Collateral Product Control recruitment
The team is currently hiring for an individual to sit within the Collateral Product Control area who will be actively involved in the production of the pl and assist in the build out of increased controls. The team is responsible for setting the operating standards for the global management of collateral within the business. The team ensures the management of the firms collateral is optimised, transparent, actively risk managed and agile in response to market and regulatory changes. The team engages in collateral related trades designed to maximise the value of firm collateral and manage the internal flow of collateral between trading desks, working with all trading books and existing collateral groups
Main Functions:
• Daily PL production across multiple global locations and systems, which will require proactive management and resolution of issues as well as identifying a network of system and subject matter experts in order to excel.
• Improve structures and controls in place verifying that the desk is running no risk. Involves significant exposure given the cross product nature of the business.
• Represent the area on collateral matters, including identifying support and control processes for new businesses
• Supporting the allocation system process which is used to deliver pl and secured funding allocation to OTC collateral businesses, both internal and external, to include; Front Office treasury, Trading, IT projects.
• Ensure effective communication and clearance of booking issues
• Support ad-hoc front office requests
• Daily review and escalation with manager of PC adjustments
• Due to the high profile project aspects to the role you will also be expected to hold strong excel and access skills in order to help re-engineer the whole end to end pl production process.
• Perform month end tie out and posting, prepare and manage monthly dividend reporting reserves, facilitate with balance sheet substantiation at month end
Requirements:
• Proven track record working with cash products: Fixed Income, Equities, FX/MM, Prime
• Demonstrate appreciation of controls, process enhancements and improvement
• Prior experience in Product control within an Investment Bank
• Numerical degree
• Accounting Qualification; ACA, CIMA or equivalent. (Qualified is desirable)
• Knowledge of funding, collateral, treasury functions within an investment bank.
This role would suit an inquisitive and enthusiastic self starter who is keen to challenge the status quo and progress their career at a highly regarded global Investment Bank.
Keywords: Collateral, Funding, Treasury, Newly Qualified, Post Qualified, Product Control, Accounting, ACA, CIMA, Qualified, Prime, Equities, Fixed Income, FX/MM, Projects, PL.