Credit Flow & ABS product controller

Full Job Description

The individual will be required to establish collaborative 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
Specific Responsibilities:
Daily PL process for allocated Desk(s)
- Accurate and timely production of the daily PL process
- Ensure all adjustments are corrected on a timely basis
- Ensure PL by driver is investigated, understood and delivered to the Front Office
- Ensure PL on new deals is monitored and reported
- Ensure that appropriate controls are exerted on a daily basis in order to facilitate balance sheet substantiation.
- Ensure that any issues are escalated appropriately on a daily basis
Month-end financial reporting
- Ensure full balance sheet substantiation and seek verification relating to areas outside immediate control e.g. nostro balances
- Ensure integrity between the financial and management accounts with minimal differences between daily and monthly
- Ensure currency PL is monitored and sold off together with remittance to a central area
Balance sheet substantiation and control
- Ensure that all balances within agreed cost centres are subject to strict reconciliation, substantiation and control
- Liaise closely with other

Essential Experience:
- Professional accountancy qualification with relevant experience in a product control role
- Graduate with a first or 2.1 (or equivalent from outside UK) first degree
- Sound understanding of bonds and credit derivatives
- Good Microsoft product knowledge
- Good appreciation of Investment Banking business
- Good understanding of Finance operations and processes
- A high degree of understanding relating to current and future GAAP and IAS derivative disclosure and reporting
Supplementary Experience:
- Experience of ABS, CDOs and more complex structured products would be desirable
- Exposure to technical credit products would be desirable

Investment Bank

Excellent financial package

Where specific UK qualifications are required we will take into account overseas equivalents.

Please quote Michael Page reference when applying Job ref:MPGX13239042

Michael Page International is a world leading recruitment consultancy.

July 27, 2012 • Posted in: General

Leave a Reply

You must be logged in to post a comment.