Product Controller – FID Counterparty Portfolio Management- Associate Level recruitment
Position Category: Finance/Accounting
Position Title: Product Controller - FID Counterparty Portfolio Management- Associate Level
Job Level: Associate
Location: USA - NY - New York (One NY Plaza)
Education Required: Bachelors Degree
Position Description:
The Fixed Income Counterparty Portfolio Management business is responsible for managing counterparty risk for the firm's OTC derivative portolio. This is done through the use of counterparty valuation adjustments (CVA) which is hedged with OTC derivatives or through collateral management. The business is the firm's primary source of protection from losses associated with counterparty default.
The new hire will have responsibility for producing the daily pl for the CVA trading desk. This involves the verification of pl generated from CVA and from hedging transactions (principally credit derivatives), review of pl attribution by risk factor (the greeks) and review of new activity gains/losses. There is additionally a reconciliation between the actual pl and the trading desk's estimate. The new hire will provide commentary for senior management on the daily and weekly pl generated by the desk.
The new hire will also have responsibilities for month end pl and balance sheet reconciliations, quarterly accounting disclosures and will be involved in a diverse range of ad-hoc tasks and projects.
The new hire will report to a Senior Manager.
Skills Required:
3-5 years of finance/accounting experience, preferably as a product controller for a fixed income business
BA or BS in Accounting and/or Finance
Excellent analytical and problem solving skills
Effective ability to communication compex issues quickly
Strong interpersonal skills dealing with a broad range of other departments within the firm
Strong Excel skills (macros, pivot tables)
Strong organizational and teamwork skills
Skills Desired:
Knowledge of US accounting standards, particularly relating to OTC derivatives would be preferable.