Product Control - Fixed Income, Currencies and Commodities (Relocation available)

  • $HK 55,000 - 65,000
  • Hong Kong Hong Kong Hong Kong HK
  • Permanent, Full time
  • Eames Consulting Hong Kong , EA Licence No: 16S8091
  • 20 Jul 18 2018-07-20

My client is one of the worlds largest bulge bracket investment banks.

Duties & responsibilities:

  • Detailed P&L decomposition including escalation of material unexplained variances
  • Provide explanations for significant P&L drivers e.g. market changes, new deals, book remarks, reserves etc.
  • Complete daily reconciliation of estimate to actual, and ensure reporting website is updated with explanations for all material differences
  • Complete month-end financial legal close, P&L and balance sheet as well as management close
  • Produce daily balance sheet estimates, ensure accurate and timely reporting including analytical review on significant movements and balances
  • Decomposition of balance sheet for the business, identifying opportunities to reduce adjusted assets
  • Complete month-end balance sheet reporting by internal deadlines, explaining movements or variances between estimates and final results
  • Ensure all balance sheet accounts are reconciled, escalating variances.
  • Ensure all reserve balances and valuation adjustments are reconciled and appropriately authorized
  • Ensure validity of allocated/attributed balances as well as internal funding charge
  • Leading role in driving team projects, including automation and process enhancement;
  • Ensure all front to back breaks are understood, and escalated in accordance with standards
  • Ensuring a minimum of manual, stand alone processes are maintained. Where tactically used, ensuring a strategic solution is being sought.
  • Accurate analysis and recording of operational loss events;
  • Involvement in completion of New Product Review documentation for new businesses / products proposed by your trading desk, and the implementation of systems and process changes / improvements that are required
  • Perform independent price testing
  • Calculate/validate valuation adjustments and reserves
  • Working with the business and Global Valuation Group on valuation related issues
  • Monitor and analyze material reserve movement
  • Development and production of Financial Reporting for business reviews
  • Regular independent price review meeting, escalating issues, and tracking closure

Background:

  • At least 5 years control experience with excellent knowledge of fixed income, currencies & commodity products