Equity Derivatives Business Control # 107186

We Offer
We aspire to be the best Finance division in the industry and a core driver of the bank's vision.
  • Actively handle bank's capital, funding, liquidity and expenses to ensure we are well-capitalized and have a strong enough balance sheet to withstand adversity and uncertainty
  • Drive cost efficiencies and growth discipline
  • Committed to improving the control, quality and efficiency of our information, advice and services
  • Engage with business to actively prepare bank for regulatory changes
We Offer:
  • Ensuring complete, accurate and timely P&L, Balance Sheets and analysis
  • Working with the businesses and the new business product groups to evaluate & integrate new products and businesses into our financial environment in a controlled manner
  • The provision of reliable and meaningful financial information to the business managers, external partners and other relevant internal constituents
  • Executing controls to detect unauthorized trading or unusual activity and raise on time to senior management
The role is an AVP/VP level role and to be the successful in this role you are expected to take ownership of the execution of all responsibilities that fall upon Business Control. These include:
  • Validate Daily P&L through risk based explains and new trade analysis. This includes analytical reviews of P&L with a key understanding of market moves, new trading activities, provision validation, model parameter changes and flash vs actual drivers
  • Providing managerial mentorship and supervisory oversight of the team. This includes effective organization, accurate execution of processes, and resolution of issues, applying subject matter expertise/judgement and ensuring timely escalation of issues to management
  • New trade/product approval after understanding of payoff structure, trade booking model, valuations and accounting implication. Liaise with Front Office and Valuation Control team to discuss and resolve issues
  • Detailed analysis of new trades P&L including payoff structure, over-hedge, and valuation methodology; challenging any breach of Product Information

Open to discussing flexible/agile working.

We offer competitive salary, the advert expires 4th of January 2018.

You Offer
  • Experience in Exotic derivatives Product Control within Banking. Any asset class is fine, preferably Exotic Equity Derivatives
  • Confirmed understanding of Exotic derivatives and Structured Notes including front to back business, products and valuations
  • High regard for attention to detail and accuracy to ensure close control of P&L and Balance Sheet
  • Strong written and verbal interpersonal skills
  • High self-motivation and the ability to work both independently and as an effective team member
  • Ability to partner and work effectively both with direct team members and with colleagues across the wider organization
  • Excellent academics: Bachelor of Science, Accounting or Business degree with an overall mark at least 2.1 from a well-respected university, preferably a numerate Master degree