Manhattan, NY, USA
Contract, Full time
09 Jan 18
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.
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
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….
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.