P&L Analyst recruitment
The candidate’s main responsibility will be to produce and deliver the daily PL to the London Rates Flow Middle Office 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 Middle Office, Finance and Trade Capture teams, thus excellent 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.
Key Responsibilities
Extensive knowledge of the products listed is essential
• Compilation of daily PL 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