Product Control - Derivatives Redress Business Control - London

PRODUCT CONTROL - DERIVATIVES REDRESS BUSINESS CONTROL - LONDON

A Leading Financial Services Company are recruiting for a Product Controller/Business Controller to maintain the redress books for the Small and Medium Enterprise Derivatives past business review on a three month rolling contract.

The key tasks performed by the Business Controller are:

- Oversee/perform production, analysis, explanation and reporting of the daily trading profit and loss
- Balance Sheet & P&L reporting and associated controls
- Reserving (Trading reserves such as Bid-offer, model reserves)
- Weekly P&L reporting, including presentation of P&Ls and related information
- Drive the agenda for the month end close supporting the accelerated close initiative to ensure that our reporting requirements are met on a timely basis
- Collation and monitoring of key performance indicators (KPIs)
- Work closely with traders to understand their trading strategies and risks

This role supports the mark-to-market books within GCT. Products in these books currently include Bonds (gilts, inflation linked & corporate), Mortgage bonds, Credit default swaps, Interest rate swaps, Inflation swaps and FX Forwards. It is an expanding area, and new products may be traded in the future.

Experience Required:

- Industry experience in a product control environment of mark-to-market derivatives
- Understanding of derivatives pricing, P&L calculation and valuation variables
- Managed preparation of daily balance sheet and P&L reconciliations
- Ability to multi-task: working on several projects and delivering results consistently
- Capacity to innovate and improve upon the effectiveness, efficiency and scalability of the existing processes
- Advanced skills in using Excel
- CIMA, ACCA or ACA qualified
- Established understanding of balance sheet substantiation and co-ordination of a month end reporting schedule
- Managed preparation of daily balance sheet and P&L reconciliations
- Communication of issues to senior management