Description

Our client is a successful global banking group with an excellent reputation for being a growing and well-run/stable organisation with good staff retention and a solid track record of developing Finance careers. This role sits within the Product Control team, supporting the Trading desks and acting as a key role as the principal face off to the Front Office traders for the daily P&L reporting and balance sheet control of the following desks: Debt Capital Markets, Equity Capital Markets, Fixed Income trading, M&A, and Equity trading, with additional coverage of the Derivatives Product Group and Treasury activity.

Responsibilities and Tasks:

• • Daily P&L reporting for all products and services of the Securities product desks
  • Providing backup cover for daily P&L reporting for Derivatives with focus on IRS, CCS and RPI trades
  • Daily reporting of XVA
  • Enhance IPV process and reporting
  • Drive to understand and resolve root causes of issues identified in core activity
  • Enhance control framework and drive process change
  • Balance Sheet substantiation of GL balances
  • Ensuring GL revenue balances agree to management and daily revenue reports with insightful commentary
  • Develop subject-matter expertise to collaborate in bank-wide transformation initiatives

Skills and Experience Required:

• • Controls-first mindset, being the guardian of integrity of core financials and enhancing the control environment
  • Advanced knowledge and understanding of a Securities business including: the life cycle of a bond, equity and repo trade, life cycle events (e.g., corporate actions) and detailed understanding of the GL accounting entries throughout the life cycle; key market and other risks associated with various securities products; and the mechanism of underwriting
  • Understand differences between trade date/value date accounting and ideally a working knowledge of IFRS / GAAP accounting differences
  • Ability to understand end-to-end operating model and accounting process flows & implications
  • Knowledge of CVA, DVA and FVA. How they are calculated and factors that can influence their daily valuation
  • Managing self and others to pro-actively work through issues and coach and collaborate with other team members
  • Ability to communicate and present technical / complex matters in an effective way to various audiences