Profit and Loss Controller – AVP

Business Overview:

Product Control overview:

Fully integrated in
the IT and Operations (“ITO) department, Product Control covers a large panel
of operational activities aiming to monitor the life cycles of the trades. It
starts from the portfolio creation for trade booking, the trade booking itself,
the monitoring of the events associated to the trades, the P&L calculation,
explanation and validation on a day-to-day basis as well as  the monitoring of the trading activity,
ensuring that the traders mark their books to fair value prices. It also
encompasses the confirmation of trades with counterparties.

P&L Controller Overview:

This position is for a
P&L controller supporting and controlling the Global market and ALMT business in New York, Canada,
Mexico, Colombia, Europe and Asia. The selected candidate will be part of the
P/L team which produces daily P/Ls and Explains for dedicated trading desks.

The role will
encompass daily P&L responsibilities and the successful candidate will need
to fully understand and explain the key P&L drivers.  The individual will be required to establish
effective working relationships with both Front Office and other areas of
support. (E.g. Trade Support, VR&C, Market Risk, Finance & IT) –
allowing for an integrated and proactive approach to the business’
requirements, understanding the lifecycles of the products traded and the
systems and reporting mechanisms required to enable full control and accurate
and appropriate information to be supplied. 

·       The
preparation and supervisions of daily and monthly management revenues for the
Rates and Credit activity and their reconciliation with the estimates of the
traders and with the financial accounts

• Analysis and reporting of daily P&L with
  detailed Greek breakdown for multiple products including futures, options,
  interest rate derivatives and Structured Products
• Reconciliation of PnL to Front office estimates
  with detailed Greeks and New deal breakdown
• Ensuring the pricing configuration complies with
  trading strategy and internal controls, collaboration with V&RC and
  Risk required to enforce consistency
• Analysis, understanding and commentary on PnL
  using analytical tools
• Working with front office and trade support and
  other parts of the middle office to resolve operational and booking
  issues 
• Working with front office and market risk to
  finalize month end PnL validating Map and Reserves at the trading book
  level
• Collaboration with Risk to evaluate and explain
  cash and PV movements above established thresholds to facilitate risk
  reporting
• Ensuring the MTD management P&Ls are
  consistent with the final end of month general ledger P&L
• Lead new systems deployment which is not limited
  to being part of TAC/NAC, gathering requirements, testing UAT database,
  ensuring results match expectations and reporting impacts 
• Discussing and reviewing trading P&Ls with
  management
• Continuously improving controls
• Continuously improving efficiencies

Support for Front Office and Other Internal
Stakeholders

·      
Liaise with trading floor personnel and ensure a
satisfactory resolution of all FO inquiries

·      
Interact with Operations functions and other
infrastructure groups to support a ‘one team approach’

·      
Strive to meet or surpass the service level
agreement

·      
Manage deadlines and objectives

Communication

·      
Ensure timely and efficient dissemination of
data and the resolution of inquiries

·      
Identify and escalate time / risk sensitive
issues to the team supervisor

·      
Cohesively explain and maintain own position,
logically, in light of differing views

Culture

·      
Focus on the needs of the business

·      
Act with integrity, accepting
responsibility for actions

·      
Recognize opportunities for
creativity and development of processes

·      
Achieve a sensible work/life
balance.

Applicable to All

·       Ensure the business area conducts its activity in
accordance with all relevant external regulators and internal policies.

Minimum Required
Qualifications:

• Bachelor’s degree or equivalent required
• 5 years of previous experience in P&L
  Control, Financial Control, or a Middle Office environment including  2+ years in P&L Controller role
• Knowledge of the English is required
• Superior attention to detail and accuracy
• Strong interpersonal and communication skills a
  must
• Ability to work in a fast-paced environment
• Strong Excel & PC skills with proven ability
  to work with multiple systems
• Spirit of continuous improvement
• Display good relationship qualities, team spirit,
  and ability to work across teams
• Fluency in financial markets

·       Solid understanding of the of following products:
Loans & Deposits, FX Products, Interest Rate Swaps, Bonds, Repos, CDS, CDX,
Equity Derivatives and Listed Derivatives.

• Knowledgeable of the Greeks

Preferred Qualifications:

• Graduate degree in Finance, Math or Engineering
  or other quantitative disciplines
• Working knowledge of Programming languages such
  as VBA, SQL & Python
• Experience in pricing, valuation or hedging of
  derivatives

FINRA
Registrations Required: 

• None
  needed