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VP Equity Derivatives Controller

  • Location: London
  • Sector: Finance
  • Salary: £80000 - £100000 per annum
  • Job type: Permanent
  • Date posted: 21/09/2017
  • Job reference: 210917NJ
This vacancy has now expired.

A first tier Investment banking client of ours is looking for a VP level Equity Derivatives business controller.

Key responsibilities include:

  • 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 substantial financial information to the business managers, external partners and other relevant internal constituents.
  • Executing controls to detect unauthorised trading or unusual activity and raise on time to senior management.
  • 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 guidance and supervisory oversight of the team. This includes effective organisation, accurate execution of processes, and resolution of issues, applying subject matter expertise/judgement and ensuring timely partner concern 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 Pack (PIP) and Pre-trade Approval.
  • Active participation and valued contribution to PC and Business projects.
  • Understanding of Fair Value levelling; Production and analysis of Fair Value disclosures.
  • Maintaining key relationships and representing the PC agenda in meeting with functions such as Front Office, COO, Market Risk, Credit Risk, Technical Accounting, Financial Modelling, etc.

To be considered for this role you must be qualified with over five years banking experience with a product control environment working with in derivatives/exotic Asset class. Deep understanding and experience of Structured Notes and Structured derivatives business, products and valuations in preferably Equity derivatives will be an advantage.

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