Product Control Manager – Structured Credit recruitment

The first fund was launched in 2000 and has gained an impressive track record since, having won various eurohedge awards. BlueCrest now has approximately 400 employees globally

The Product Control Team

The Product Control team is split into 5 core teams:

•           Relative Value Trading

•           Credit and Emerging Markets Trading

•           Systematic Trading

•           Structured Trading

•           Valuation

An opportunity has arisen for a Product Controller Manager within the Credit and Valuations team.

The Role

The candidate will manage the Credit and Emerging markets product control team.

Specifically, the role will entail:

•           Managing a team of 2-4 Product Controllers

•           Taking the lead in pricing developments and enhancements. 

•           Working with external market data providers and valuation experts to source improved information for more accurate NAV calculations

•           Ensuring appropriate documentation is in place to support our valuation methodologies

•           Liaising with counterparts at the administrator and auditors

•           Involvement in the year-end audit and review of annual financial statements

•           Contributing to future state IT and business process architecture

•           Ad hoc project work / ongoing process improvement

The product control team is responsible for :

•           Daily PL preparation and reporting to the front office.

•           Verification of the daily and monthly asset prices and the resulting calculation of PL adjustments across all products/funds.

•           Production of weekly and monthly NAV estimates for Bluecrest’s funds for distribution to investors

•           Review of month end information supplied by the administrator, reporting exceptions on a timely basis to meet fund deadlines.

•           Regular communication with the fund’s administrators, reviewing / amending information supplied before reporting to the trading desks.

•           On an ad-hoc basis, specific reporting to stakeholders around the firm. This can vary from day to day trader requirements, compliance reporting to management information requirements.

•           Specific involvement with the launch and set up of new BlueCrest funds.

•           Ad hoc project work and ongoing process improvements.

The ideal candidate should have significant relevant post-qualified experience in a Product Control role gained within an investment bank or other asset manager and preferably linked in closely with valuation. Products traded by BlueCrest Capital range from vanilla through to Exotic across all asset classes – breadth of exposure would be advantageous, but is not a requirement. The candidate would preferably have had some exposure to structured credit specifically and at least be familiar with the challenges in valuing these products. The candidate should have managed a team, and show clear evidence of motivational and people management skills.

The candidate must have very good A level (or equivalent) grades in numerical subjects, a strong degree from a major academic institution and hold an accountancy qualification.

The candidate should be able to demonstrate initiative and the ability to cope with products/issues not previously encountered, as well as a commitment to professional integrity in balancing the needs of all stakeholders. An understanding of NAVs, fund accounting and pricing methodologies would also be an advantage but is not a requirement. Very importantly, the candidate should be able to work independently and be delivery focused.

The successful candidate should be enthusiastic, a good communicator, a quick thinker and analytical. They should be motivated by the thought of working for a more dynamic organisation and being able to make a difference in a smaller company.