Assistant Vice President - Product Control - Commodities/Structured Products

Description:

- Understanding of the PnL Attribution and Accounting of the commodities products

- 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 /US CFA / FRM/MBA Finance

- Looking from Global Banks

- Primary products covered will include: Futures, Forwards, Options, Swaps (Commodities Underlying)

Responsibilities:

- Functionally manage the Gas & Power portfolio and deliveries.

- 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 p&l 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/ B. Tech from Tier I/II institute .

- Experience in Investment Banking Valuation/ Product Control function, preferably with experience in Commodities.

Certifications If Any:

- Advanced education and/or enhanced technical qualifications are a plus

- Ability to use Access or VBA would enhance the candidates attractiveness significantly

Experience Range:

- 8 to 10 years with at least 6 years experience in Global Markets Product Control role.

Foundational skills:

- Understanding of the Commodities markets & products

- Understanding of the PnL Attribution and Accounting of the Commodities products

- Global Markets experience in Finance

- Experience in dealing with pricing models, Trading systems, Ledgers and Sub-ledgers.

- Control focused, analytical, team oriented, comfortable with complex products

- Strong financial analytics experience

- Excellent organizational, communication, and relationship management skills

- Demonstrated ability to work in a high pressure environment

- Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage.

- Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels

- Must be proactive and be a highly-motivated self-starter. Reactive and/or passive individuals need not apply

Desired skills:

- Effective communication skills with English proficiency

- Advanced experience/skills with Excel and complex spreadsheets

- Able to work both independently and as team member

- Strong problem solving and analytical abilities (Excel/Essbase)

- Insight / Oracle / E ledger or equivalent experience preferred

- Takes initiative and challenges existing processes and procedures in a proactive manner

- Ability to analyze issues independently and derive solutions