P & L Analyst recruitment
The Rates Flow Middle Office (MO) seeks to provide a first-class support service with particular focus on the relationship between trading risk positions and PL components. We are looking to recruit an individual to work in the PL production area covering either the Bond, Repo or Vanilla Interest Rate Derivatives trading desks. The candidate’s main responsibility will be to produce and deliver the daily PL to the London MO team, providing a high standard of analysis and explanation around any issues faced and daily revenue drivers. The candidate will therefore have considerable interaction with the London MO, Finance and Trade Capture teams, and so good communication and time management skills are an essential requirement for this job.
Products covered will be Bonds, Repos, Vanilla IR Swaps, FRA, Swaptions and Futures.
Compilation of daily P+L for one of the Flow trading desks with analysis of PL numbers in relation to market moves
Daily reconciliation to Sub-Ledger
Participate in the Month End sub-ledger to GL reconciliation
Analysis of traders’ risk positions and understanding of the Greeks (Delta, Vega , Gamma) with the ability to understand and interpret the daily movements
Development and improvement of the existing processes plus testing/UAT for new systems software releases
Dealing with Ops and Market Risk queries relating to products/books covered
Working as a team to improve/ develop analytical tools to better support the business
Communication of issues to senior management
Industry experience or relevant financial background
Product Control environment
Candidate should have a keen interest in the Fixed Income product set, preferably with a good understanding of the products used and their pricing
VBA , Excel and Access Skills
Ability to trouble shoot spreadsheet issues, using VBA and Access would be considered an Advantage
Good Communicator
Candidate has a proven track record of dealing with and communicating effectively with personnel from various areas in an organisation and at different management levels.