Counterparty Risk Trading Product Control , AVP recruitment
A Premier Investment Bank is hiring for an established AVP keen to join their Counterparty Risk Trading Product Control Group supporting the business in London, New York, and Asia. The team is London.
This business is a central function that hedges the counterparty credit risk arising from derivatives contracts across the bank. A model-driven reserve for defaults is calculated and held on the balance sheet. The traders seek to hedge out movements in the reserve by trading in a range of products including CDS, IRS, FX options, Commodities and more.
It is a permanent hire at the AVP level and involves producing daily PLs and Balance Sheet for the business whilst maintaining a high standard of control.
You will be interacting with traders on the CRT desk based in London, New York and Asia, the wider Product Control Group, Operations and Technology.These interactions will cover the range of daily, weekly and monthly reporting communications as well as project work and ad hoc queries.
We are looking for a driven individual with solid experience in Product Control Group.
Strong knowledge of Credit and Rates Derivatives combined with ledership skills is a must.
