BUC EM Credit Product Controller Associate/AVP recruitment

Specific Responsibilities:

- Daily PL reporting and analysis.

- Daily PL Decomposition and PL commentaries

- Reconciliation to Trader Flash and liaise with the business on resolution of p/l discrepancies and valuation issues.

- New product review and valuation testing.

- Daily and month end reconciliation of reported PL to GL

- Coordination with Emerging Markets Finance regionally for GL-related issues/queries

- Balance sheet substantiation and ownership

- Ad-hoc MI reporting and projects

- Projects to increase the efficiency of reporting requirements

Detailed roles and responsibilities:

Daily PL process

• Ensure the accurate and timely production of the daily pl process for the Emerging Markets Vanilla FX business;

• Comparison of Flash PL (on T) vs Finance PL (on T+1) and escalate as required by the Flash PL Policy

• PL substantiation and attribution analysis by risk driver and market moves on opening positions and new deals is understood and delivered to the Front Office

• PL reporting, obtaining front office PL sign-off as required by the PL Sign-Off Policy.

• New deals review and analysis, including day 1 PL monitoring and reporting / escalation;

• Ensure all positions are marked at appropriate accounting standards and policy

• Ensure that appropriate controls are exerted on a daily basis in order to facilitate balance sheet substantiation and account ownership review and sign off.

• Calculate trading book reserves in accordance with GPU reserve models and policies.

• Ensure that any issues are escalated appropriately on a daily basis;

• Independent pricing review of the trading book positions in accordance with the Independent Valuation Policy, focusing on areas of subjectivity, making assessment of residual risks, determining appropriate IPV reserves.

Regular and ad-hoc analysis of aspects of the business both tactical and strategic

• Ensure daily and monthly p l commentaries are produced to the highest standards and accurately reflect market movements vs. positions held

• Liaise as appropriate with the Business in order to perform ad-hoc value added analysis

• Project work covering controls enhancement, efficiency initiatives and strategic developments in order to provide business advantage

• Regular and ad-hoc analysis of aspects of the business both tactical and strategic

General responsibilities

• Understand the life cycle of products traded and the products inherent risks

• Communicate clearly and concisely using the appropriate medium, tailoring content and promote free-flowing communication. Ability to communicate across a range of hierarchies and disciplines is essential

• Understand the systems and reporting mechanisms required to enable accurate and appropriate information to be supplied to manage the business

• Perform ad-hoc investigations/special projects

• Maintenance and documentation of procedures to a high standard

Project work covering controls enhancement, efficiency initiatives and strategic developments in order to provide business advantage

• Identify control and efficiency initiatives

• Assisting in system development, testing and implementation

• Working closely with the Front Office and support areas in the development and approval of new products

The individual will be required to establish professional, robust, but collegiate working relationships, at all levels, with both the business and support areas (e.g. Market Risk, Operations, Credit Risk) as well as other areas within Finance, in order to provide an integrated and proactive approach to business development and facilitation.

Essential Experience:

• 3-5 years of relevant working experience

• Knowledge of Financial Markets products, preferably in the area of credit or interest rate derivatives

• Knowledge of product accounting, financial reporting and IAS

• Proficient in MS Excel and Access

Supplementary Experience (useful additional skills):

• CDS and bond product understanding

• Accounting post graduate qualification

Personal Attributes:

• Proactive and independent; good communication skills; analytical; meticulous; risk awareness in control environment; team player

If you would like to apply please respond to

Brendan.Walsh@robertwalters.com.sg