P&L Product Control Analyst

Purpose of the role:

Our investment banking client has been present in the UK for more than 150 years, they're a long-term partner to British business. Today, the Group is formed of 10 divisions and employs 9,300 staff based in 21 core locations right across the country. Their role is simply stated: help clients achieve their goals by combining local know-how and global reach. In so doing, they seek to make a positive, sustainable contribution to both the UK economy and society.
On behalf of this organisation, AMS are looking for a P&L Product Control Analystfor an initial 6-month contract based in London. This is a rolling contract and is likely to extend past 2 years and possibly result in a permanent position. You will be required to be fully office based for a few weeks and can work from home 50/50 after the initial settling in period.

The Primary & Credit Markets P&L team, as part of the Global markets Product Control, provides a full and dedicated support to bank's trading presence in London, New York and Hong Kong.

The role will encompass daily P&L responsibilities and the successful candidate will need to fully understand and explain the key P&L drivers.

The Flow Credit trading desk aims to satisfy client needs and provide liquidity in the bond and CDS market across investment grade and high yield names. The PS&F business provides Financing (Repo), Derivatives Execution & Client and Prime brokerage to corporate and institutional clients.

Responsibilities of the role:

• The preparation, and full explanation of, daily and monthly management revenues for the Flow Credit and Primary Markets activity and their reconciliation with the estimates of the traders and with the financial accounts.
• Producing daily P&L based on the middle office official P&L systems.
• Reconciling P&L to Front office estimates.
• Producing daily stepped reval and risk-based P&L explanations.
• Analysing, understanding and writing commentary on P&L using analytical tools such as Excel and VBA.
• Close liaison with the trading floor to ensure the timely and efficient resolution of trader queries.

What we require from the candidate:

• P&L Product control experience or trading floor support experience.
• Good knowledge of credit products within fixed income, specifically a strong understanding of Bonds and CDS, Repo, Swaps, Index trades and / or TRS.
• The successful candidate will need to demonstrate strong desire to learn the processes and products if work experience in this field is minimal.
• Drive and ambition and a yearning to work within P&L Product Control.
  Degree in a relevant subject is ideal but not essential.
  

Next steps:

If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and we will contact you with an update in due course.
This client will only accept workers operating via an Umbrella or PAYE engagement model.
AMS, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business.

med to operate as an Employment Agency or an Employment Business.