Director, Product Control
Taurus Search, Jersey City, NJ, United States
My client, a Leading Investment Bank is looking for an experienced finance professional to join the Product Control team responsible for daily P&L validation, attribution, reporting, price testing and other ad hoc analytical functions. The successful candidate will be involved in internal controls, process efficiency, and finance transformation projects. The candidate will also document department-level policies and procedures and manage the EUC (End User Computing) control process for critical spreadsheets.
About the Role
Manage the processes around daily P&L validation, explanation, and reporting for interest rate and XVA desks. Actively engage in the enhancement of the independent price verification framework for rates derivatives products and xVA. Lead creation/automation of templates and enhancing the controls around P&L reporting.
Responsibilities
- Manage the processes around daily P&L validation, explanation, and reporting for interest rate and XVA desks.
- Actively engage in the enhancement of the independent price verification framework for rates derivatives products and xVA.
- Lead creation/automation of templates and enhancing the controls around P&L reporting.
- Assist with transformation efforts to modernize the company's financial infrastructure.
- Monitor trading activity for ad-hoc valuations and trade reserves and work with partners to ensure accuracy of financial statements.
- Document new policies and procedures.
- Review and manage Volcker Reporting requirements.
Qualifications
- Bachelor’s degree in accounting or finance or equivalent field of study.
- CPA, CFA, or FRM is a plus.
- 10+ years of combined experience in financial services audit or capital markets advisory or fixed income product control.
- Derivatives experience required. Experience in Rates business or xVA is an advantage.
- Working knowledge of product control processes, trade lifecycle, and proper internal controls framework within capital markets fixed income or advisory.
- Knowledge of derivatives and other financial instruments per US GAAP.
- Leadership skills with proven ability to mentor and train junior staff.
- Proficiency in Excel, including working knowledge of advanced functions.
- Ability to work with big data and understand system architecture.