Equity Derivatives Product Controller

Allegis Group Services are the onsite recruitment partner at RBS and manage all contract and temporary opportunities for RBS M&IB (Markets and International Banking).

We have an outstanding contract opportunity for a Product Controller to make their mark with one of the world's largest international banking and financial services companies. In the role, you will play an integral role in helping our client deliver market leading services that set it apart from its competitors.

The team is responsible for the accurate and timely reporting of the daily P&L/balance sheet for the Equity Derivatives - Index Trading businesses. This includes the Index Exotics, Index Volatility, Index Delta 1 and Asian Equity Derivative businesses.

The role will include work on all areas below (in conjunction with other team members)

- Calculate the daily P&L. Decompose model P&L into the constituent greeks & minimise the unexplained P&L outputs. Escalate P&L outlier outcomes that are at variance to VaR predictions. Negotiate the resolution of Flash to actual P&L variances in a manner that preserves the key business relationships, whilst maintaining professional objectivity and independence from the business.
- Be an active participant in the evolution of the reserving framework.. Ensure that the IAS & uncertainty reserving process is maintained in an up to date state, and where necessary, devise new processes, that are capable of taking account of new risks arising from issuance of new products that reference non-equity asset classes.
- Critically appraise the realism of day1 P&L that arises on issuance of complex instruments. Actively challenge the trading desk to justify outlier day1 amounts. Ensure day1 deal analysis feeds back into reserving framework.
- Develop a comprehensive understanding of Equity Derivative market risks, credit risks, balance sheet & RWA's. Demonstrate an advisory capability with respect to Equity Derivatives and their impact on the published RBS plc quarterly statements. Take ownership of unresolved balance sheet outages. Be positioned to offer critique on the key RBS plc published balance sheet disclosures.Collaborate with Market Risk, IPV, Quantitative Analytics, Legal and Front Office and other Finance teams to ensure the continued preservation of a disciplined controlled environment.
- Apply a "continuous improvement" mindset to the task of extracting maximum efficiencies from daily processes. Develop automated routines as a substitute for manual routines. Support the Target Operating Model by earmarking repetitive low value tasks for offshoring.

Essential.

- ACA/CIMA/ACCA qualified or Msc Finance equivalent,/B.Sc/B.Eng Degree (2i or above)
- Excellent IT skills Access/Excel essential, VBA an advantage
- Relevant Risk/Product Control experience.
- Derivatives Product Control experience (Equity derivatives desirable but not absalutely necessary).

Unless otherwise stated, you should ensure that you're already authorised to work in the United Kingdom. Allegis Group Services welcomes all applications from all areas of society and does not discriminate on grounds of religion or belief, ethnic or national origin, race, age, disability, citizenship, marital, domestic or civil partnership status, sexual orientation, or gender identity.

Allegis Group Services is acting as an Employment Business in relation to this vacancy.