Business Financial Control Product Associate- Equity Derivatives (CFO Group)
About The Position
This job is responsible for supporting business analysis for a Line of Business (LOB) by producing all financial reporting and disclosures in partnership with senior management, front office, and other business stakeholders. Key responsibilities include applying knowledge of product(s), processes, and inherent risks for a product, business or function to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, assist in production of regulatory matters analysis, and perform critical testing and calculations. The US Equity Derivatives Finance team in New York supports the Equity Derivatives Business within Global Markets. This business serves our corporate, financial, and individual investor customers by offering a wide variety of equity linked derivative products. You will be expected to collaborate with the desk and other business partners, impose structure on complex issues and focus on delivering solutions in line with the long term strategic goals of the bank. An emphasis will be placed on product knowledge as it relates to independent price testing of our derivative portfolio. More detailed characteristics you will be expected to display are described below.
Requirements
- 2+ years of equity derivative product control or similar experience
- Understanding of the Greeks
- Experience with complex derivative price testing
- Strong financial analytics experience
- Advanced experience/skills with Excel and complex spreadsheets
- Candidate must be able to work both independently and as team member
- Strong communication and presentation skills
- Strong problem solving and analytical abilities (Excel/Essbase)
Nice To Haves
- Bachelor Degree in Accounting/Finance
- CPA/CFA, or other advanced certification
- Experience with Bloomberg, or Hyperion/Essbase/SAP Insight/Essbase experience
- Control focused, analytical, team oriented, comfortable with complex products
Responsibilities
- Daily P&L & Balance Sheet Oversight
- Complex derivative price testing
- Production and/or review of official daily P&L explain and its provision for VaR backtesting
- Responsibility for daily management adjustments to P&L
- Daily P&L reporting to local and regional management
- Review of material new deals
- Review and approval of changes to valuation adjustments & reserves
- Appropriately manages and mitigates operational risk
- Supports with preparing and analyzing balance sheets and Profit and Loss (P&L) reports and validates postings and balances for a product aligned to a Line of Business (LOB) using knowledge of financial products, market risk profiles, and risk mitigation techniques and strategies
- Performs month-end close and financial reporting, critical testing and calculations, and periodic analysis
- Assists in the development of strategic and annual planning efforts and implementations and performs profitability analysis, forecasting, and financial reporting for a product or general ledger account type
- Partners closely with the front office, Operations, and Technology to support defining business finance processes and implementing related technology solutions
- Analyzes regulatory matters, such as the Comprehensive Capital Analysis and Review (CCAR) and Recovery and Resolutions Plans (RRP), to assess risk modeling practices within the bank.
Benefits
- Industry-leading benefits
- Access to paid time off
- Resources and support to our employees
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
