DCM, Equity, FI and Derivs PRODUCT CONTROLLER, AVP DCM, Equity, FI and Derivs PRODUCT CONTROLLER, AVP …

Financial Services
in London, United Kingdom
Permanent, Full time
Be the first to apply
GBP55000 - GBP70000 per annum + exceptional benefits pckg and bonus scheme
Financial Services
in London, United Kingdom
Permanent, Full time
Be the first to apply
GBP55000 - GBP70000 per annum + exceptional benefits pckg and bonus scheme
DCM, Equity, FI and Derivs PRODUCT CONTROLLER, AVP Hybrid role across daily P&L, challenge/review & valuation control ipv

DCM, Equity, FI and Derivs PRODUCT CONTROLLER, AVP

Banking & Financial Services

City of London based

World class bank's centre of excellence-diversify own product knowledge in-role

Genuine, non political colleagues - close nit environment

Description

DCM, Equity, FI and Derivs PRODUCT CONTROLLER, AVP

Banking & Financial Services

City of London based

This P&L Reporting role sits within the Product Control team supporting trading desks and includes many responsibilities which overlap with the functions of the Financial Control team.

It is an important role in the Finance department as the principle face off to the Front Office traders for the daily P&L reporting of the Securities which includes P&L reporting and financial control of the following desks:

  • Debt Capital Markets
  • Equity Capital Markets
  • Fixed Income trading
  • Equity trading
  • Derivatives Trading

  • Daily P&L reporting for all products and services, including DCM / ECM fees receivable and payable, bonds (corporate, Govt, FRN's...), equities and repo / reverse repo
  • Daily valuation of securities portfolio and P&L reconciliation
  • Accurate reporting of P&L to front office and senior management
  • Ownership of General Ledger (GL) account balances for P&L and BS
  • Generate and post GL journal entries for daily and month end close
  • Owner of Balance Sheet and responsible for monthly substantiation of GL balances
  • Ensuring accurate classification of balances on the P&L account and Balance Sheet (e.g. third party and related party classification and reporting)
  • Head Office Reporting of the division activities and balances
  • Month, Quarter and Year End close process for related GL balances and reporting
  • P&L commentary (daily, monthly, quarterly, annually)
  • Front to Back Reconciliations (FOBO) for securities and repo positions, reconciling FO system positions vs GL balances vs Depot positions
  • Assisting with other ongoing and ad-hoc work as required to support the Finance function

Profile

  • Very good knowledge and understanding of the securities business including:
    • the life cycle of a bond, equity and repo trade, life cycle events (e.g. corp actions) and detailed understanding of the GL accounting entries throughout the life cycle
    • key market and other risks associated with various securities products
    • the mechanism of Underwriting
    • Key checkpoints required to maintain adequate control
    • understand pricing concepts to help with IPV testing of products in scope
  • Microsoft Excel to a very high level (e.g. macros, pivots, efficient data manipulation / processing, reconciliations)
  • Ability to pro-actively work through problems for oneself and deliver required output
  • Ability to meet demanding deadlines with flexibility to work extended hours with little or no notice (early starts / late finishes)
  • Ability to self-learn and navigate through systems
  • Hands-on approach, attention to detail
  • Enthusiasm, confidence, keen desire and ability to identify and implement changes and improvements to processes
  • Ability to communicate and present technical / complex matters in a simple way to various audiences
  • Able to work with a range of business functions
  • Ability to use Bloomberg for pricing bonds and price quotes

Professional conduct with good interpersonal and communication skills

Job Offer

  • Base from £55,000 to £65,000
  • Exceptional company benefits package
  • Competitive bonus scheme
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