Overview
We are offering an exciting opportunity to join our London Product Control team, where you will play a key role in providing financial reporting and support to the Front Office desk (Risk Management Group). This desk is responsible for funding/collateral related valuation adjustments for derivative trades. This is a permanent, full-time role and requires 4 days in the office at our 10 Fenchurch Avenue, London Office.
What will you do?
- Daily supervision of reporting by members of the team, and daily production of daily desk P&L including commentaries.
- Provide an effective link between Front Office (FO) and Financial Control, requiring detailed product knowledge, so that disagreements in daily P&L are resolved timely and ultimate P&L agreement with FO is achieved, evidenced and logged.
- Ensure integrity of the bank's books and records via reconciliation and attestation.
- Assist with higher level month end reporting tasks, including creation and review of adjustments, ledger reconciliations, attestation and production of adequate audit trail.
- Provide leadership and input into designing, testing and delivering major infrastructural changes for the business. Involvement in change management projects to deliver improvements to daily processes.
- Ensure adequate documentation exists to support existing processes, enabling effective X-training and cover.
- Report consolidated results to senior management including appropriate valuation adjustments.
- Assess areas of procedural and control weakness and implement solutions through redesign, procedural improvement and technology advancements.
- Facilitate adherence to and substantiation of Regulatory and Audit requirements within Capital Markets.
What do you need to succeed?
Must-have
- Demonstrable and relevant Product Control experience (ideally in Interest Rate Derivatives products) gained within a banking/trading environment.
- Required recognised Accounting qualification expected, but exceptional candidates may qualify with relevant experience.
- Strong product accounting skills with solid awareness of management and HO accounting processes and financial, statutory and regulatory reporting issues.
- Strong intellect, energetic and self-motivating, a people manager with a team player ethos, innovative, capable of multi-tasking, tactful, reliable.
- Creates solutions which are well designed and logical; have near optimum efficiency/levels of automation, with a keen focus on quality and timely delivery.
- Excellent communication skills especially with Front Office members.
- Assumes high level of responsibility whilst communicating key issues upwards and downwards when required.
- Capable of working within tight deadlines and under severe time pressure. Strong ability to convert theory into practice.
- Excellent numerical skills with the ability to problem solve in a logical manner.
- Able to identify areas of procedural and control weakness and design robust and automated solutions that dovetail into fully reconciled B/S.
Nice-to-have
- Good awareness of derivative valuation adjustments particularly on CSA discounting.
- Familiarity with Trade booking systems such as Murex.
- Strong knowledge of "Greeks" based decomposition.
What is in it for you?
- A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Opportunities to work with the best in the field
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- A world-class training program in financial services
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