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Equity Derivatives Product Control VP
Ref No.: 17-03872
Location: New York, New York
Position Type:Full Time
Pay Rate : $ 130,000.00 - 165,000.00 /Year
Job Overview:
This role supports the Equity Derivatives trading desk and requires a fundamental understanding of Equity Options, Futures and Swaps.  The ideal Product Controller will be highly attentive to detail and risk, while upholding the importance of a strong control environment. General responsibilities include:
Daily P&L Reporting, Flash to Actual analysis, Front-to-Back reconciliations, P&L Commentary, verification of manual adjustments, and Balance Sheet Attestation
Close interaction with the trading desk, Treasury, Middle Office/Ops, IT, Market Risk, Financial Reporting, Regulatory and IPV teams
Input into the development of various tactical and strategic process improvements projects, as well as testing and implementation of the end state
Daily Responsibilities include:
P&L review including: FOBO reconciliations, Flash to Actual explanations and Attribution analysis
Understanding daily summary of funding charges, including day-over-day variance analysis
Interaction with Trading, Operations and Treasury to resolve booking, valuation and financial resource usage related issues
Understanding and motivation to resolve all manual adjustments
Providing daily/weekly/monthly/quarterly P&L and market commentary
Managing junior team members both onshore and offshore
Deal review analysis and return calculations as well as review of deal reviews performed by offshore team
Ensuring proper controls are in place as measured by KRI metrics
Monthly Responsibilities include:
Closing of the firm's books and records, including required manual journal entries and Balance Sheet substantiation
Reconciliation of monthly FO P&L to General ledger
Completion of various financial reporting schedules
Competency requirements:
At least 8-10 years of Equities focused Product Control experience
BS in Finance, Economics or Accounting
Ability to multitask in a fast paced, results oriented environment
Strong verbal and written communication skills
Strong Excel and Access skills. Fluency in VB a plus
Team player, proactive, self-starter, who can be dynamic and detailed oriented
Third Party Applications Not Accepted