Assistant Manager

Global Markets Business Finance & Control (BF&C) is a division of Global Banking & Markets (GBAM) Finance responsible for the production and independent validation of Global Markets' profit and loss and balance sheet. In this regard, BF&C will ensure, inter alia, that accounting policies are correctly and consistently applied, and that trading portfolios are appropriately valued.
The desk is responsible for preparing and reporting of P&L and balance sheet to the business and ensures the accuracy and integrity of the general ledger. The desk is responsible for daily service delivery and ensuring effective controls, transparent management information and becoming a center of excellence delivering process simplification and efficiencies. The desk will work closely with front office, middle office, traders and valuation control teams to drive the control agenda across the business.

Global Markets Business Finance & Control (BF&C) seeks to provide a first-class support service with particular focus on the relationship between trading risk positions and P&L components. We are looking to recruit an individual to work in the Financial Control and Financial Management function covering the Rates Non-Linear trading desks. The candidates main responsibility will be to produce and deliver the daily P&L to front office, providing a high standard of analysis and explanation around any issues faced and daily revenue drivers. The candidate will therefore have considerable interaction with the respective Front Office, Middle Office, and Finance and Trade Capture teams so good communication and time management skills are an essential requirement for this job.

Primary products covered will include: Structured Rates and Fx products
Responsibilities
Performing production and reporting of daily P&L to Front Office & Senior Management.
Reconcile actual P&L with trader estimates and provide flash/actual variance analysis.
Working closely with the trading desks on position, P&L or other issues on an ad-hoc basis.
Front-to-Back analysis & reconciliations of front office p&l and balance sheet to firm sub-ledgers,
Assist with execution of month-end controls ensuring management vs financial P&L variances are within thresholds
Analyze traders risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves.
Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries.
Development & continuous improvement of existing processes & workflow.
Testing / UAT for systems work ranging from minor system releases to major system implementations.
Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk.

Requirements
Education
Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute with at least 3 yrs. Experience in Investment Banking Valuation/ Product Control function, preferably with experience in Rates/ Fx products.

Certifications If Any
Advanced education and/or enhanced technical qualifications are a plus
Ability to use Access or VBA would enhance the candidates attractiveness significantly

Experience Range