Equities Product Control Equities Product Control …

The Bachrach Group, Ltd
in New York, NY, United States
Contract, Full time
Last application, 13 Feb 20
The Bachrach Group, Ltd
in New York, NY, United States
Contract, Full time
Last application, 13 Feb 20
The role supports the Equities PB and Clearing business. Products include Equity PB, Cash equities, structured notes, OTC derivatives

This role manages has oversight functions over near-shore team supporting Equities PB, Cash Equities and OTC derivatives and provides all relevant reporting and analysis of financial metrics (P&L, Attribution, Various control functions, etc.) to the business and Finance management.

Daily responsibilities will include:

  • A good understanding of the equity business and functions related to product control which includes understanding of the P&L process, P&L explain process and performing various controls
  • Provide value-add analysis to business/client and Senior Finance management on weekly/monthly/quarterly basis
  • Provide meaningful commentary on the P&L drivers on a daily basis. Explain the attributes of the daily profit & loss (P&L) based on underlying risk components
  • Partner with various support groups to help facilitate the daily BAU process. Act as a liaison between Finance and Front Office to analyze the accuracy of trade / position valuations.
  • Take full ownership of the daily P&L process and perform oversight function for near-shore team.
  • Be able to Research and resolve P&L discrepancies between Front Office and Finance which will include working with Operations, the Trading Desk, IT, Financial Reporting, and Market Risk Control.
  • Perform daily due diligence for new trades and explain any difference between estimates vs actual P&L.

Project and Other Responsibilities:

  • Document and maintain our Groups’ policies and procedures
  • Preparation of P&L reports and analysis.  Examples include business review and ad hoc requests from the Front Office
  • Attend to internal/external audit and regulatory inquiries
  • Sponsor and help with delivery of strategic change projects and its implementation

Skills & Qualifications:

  • Sophis knowledge is preferred for calculating P&L and Attribution
  • Strong Excel skills required
  • Strong analytical skills required and ability to multitask.
  • Ability to build relationships and partner with staff at all levels, including senior management
  • Must have good communication and writing skills. Self-starter and highly motivated.