Equity Product Control at UBS recruitment
The Finance Department at UBS Investment Bank is organised via a matrix of regional and global functions. Regional
Controllers ensure the accuracy and integrity of our legal entity accounts and that all accounting, legal, tax and
Regulatory requirements are met. Global Business Unit Controllers are business aligned to provide product, valuation
and accounting control as well as value added management information and decision support. Taken together, they
ensure that standards, policies and procedures are applied efficiently and effectively across the Investment Bank.
The Equities Business Unit Control team are primarily responsible for the controlling and reporting of the global equities Business, a substantial business unit of the Investment Bank, and to provide management information support to senior heads of the equities business. This global team has over 240 staff based in London, Stamford, Sydney, Hong Kong, Tokyo and Zurich.
This team will also engage in implementations required to deliver enhanced control processes around the GGL.
The controller will operate within the Equity Derivatives Structured team (Exotics/ Alternative Investment Products) in the London-based group.
The main elements of the role are:-
Daily PL production and validation to traders and senior management.
Daily PL analysis of the attributed PnL, review of the risk exposures on the book
Daily and MTD Commentary relating back to opening Risk and Market movements
Reconciliation of reported PL to underlying ledgers.
Balance sheet review and analsysis.
Liaison with trading desk, Valuations, Operations, financial Reporting etc to discuss and resolve ad hoc issues concerning bookings, valuations, new business and other areas.
The role will include liaison with the Market Risk department and the candidate should develop a detailed understanding of underlying valuations and the risk systems. The role should also develop to incorporate process review and innovation; this may be in the form of relevant project work.