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EMEA Rates Product Control - Associate

Aumni

Aumni

Product
London, UK
Posted on Monday, August 12, 2024

Job Description

Become an integral part of our team! Each day will be unique – bring a positive attitude, entrepreneurial spirit and get ready to roll up your sleeves. This position is an essential part of the team and will have exposure to several aspects of innovation in banking environment!

As a EMEA Rates Product Controller you will have extensive interaction with the Front Office trading desk, Market Risk and wider support functions team and will be required to have strong communication skills, be self-motivated and able to work independently without material supervision. The role entails independent, accurate and timely analysis of daily P&L and Risk for the Exotics Rates trading desk. The role also provides an excellent opportunity to learn and gain an in-depth understanding of Interest Rate trading strategies and risk management techniques via exposure to one of the highest ranked Rates trading desk in Europe. The Exotic Rates business trades a wide range of interest rate products such as Yield Curve Spread Options, CMS, Bermudans, Digis alongside vanilla products such as Swaptions, Interest Rate swaps and XCCY swaps across various curves and tenors within multiple European markets.

Job Responsibilities

  • Reviewing and reporting of P&L and Risk daily
  • Validating and understanding daily P&L explains, entailing review of Volcker attributions, first order & higher order explains and residual amounts.
  • Identifying, designing and implementing new controls and processes around the P&L production to drive efficiencies and to keep up to date with Global Product Control standards
  • Participating in a wide range of on-going and new projects ensuring the needs and requirements of Product Control are met
  • Providing daily/weekly/monthly P&L commentaries to senior management, explaining P&L in terms of desk's risk position, strategy and economic factors
  • Liaising with Financial Control to investigate and remedy cash flow breaks and review of the FX balances
  • Partner with the business to drive forth and implement robust controls and new business initiatives
  • Drive coordination across various front & back office support functions to ensure resolution of control and reporting issues in an accurate and timely manner

Required Qualifications, Skills and Capabilities

  • Work experience within Product Control, Financial Control, Accounting, or related area
  • Bachelor’s degree in Accounting, Finance, Business or related area