NEW YORK Product Control Opportunities recruitment
Your duties will encompass the following:
• Production and reporting of daily risk attributed PL and commentary of key drivers of PL by attribution.
• Discussion of daily PL with the trading desk and obtaining their sign off on a daily basis
• Exercising key controls including investigation of flash formal variance, PL breaks, front to back breaks
• Calculation of bid offer reserves, cost allocations and price testing on a monthly basis and discussing the same with the trading desk.
• Review of balance sheet and understanding of the key drivers of the moves on a periodic basis.
• Provision of MI and other key information for senior management review (including desk sign off statistics, costs summary, reserve movements and commentaries).
• Support ad hoc requests from the trading desk and infrastructure groups relating to new trade/product valuation, systems or markets
• Testing and analysis in relation to roll out of new products and systems
• Continuous identification and elimination of inefficiencies in the existing processes
The candidate would be expected to have a strong product control background and demonstrate:
- Understanding of trade flows from front-to-back
-Knowledge of derivatives
- Involvement in daily PL explain/attribution
- Strong control focus
- Good understanding of price testing/reserving
- Strong accounting background
- Team player
Additional:
- Bachelors degree in Accounting/ Financial/ Mathematical/other discipline (or equivalent)
- Preferably a professional accountant (ACA, CIMA, other)
- Product control at a peer investment bank or similar.
- Strong MS Excel skills with VBA preferred