Options Trading Finance Controller recruitment
Your job will be to work closely with the Interest Rate Vanilla Options desk within the Global Markets division to ensure all trading activity is accurately recorded, reported and controlled.
You will work in partnership with various stakeholders to ensure appropriate control and reporting and lead the Swaps Finance team to ensure the CFO group’s strategic vision is achieved.
The Vanilla Options desk trade vanilla interest rate products in G10 markets
You will be required to develop a full understanding of the issues facing the Business and the markets they are operating in, as well as the front to back system flows of the Bank.
You will be responsible for understanding and explaining the PL and balance sheet figures for the trading business and be required to have a full understanding of all downstream accounting and reporting issues.
KEY DUTIES RESPONSIBILITIES
Ø Analysis of risk based explanations for PL movements along with commentary referencing external market movements and analysis of trends / behaviour / escalation
Ø Price verification (PV) of inputs and outputs used in trading models both intra month and at end of month
Ø Discussion of PV variances with the Front Office driving accountability for variances
Ø Consideration of appropriateness of trader marks in context of the relevant markets and daily interest rate curve testing
Ø Calculation and review of valuation adjustments and reserves including methodologies and policies
Ø Ad hoc projects, including PV process enhancements, balance sheet analysis, system development and firm wide query resolution
Ø Support and advice to the Business on items such as balance sheet, funding, collateral, cost base and capital requirement analysis
Ø Quarterly disclosures for US GAAP reporting