.
- Liaison with trading desk, Valuations, Operations, financial Reporting etc to discuss and resolve ad hoc issues concerning bookings, valuations, new business and other areas.
The role will include liaison with the Market Risk department and the candidate should develop a detailed understanding of underlying valuations and the risk systems. The role should also develop to incorporate process review and innovation; this may be in the form of relevant project work.