Specialist, U.S. Fixed-Income Product Control
About The Position
Under the direction of the Associate Director, Product Control, this role serves as the full-scope product controller for the U.S. Fixed Income businesses, including Primary Dealer, U.S. Money Markets, Securitized Products, High Yield, and Origination trading desks. The position is responsible for daily P&L and PAA reporting, full balance sheet and income statement line management, monthly analysis, and ad-hoc reporting. The role tracks products housed across multiple systems and works with desk personnel on daily issues. It has cross-functional dependencies across Global Middle Office, CM Finance, Risk, Tax, and other departments supporting the businesses. Peak periods include monthly reporting deadlines and other role-related deliverables. The position has access to financial systems, including general ledgers, sub-ledgers, and reporting systems. Standard working conditions are set by the bank.
Requirements
- Undergraduate degree in Accounting or Finance.
- Five to seven years of experience in the financial services industry.
- Strong knowledge of fixed-income products and the MBS market.
- Excellent computer skills and ability to learn systems quickly.
- Ability to manage multiple tasks and meet deadlines without compromising data integrity.
- Strong communication and relationship-building skills.
- Strong interpersonal and leadership skills.
- Strong customer service and client focus.
Nice To Haves
- CFA, CPA, Series 99, and/or Series 7.
- Prior experience with fixed-income products and/or risk-based P&L explain.
Responsibilities
- Oversee and review accurate daily P&L and PAA for U.S. Fixed Income trading desks and products, including MBS, Treasuries, Repos, Agencies, Corporates, IRS, Bond Futures, and CDX.
- Review daily fluctuations and bring significant changes to management’s attention.
- Oversee Front-Office to Back-Office reconciliations.
- Develop a working knowledge of trade flow from inception through the general ledger.
- Develop a thorough understanding of general ledgers and settlement systems.
- Ensure correct bookings in the general ledger and correct setup of new products in the P&L tracking process.
- Understand product-related balance sheet and income statement line items.
- Record, upload, reconcile, or coordinate general ledger postings for product-related activity, as appropriate.
- Prepare P&L and balance sheet reconciliations for month-end close.
- Coordinate with legal entity and regulatory accounting, Risk, Operations, and other support groups.
- Create and update monthly analysis of key business drivers.
- Prepare commentary and standard period-over-period analysis.
- Use AI to drive efficiencies and scalability across Product Control.
- Liaise with desk personnel on daily issues.
Benefits
- Health insurance
- Tuition reimbursement
- Accident and life insurance
- Retirement savings plans
- May include performance-based incentives, discretionary bonuses, and other perks and rewards
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What This Job Offers
Job Type
Full-time
Career Level
Senior
