UBS Commodities / Structured Products Product Controller recruitment
Following the re-entry by UBS into the Commodities business in 2010, Product Control have built a team in line with the business growth resulting in an opportunity within the line team in London.
The main function of the Product Control team is to provide control, daily PL and other analyses to the Global Commodities business. The global business includes flow trading, index and structured commodities trading desks.
The successful candidate will have daily PL and balance sheet responsibilities ,more specifically, the candidate will be expected to:
• Take ownership of all facets of the PL and balance sheet issues surrounding the trading book. This will include written commentary on PL and balance sheet movements.
• Integration of the different parts of the Commodities business will see migration from a number of risk-management systems such that the candidate will be involved in process change and control.
• Control and review of trading data in-flow to the PL production tool and discussion of this data with the trading desk.
• Daily PL reporting to traders and senior management - production, analysis, explanation and reporting of the daily trading PL.
• Reconciliation of reported PL to underlying ledgers.
• Balance sheet review and reserve analysis.
• Liaison with trading desk, Valuations, front-office support, Operations and Global Reporting, to discuss and resolve ad hoc issues concerning bookings, valuations, new business, strategy and other areas.
• Work closely with traders to understand their trading strategies and risks.
• Contribute to initiative to transform the operating model within product control to become a more proficient business decision support team, working closely with the business to understand balance sheet, capital, RWA and plethora of capital or liquidity charges.
This is a challenging role with exposure to varied commodities products and a Global business.
The role will expose you to all commodity transactions and given that PL production is off shored, your role will be highly analytical and interactive with Front Office and the IPV function.
It is not essential that you have produced PL for a commodities desk previously, but you must have held a product control position within a structured products or equity derivatives function.
An accountancy qualification is not a pre-requisite for this opportunity, however you will have a strong academic background, possibly a Masters, with good grades in your degree and at A level.
UBS can offer you an environment geared towards performance, attractive career opportunities, and an open corporate culture that values and rewards the contribution of every individual.
We can offer you an exciting, fast-paced working environment, a culture of mutual respect and teamwork and the opportunity to play a vital role in our growth. If you are attracted to joining an organization where every individual's contribution counts and where your talent will impact on our future, please apply for this position.
UBS is an equal opportunity employer. We respect and seek to empower each individual and the diverse cultures, perspectives, skills and experiences within our workforce.