Product Control Group - Top Investment Bank

Job Description / Function:                 

The Product Control Department  is seeking a Manager for the Derivative Products Group.  Activities include directing

the preparation of accounting and risk based P&L reports, reviewing risk reports, reserve policies, valuation adjustments and running various

projects related to the Derivative Products Trading business.  Product coverage includes swaps, swaptions, bond options, futures, exotics and

various other derivative products.  The candidate should possess 8-10 years of experience within a product P&L function of a capital markets trading group and be a qualified accountant or have a strong accounting background.          

           

       

Serve as a senior member of the Finance Group supporting the Managing Director of Product Control, Corporate Controller and CFO as needed.

Manage a staff of 3 in the daily preparation of the preliminary and final P/L for the Derivative Products trading group.   

Ensure that adequate cross-training of functions exists to allow for sufficient backup support for all functions.    

Supervision of staff including daily review of work product, ongoing feedback on performance, identification of training and development needs setting and monitoring progress against performance goals.         

Ensure that staff has sufficiently reconciled the daily p/l to the underlying risk components by strategy.    

Participate in New Products meetings assessing the potential risks and exposures inherent within new transaction types and deal structures.

Liaise with support areas to ensure trades are correctly booked.            

Develop close working relationship with trading, operations, credit and market risk management personnel.    

Assist in the monthly accounting close process, addressing issues and queries from accounting staff.    

Address ad hoc requests from the trading desk and senior firm management.         

Supervise the preparation of a weekly and monthly commentary explaining market performance and individual business returns.

Serve as a liaison with Financial Reporting group on monthly reconciliations.          

Interact with staff addressing issues as they arise from the daily V@R back-testing for reporting to global head office.   

Seek continued enhancement of Product Control process through automation.        

           

           

Job Qualification / Requirements:              

           

Minimum 8 - 10 year full-time experience supporting a securities trading environment.         

Qualified Accountant (CPA) or BS/BA in Accounting / Finance required.                 

Strong knowledge of Fixed Income Bond and Derivative trading products mandatory.         

Strong knowledge of Risk management tools and concepts.             

Past experience in valuing a Bond / Derivative trading portfolio             

Detail oriented, high degree of accuracy in all duties.               

Ability to think and operate beyond standard scope of responsibility, possess strong decision making skills, demonstrate independent judgment.

Highly organized and adept at time management.               

Ability to excel in a stressful environment, properly prioritize and manage several competing initiatives / responsibilities while meeting firm deadlines.

Strong team player, able to leverage staff, and peers for maximum output          

Strong project management skills ? must have ability to see a project from creation to completion      

Exceptional communication skills; ability to communicate openly with all levels of employees on a variety of matters both written and verbal.

Possess an ability to develop process efficiencies and seek continuous improvement within analytical functions  

Strong knowledge of accounting guidelines applicable to a Derivative Trading business          

Comply with firm attendance requirements