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Job Details

Equity Derivatives PampL Controller

Company name
Hamlyn Williams

Location
Manhattan, NY

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Profile

Manhattan, NY, USA

Job Type:

Contract, Full time

Company:

Hamlyn Williams

Posted on:

09 Jan 18

2018-01-09

The Equity Derivatives business has a substantial trading presence. This position is for a P&L controller supporting and controlling these businesses in New York. The selected candidate will be part of the Global Markets P/L team which produces daily P/Ls and Explains for dedicated trading desks. The individual will be required to establish effective working relationships with both Front Office and other areas of support. (e.g. Market Risk, Finance & IT) -understanding the lifecycles of the products traded and the systems and reporting mechanisms required to enable full control & accurate.

Departmental Objectives

The preparation and supervisions of daily and monthly management revenues for the Equity activity and their reconciliation with the estimates of the traders and with the financial accounts

Analysis and reporting of daily P&L with detailed Greek breakdown for multiple products including futures, options, equities, variance & correlation swaps, interest rate derivatives and Structured Products

Reconciliation of PnL to Front office estimates with detailed Greeks and New deal breakdown

  Resolution of PV breaks between client/ counterparty settlement amounts and P&L control estimates

Substantiation and resolution of Back office ledger vs. P&L systems cash breaks on a daily basis

Ensuring the pricing configuration complies with trading strategy and internal controls, collaboration with V&RC and Risk required to enforce consistency

Analysis, understanding and commentary on PnL using analytical tools

Working with front office and trade support part of the middle office to resolve operational and booking issues

Working with front office and market risk to finalize month end PnL validating Map and Reserves at the trading book level

  Collaboration with Risk to evaluate and explain cash and PV movements above established thresholds to facilitate risk reporting

Ensuring the MTD management P&Ls are consistent with the final end of month general ledger P&L

Monitoring the FX exposure of the group to analyze and report deviations from the mean

Lead new systems deployment which is not limited to being part of TAC/NAC, gathering requirements, testing UAT database, ensuring results match expectations and reporting impacts

Discussing and reviewing trading P&Ls with management

Qualifications:

Working knowledge of Equity Derivative products: Structured Products, Equity Swaps, Variance Swaps, Dispersion Swap…

Knowledge of financial markets with emphasis on Greek explanations

Degree in Engineering, Mathematics or Finance preferred. 

2 years of P&L experience preferred. Minimum 2 years of P&L, Product Control, Valuation or Risk experience required..

Strong Excel/PC skills with proven ability to work with multiple systems

Drive for continuous improvement of current processes is essential

Strong interpersonal and communication skills is a must

Ability to work in a fast paced environment and exposure to Front office / Trading Desks is essential

Ability to consistently meet or beat deadlines

Attention to detail and accuracy is imperative

Experience in the following is a plus:

Working knowledge of pricing, valuation, or hedging of derivatives

Working with pricing tools and updating pricing configurations

Project management experience deploying new systems and working with migrations

Automation of current processes utilizing VBA

Working with IT to deploy technology solution to reduce errors and save time

Knowledge of programming languages such as C, C , Java, Matlab, Python, VBA….

Company Profile
Hamlyn Williams provides Mid-Senior Level professionals ranging from Associate to Managing Director. Our clients are within the Professional Services and Financial Services: Corporate, Retail & Private Banking, Investment Management, Investment Banking and Hedge Funds. The key to Hamlyn Williams success on behalf of clients and candidates is our Vertical Market expertise and understanding on the duality of client-candidate relationships. The services offered are wide-ranging and comprehensive, designed to deliver success from the beginning of the recruitment process or career search, to a candidate’s commencement on a new project. Hamlyn Williams mission is to establish itself as Global Industry leader within Financial Services recruitment; synonymous with unparalleled quality, professionalism and execution.

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