Overview
Manager – Product Control – Daily P&L
Job Description:
Looking from Investment Banks Only
– Good understanding of financial markets, daily PNL attributions
– Supervise Reconciliation of actual P&L with trader estimates and review flash/actual variance analysis
– Analyze traders’ risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves
– Education: Qualified Chartered Accountant/CPA /CFA / FRM/MBA Finance Excel/macros/VBA
Responsibilities:
– 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 PnL 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 Certifications If Any
– CFA / FRM certified candidates would be preferred
– Advanced education and/or enhanced technical qualifications are a plus
– Ability to use Access or VBA would enhance the candidate’s attractiveness significantly
Experience Range: 4 to 7 years
Foundational skills:
– Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage.
– The right individual will have strong people skills and can multi-task to manage the challenges of Finance processes yet have the awareness to escalate potential issues to their supervisor in a timely manner
– Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels
– Candidate must have a good understanding of Derivative products as well as good accounting skills.
Desired skills:
– Alteryx / Python / Tableau knowledge would be an added advantage
– Must be proactive and be a highly motivated self-starter
– Effective communication skills with English proficiency
– Demonstrated ability to work in a high-pressure environment
– Takes initiative and challenges existing processes and procedures in a proactive manner
– Strong team player
– Ability to analyze issues independently and derive solutions
– Analytical skills
– Inherent sense of principles of control through experience and sound judgment
– Reliability
Work Timings:
12:00 PM to 09:00 PM