Manager within the EMEA Rates Product Control team, responsible for oversight of EMEA Rates P&L and Balance Sheet reporting. Involves managing a team responsible for complex P&L, driving improvements to the control infrastructure, meeting external reporting requirements specific to the business, as well as providing add-value and forward thinking P&L and balance sheet analysis. Candidates will work closely with all other areas within the Product Control department, liaising with the trading desk, risk management and other areas within Finance.
Citi’s Rates trading desk is global, with the largest regional franchise based in London. The business operates as a leading market-maker in both cash and derivative interest-rate products. The desk offers client solutions using the full suite of interest-rate-based products including IRS, Repos, IRO, IR exotics, Note issuances and inflation. Product Control is primarily responsible for producing the daily revenue and balance sheet reporting for the desk, as well as numerous regular financial reports and analysis.
Manage Rates P&L and balance sheet control framework.Will include on-going communication with the Heads of the EMEA Rates and Finance Desk Trading Desk, explanation of P&L movements to management, profit attribution analysis, responsibility of position reconciliation’s, balance sheet analysis and control.Reviewing complex new trades, understanding associated risks and the P&L generated on them.Drive improvements to the control infrastructure.Participation in and supervision of desk level activities, including preparing the daily product specific business level revenues and commentary.Understand the Valuation Control process and its impact on the P&L.Understand the Fair Value Adjustment (FVA) process and its impact on the P&L.Ad-hoc projects that arise relating to further streamlining (or retirement) of existing systems or assisting in the implement in the introduction of new systems.
Experience in a supervisory/management role, within derivatives Product Control capacity, or in a relevant role that is product and accounting focused e.g. Risk Management, Price Verification, derivatives Audit.Evidence of strong control focus.Ability to interpret financial information.Ability to negotiate and strong people skills.Ability to put knowledge of financial principle into P&L and Profit Attribution analysis.Able to perform effectively within a time pressurised environment.