Associate Director, Product Control – Risk Management Group (London)

Job Description

Job Description What is the opportunity? We are offering an exciting opportunity to join our London Product Control team, where you will play a key role in providing financial reporting and support to the Front Office desk (Risk Management Group). This desk is responsible for funding/collateral related valuation adjustments for derivative trades. If you are looking for a challenging and rewarding role in a fast-paced environment, this position provides an excellent platform to develop your expertise and make a meaningful impact within the organisation. Should you be shortlisted, do please let us know if you have any specific requirements for the interview. This is a permanent, full-time role and requires 4 days in the office at our 10 Fenchurch Avenue, London Office. What will you do? Daily supervision of reporting by members of the team, and daily production of daily desk P&L including commentaries. To provide an effective link between Front Office (FO), & Financial Control, requiring detailed product knowledge, so that any disagreements in daily P L are resolved on a timely basis & ultimate P L agreement with FO is achieved, evidenced & logged. To ensure integrity of the banks books & records via reconciliation and attestation. To assist with higher level month end reporting tasks; to include creation and review of adjustments, ledger reconciliations and attestation and the production of adequate audit trail. To provide key leadership and input into designing, testing and delivering the major infrastructural changes for this business. Involvement in key change management projects to deliver improvements to our daily processes. Ensuring adequate documentation exists to support existing processes, enabling effective X-training and cover. Reporting of consolidated results to senior management including appropriate valuation adjustments. To assess areas of procedural and control weakness with a view to implement solutions through a combination of re-design, procedural improvement and technology advancements. Facilitate adherence to and substantiation of the Regulatory and Audit requirements within Capital Markets. What do you need to succeed? Must-have Demonstrable and relevant Product Control experience (ideally in Interest Rate Derivatives products) gained within a banking/trading environment. Required recognised Accounting qualification expected, but exceptional candidates may qualify with relevant experience. Strong product accounting skills with solid awareness of management and HO accounting processes and financial, statutory and regulatory reporting issues. Strong intellect, energetic and self-motivating, a people manager with a team player ethos, innovative, capable of multi-tasking, tactful, reliable. Creates solutions which are well designed and logical; have near optimum efficiency/levels of automation, with a keen focus on quality and timely delivery. Excellent communication skills especially with Front Office members. Assumes high leve

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