Credit Trading Product Control Senior Associate

About the position

Join this fast-paced team as a Vice President with a focus on Credit Trading Product Control. As a Credit Trading Product Control Senior Associate within our financial product control team, you will join our fast-paced team, focusing on Credit Trading Product Control. In this role, you will play a critical part in supporting our fast-paced trading desk, ensuring the accuracy and integrity of our Profit & Loss (P&L) statements, balance sheets, and month-end close procedures. This position offers a unique opportunity to drive and implement robust controls, spearhead new business initiatives, and collaborate across various front and back-office support functions.

Responsibilities

• Assist in the preparation and analysis of daily P&L reports and manage month-end close processes to ensure financial accuracy and compliance.
• Provide comprehensive analysis and reporting on financials to desk heads, business managers, and senior finance management, offering insights and recommendations.
• Partner with the business to develop and implement strong controls and support new business initiatives, enhancing operational efficiency and risk management.
• Collaborate with various front and back-office support functions to resolve control and reporting issues promptly and accurately.
• Serve as a key analytical and project support resource within the product control team, contributing to strategic projects and process improvements.
• Manage and respond to various ad-hoc requests, demonstrating flexibility and problem-solving skills.
• Engage in daily interactions with the trading desk to provide real-time support and insights, ensuring alignment and effective communication between product control and trading operations.
• Gain detailed and comprehensive knowledge of credit products, including bonds, credit derivatives, structured products, CLOs, and correlation products, along with a deep understanding of their valuation, enhancing your expertise and ability to support the trading desk effectively.
• Work closely with the Accounting Policy team to ensure that the accounting of products and financials is compliant with US GAAP standards, maintaining the integrity and accuracy of financial reporting.
• Develop a comprehensive understanding of risk management principles and the Greeks (Delta, Gamma, Theta, Vega, and Rho) to effectively monitor and report on the risk profile of credit products.

Requirements

• 4+ years of experience in Product Control, Financial Control, Accounting, or a related field within a financial institution, with a proven track record of managing P&L and month-end close processes.
• Bachelor’s degree in Accounting, Finance, Business, or a related area.
• Strong proficiency in financial software and tools, including Excel, Power Point, Alteryx.
• Exceptional analytical skills with a keen attention to detail and a strong focus on control.
• Ability to interpret complex financial data and provide actionable insights.
• Solid understanding of risk management principles and product valuation techniques, including the ability to apply the Greeks in assessing risk profiles.
• Excellent verbal and written communication skills, with the ability to articulate complex financial concepts to diverse audiences and build strong working relationships across departments.
• Demonstrated ability to manage multiple tasks, prioritize effectively, and solve problems in a fast-paced environment.
• Proven ability to work collaboratively within a team and across various functions, fostering a culture of cooperation and continuous improvement.

Nice-to-haves

• A solid understanding of financial products is advantageous, enhancing your ability to support trading desks effectively.
• Advanced degrees or professional certifications such as CPA, CFA, or ACCA.
• Experience with data analysis tools and techniques.