Spread Markets includes Global Credit Trading, Global Securitized Products, Public Finance, and Fixed Income Financing
Global Securitized Products
Securitization is a structured finance process, which involves pooling and repackaging of cash:flow producing financial assets into securities that are then sold to investors. All assets can be securitized so long as they are associated with cash flow.
The Product Controller is primarily responsible for the P and L, Risk management and control of both the standard and non:standard elements of the businesses. Products include but are not limited to;
Derivatives
Fixed Income
Equity
Futures and Options
ABS/Conduits
Supply Chain Financing
Structured Investments
Letters of Credits
Secured and Unsecured Financing
Leveraged Loans
Repos
ETFs
The key responsibilities of the P and L and Risk team are:
Production, preparation and reporting of the daily P and L and risk management information
Understand, produce and explain daily P and L into constituent risk components; investigating any issues as needed
Review with 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, FVP 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 and 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 finance.
Qualifications: Bachelor's degree; finance, accounting, statistics, or economics is a plus
Minimum 1 year of relevant experience
Experiencing managing others and/or projects, in either a direct or indirect manner
Derivatives or Securities experience including clear understanding of Greeks analysis. Equity Derivatives experience preferable
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 and L or risk within a derivatives or fixed income securities environment preferable
Proven track record of delivering high quality results within tight deadlines; ability to manage multiple priorities
Strong analytical, problem solving, and process re:engineering skills
Investigative mind:set, able to see issues at both a high level and in detail
Excellent verbal and written communication skills, experience with creating documentation
Energetic self:starter who takes ownership
Strong team player, comfortable working with all levels of the organization
Strong technical skills in using Excel and PowerPoint
Interest and ability to work in a fast:paced and dynamic environment
Advantageous:
Accounting / Control experience: a professional accounting qualification, e.g. ACA, CIMA
CFA charter holder
