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CIB Finance & Business Management – Associate – EMEA Cash Equities Product Control – London

Job Description

CIB Finance & Business Management – Associate – EMEA Cash Equities Product Control – Based London

 

The EMEA Equities business is split into several core businesses.

 

  • Delta One – Main activities include Index Forward Trading, ETF market making and providing performance to clients through Swaps.
  • Flow – Predominantly a Options market making business offering various Options based solutions to clients
  • Exotics – Providing complex structures and products to meet client’s needs.
  • Hedge Funds - Providing Hedge Fund performance to clients through various products.
  • Corporates – Predominantly offers clients bespoke Equity based financing structures and products.
  • Converts – Predominantly a Convertible Bond market making desk, with CDS and Interest Rate hedging.
  • Cash – Main activities are Agency and Risk trading for clients, predominantly a commission based business.

 

The role will be within the EMEA Equities Product Control team supporting the Cash Equities business.

 

The primary function is reporting the daily P&L to traders and senior management. In addition to the production of the daily P&L, the role will include the Financial and Control elements, as well as working on projects within the Product Control space. The role requires extensive interaction with FO traders, Financial Control and Operations, as well as exposure to Market Risk and Project teams, and various other functions through out the bank.

 

The EMEA Equities Risk Product Control team serves as the Equities face to corporate Market Risk Management globally. The team functions as a reporting and control unit for the market risk generated by the Equities business, in which the products include cash equities, equity derivatives, convertibles, and some credit & commodity products. In this role, there is daily interaction with the front office and market risk functions.

The primary responsibilities of the Control team are:

 

  • Substantiating and reporting by both revenue type and greeks the reported P&L on a daily basis, adjusting price and position breaks where appropriate.
  • Various P&L reconciliations
  • Substantiation of exceptions between Balance sheet / GL and Front Office systems.
  • Month end FX trade in/out management
  • Involvement in projects and process improvements related to P&L and risk reporting, new initiatives and systems.
  • Provide accurate and timely equities portfolios market risk analysis
  • Generate risk reports and investigate risk reporting related queries

 

There will be additional responsibilities in the role supporting the South African Equities Trading business. Key responsibilities will involve:

 

 

Participating in projects relating to the processing, accounting and reporting of new products and activities, working in conjunction with the LOB Business controllers and Delaware Financial controllers

Automating and streamlining of manual processes where necessary to improve Profit and loss reporting efficiencies

Assisting in the month-end close process, including the investigation and resolution of inter-entity breaks, preparation of the month end reconciliation of Profit and loss to the general ledger, and ensuring that all related reporting requirements are met

Involvement in various local forums and interaction with both internal and external audit, tax and other key stakeholders in the Johannesburg location.

 

The role will require front to back view of control agenda and the candidate will have oversight of month-end reconciliations performed by Financial Control hub, and production of month-end MIS reporting for senior management.

 

The specific experience necessary for this position is:

 

  • Cash Equities knowledge. Knowledge of the South Africa Equities market would be particularly advantageous. 
  • Good accounting knowledge; expected to be qualified/part-qualified or studying for relevant qualification (ACCA/CIMA/CPA).
  • Significant relevant financial services experience.
  • Exposure and understanding of the General Ledger including month-end close reconciliations.
  • Proactive approach to problem solving and ability to identify and drive though change
  • Strong analytical skills and attention to detail including a strong control focus
  • Excellent communication skills and ability to develop strong working relationships
  • Intermediate Excel skills as a minimum
Req #: 160038285
Location: London, ENG GB
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: Pound Sterling (GBP)

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