Structured Rates Product Controller - Associate Structured Rates Product Controller - Associate …

Michael Page
in London, United Kingdom
Permanent, Full time
Last application, 22 Jan 21
GBP55000 - GBP75000 per annum
Michael Page
in London, United Kingdom
Permanent, Full time
Last application, 22 Jan 21
GBP55000 - GBP75000 per annum
Structured Rates Product Controller - Associate to Snr Associate Structured Rates IB/AM/Retail knowledge Derivatives and financial instruments, preferably structured rates products such as but not limited to Bermudan Swaptions P&L, Balance Sheet, Commentary explanations and Business partnering

IB/AM Bank - mid sized with huge global reach
Reputable brand with growth-room both company and personally

Description

Structured Rates Product Controller - Associate to Snr Associate

City of London

Banking & Financial Services

The role is in the EMEA Structured Rates business. This business includes the Structured Rates Exotics business as well the Insurance Solutions and Structuring. These businesses are both diverse and complex, covering a variety of trading strategies and products including but not limited to exotic interest rates and reinsurance products namely variable annuity and regulatory capital financing transactions.

The candidate will be responsible for all aspects of control and liaison with the Front Office, Risk Management, IT, Middle Office and other finance teams. The candidate will be one of the finance points of contact for the business on new products and new transactions. They will also be responsible for performing assessments of transactions including PL recognition and reserving, deal review, review of financial resource metrics and reporting and presenting to both local and global senior finance management.

  • Managing the reporting of a comprehensive daily trading PL and balance sheet, including PL Explain with detailed commentary covering PL drivers, trading activity, key exposures and market context.
  • Carry out intelligent analysis and challenge the business performance, trading activity, deployment of financial resources and adherence to governance requirements.
  • New deal analysis with responsibility for coordinating Finance wide reviews of new products and new transactions reporting conclusions to senior finance management.
  • Own the business relationship, opine and validate PL recognition challenges and reserve requirements.
  • Responsible for financial resource and return calculations on new transactions as well as understanding all aspects of financial resource consumption such as capital, balance sheet and leverage exposure for the EMEA Structured Rates business.
  • Stakeholder management across Trading, Risk, Middle Office, Operations and IT.
  • Monitoring of key controls and reconciliations, owning the adherence to policies and procedures. Constantly challenge the status quo and look for opportunities to improve the control environment, maintaining best practice control standards.
  • Ensure that all activities are carried out in full compliance with Product Controls policies and procedures and internal Policies and Policy Standards.
  • Represent Finance's interest on key firm wide projects.

Profile

Structured Rates Product Controller - Associate to Snr Associate

City of London

Banking & Financial Services

  • Relevant product control experience with a strong understanding and experience of derivatives and financial instruments, preferably structured rates products such as but not limited to Bermudan Swaptions and CMS linked swaps and options. Some knowledge of insurance products would also be desirable but not essential.
  • Preferably a qualified accountant (CIMA, ACCA, ACA, etc)
  • Good academics, preferably in a numerate subject.
  • Self-starter with strong time management and multi-tasking skills.
  • Ability to face off with key business stakeholders.
  • Strong communication skills and attention to detail with analytical capability and a 'can do' attitude.
  • Track record of improving controls and processes and adding value to clients/stakeholders.

Job Offer

  • Base from £55,000 - £75,000/80k for right person
  • Exceptional company benefits package
  • Competitive bonus scheme
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