- Job id
- 20172
- Location
- London
- Full/Part Time
- Full-time
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Job Summary & Responsibilities
Finance is responsible for the firm's capital management and risk monitoring. By tracking and analyzing the capital flows of the firm finance is the principal adviser to senior management on essential areas such as controlling the firm's global risk exposure and the profitability and structure of the firm's various businesses. Finance activities are organized into six main areas: The Controllers, The Corporate Insurance and Risk Advisory Group, Corporate Tax, Corporate Treasury, Credit and Market Risk Management and Analysis.Product Control supports the Securities Division trading businesses. Its main responsibilities are to produce and analyse the daily trading activities, to report the trading divisions’ profits and losses and to verify the values of positions held by the trading desks, both cash and derivative. This role requires extensive liaison with the trading desks, the Risk Management Group and the Operations Teams, as well as with colleagues in Controllers. Additionally Product Controllers have expert knowledge in all aspects of the valuation of products traded by the business, the calculation and explanation of p&l, balance sheet treatment and financial reporting and disclosure requirements (both US GAAP and local GAAP).
RESPONSIBILITIES
Account and monitor for the Firm’s trading activities
Preparing daily P&L’s for trading desks, involving pricing reviews to ensure reasonable valuation of inventory and substantial use of the firms accounting systems
Assessing risk inherent in trading positions, whether market, compliance or reputational risk etc Identifying any trades booked incorrectly in the firms trade procession systems
Intelligently reviewing trading activity with the objective of highlighting anything unusual and reporting this to management Knowledge of product and market awareness
Using and interpreting sophisticated risk of loss systems
To be fully informed of all department developments and issues in their trading areas
To interact with traders and their management
Liaising with operations departments in a problem solving capacity
Month-end procedures preparing accounts for posting to the firm’s general ledger
Basic Qualifications
Basic Qualifications• ACA Qualified Accountant
• Solid cross asset experience (Credit/Rate/ FX/Commodity/Equity)
• Capital markets experience
• Experience in working within risk assessment frameworks
• Experience in Loan Impairment assessment, counterparty risk exposure and CVA
• Knowledge of IPV process and valuations
• Detailed understanding of derivative and credit support annex documentation in conjunction with how this impacts trade modelling and valuations
• Experience managing audit engagements for financial institutions encompassing internal controls, business (i.e. credit risk) and financial statement risks (Global Investment and Private Banks)
• Demonstrable experience in dealing with Senior Management both internally and externally
• Leadership experience in staff development
Opening date: 14th January
Closing date: 10th February
Full time/Permanent
Salary: Competitive
Location: London
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