DERIVATIVES PRODUCT CONTROL
You will be part of a global team and work with business units regionally and globally in the roll-out of new derivatives products. You will ensure that the derivatives usage policies, key controls in derivatives operations, hedge accounting policy and documentation are followed and oversee derivatives valuation, PL attribution and implementation of derivatives risk measures. In addition, you will communicate with business unit management, derivatives accounting and asset liability management to address concerns regarding interactions of hedge accounting, capital and other issues of interest. You will need to fully understand business unit requirements, products and timelines and be able to conduct qualitative and quantitative research into the business models of assigned business units to formulate a clear picture of the business model and understand the linkage between the products, the liabilities incurred, and the supporting assets and derivatives, and the reasons for certain management strategies being employed. You will need to ensure that appropriate processes and infrastructures exist to accommodate and support the entire life-cycle of derivatives products or analytics and establish good working relationships with derivatives system support to generate workable solutions and resolve issues quickly. Lastly, you will review existing processes for improvements to be made to existing operational functions and design new management reports and analytic as well as manage staffs directly to accomplish the role requirements.
To be considered, you should have a minimum of 7 years of investment operations/accounting experience, with at least 5 years of hands-on experience in derivatives products strong knowledge in hedge accounting under IFRS, US GAAP and Japan GAAP is preferred strong knowledge in hedge accounting under IFRS, US GAAP and Japan GAAP is preferred Lastly you should have sound fundamentals in understanding the valuation of moderately complex interest rate, equity, FX, inflation, credit and energy derivatives and Greeks. You should have working knowledge of derivatives markets and pricing conventions in various global markets as well as knowledge and direct Middle/Back Office career experience in exchange-traded and OTC derivatives. Experience with Findur and an aptitude to grasp and use a new derivatives trading platform quickly together with project management experience would be preferred.
Interested applicants should send a detailed resume to Michelle Ho by email to mho@ric.com.hk or by fax to (852) 2838 3323 quoting reference eFC2159.
(Applicants not contacted within 4 weeks should consider their application unsuccessful.)
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