• Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Credit Suisse -
  • 19 Sep 18

EMEA Product Control Structured Notes Branch # 107330

We Offer
This role falls within the Structured Notes team, which comprises 3 aspects:
  • The team controls front-to-back, the Structured Notes Issuance portfolio for the three key note issuing entities - London, New York and Nassau Branches across all Divisions
  • The team validates the calculation of own credit (also known as Debit Valuation Adjustment) on the Structured Note population across all entities
  • Management of migration of Structured Notes from Legacy platforms to the Target Operating Model (TOM) platform

The combined team works closely with Front Office (FO), COO's, Treasury, Finance and Operations and are responsible for the integrity of the books and records. The bespoke architecture and operational complexities surrounding Structured Notes and the significant own credit exposure means that this is a high profile space with numerous challenges as Structured Notes are migrated from Legacy to TOM platforms, involving close interaction with the Structured Notes Project team and FO. The area is complex due to its operational processes, dispersed FO ownership and accounting and valuation challenges.

The key deliverables of the role are as follows:

Daily
  • Own Credit P&L production and analysis
  • Cover for risk free Structured Notes P&L production and analysis

Monthly and Quarterly
  • Balance Sheet & P&L production and analysis
  • Review of multi-GAAP journals / adjustments - US GAAP, IFRS & Swiss
  • Performing month-end and quarter-end production tasks, which include Account Ownership, Legal Entity and Regulatory Reporting and Accounting Policy implementation
  • Control reporting, which includes appropriate escalation, Audit Points, Control Improvement Points, Incident Reporting and SOX documentation and testing
  • Partner and liaise with various stakeholders which include Front and Middle Office, other PC teams, Operations, Accounting, Technical and New Business
  • Reduction of operational risk and cost through automation and process efficiency projects

Open to discussing flexible/agile working.

You Offer
  • Some Product Control experience (alternatively Newly Qualified, ACCA, CIMA, ACA)
  • Strong accounting skills required (US GAAP would be an advantage)
  • Understanding of financial products
  • Cross-functional knowledge of Support and Financial Accounting departments within an investment bank
  • Demonstrated ability to implement change, particularly in improvement of controls & automation

London, England, United Kingdom London England GB