Collateral Trading Business Control Analyst
Business Control is responsible for production and substantiation of the PL along with providing accounting control and reconciliation of the PL and balance sheet through to the general ledger (daily and monthly), along with the balance sheet substantiation process.
The team works very closely with Front office, Back Office, Finance, Technology and Market Risk as well as other teams in support areas such as Collateral.
The CEM business has many different aspects from collateral management to CVA, to the trading of structured bonds. The opportunity that exists is a line role with project work involving migrating trades to a new pricing platform. The role is dynamic and hands on with an emphasis on creating a clear, structured control environment to ensure balance sheet movement and composition are clearly understood and can be explained to all levels of management daily as well as monthly.
We are looking to recruit an individual who has previously worked within product control and has a full understanding of the end to end trade flow of cash and derivative products and who has the ability to work across a number of asset classes. The candidate will bring a strong focus on automation change management as well as be comfortable with the responsibility of being tasked with implementing the strategic initiatives within the area.
Knowledge Skills Required:
- A solid and extensive understanding of the financial markets and products traded within them.
- Ability to work in a time-pressured and dynamic environment with a high degree of accuracy, attention to detail and concentration.
- Strong interpersonal skills and relationship management for dealing with people at all levels, across all disciplines.
- High level of desire and ability to follow up and resolve issues.
Experience Required:
- Industry experience in a product control environment within financial markets.
- Understanding of derivatives pricing, PL calculation and valuation variables.
- Ability to multi-task: working on several projects and delivering results consistently
- Capacity to innovate and improve upon the effectiveness, efficiency and scalability of the existing processes.
- Advanced Excel, Visual basic awareness and SQL skills a bonus
- CIMA, ACCA or ACA – Qualified
- Established understanding of balance sheet substantiation and co-ordination of a month end reporting schedule.
- Manage preparation of daily balance sheet and PL reconciliations
For more information, or to apply for the role, please contact Luke at luke.welham@jcwresourcing.com or call on 0203 589 9294
JCW are operating as a recruitment agency for the purposes of this position.
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