Roles & Responsibilities
The key responsibilities of the P&L team are :
Production, preparation and reporting of the daily P&L and risk management information
Understand, produce and explain daily P&L into constituent risk components; investigating any issues as needed
Review with Front Office (FO) to obtain sign-off and for any ad hoc requests and queries. First point of contact for FO.
Additional liaison with other middle office areas, back office, valuation controller team and technology development groups and point of contact for all downstream issues (e.
g. Collateral, Credit, Settlements)
Liaison with accounting control group to help investigate any issues around daily monitoring and review of the general ledger to reported P&L and month-end reporting and substantiation
Manage projects and initiatives related to all of the above as well as larger cross-business programmes
Be an active part of the team, coming up with ideas and suggestions for improvements etc.
The two most important characteristics required are the potential to succeed and an active interest in PNL, risk and the credit products.
Skills required / To be developed
Minimum of 2 years of previous experience within the Derivative P&L or Risk functions, and a minimum of 5 years total working experience.
Fixed Income and Derivatives experience in P&L Control or Risk including clear understanding of Greeks analysis.
Strong interpersonal / communication skills ability to relay information in a concise and understanding manner
Professional attitude, strong team player and personable / approachable manner
Strong attention to detail and ability to work effectively to tight deadlines
Analytical and logical manner; good at problem solving and devising solutions
Previous P&L or risk within a derivatives or fixed income securities environment
Minimum of a Bachelors degree or equivalent, preferably in Accounting
Accounting / Control experience- a professional accounting qualification, e.g. ACA, CIMA