About the position
The Securitized Products Group (SPG), part of Markets within Corporate & Investment Bank, actively engages in acquiring or originating, warehousing, and securitizing consumer and other financial assets. It makes markets in existing securitized financial assets, provides financing for these assets to clients, underwrites securitizations for third parties, and structures and trades in derivative products linked to securitized products. As a Securitized Products Group Product Control Analyst within the Securitized Products Group, you will join a multi-regional staff responsible for the activities listed below. Specifically, this Product Control team covers a variety of SPG businesses including ABS Trading, Non-Agency RMBS Trading, Mortgage Finance (lending), and several whole loan mortgage businesses, as well as several derivatives desks.
Responsibilities
- Produce, prepare and report on the daily P&L and risk to various stakeholders, including senior CIB and senior Trading personnel.
- Understand, produce and explain daily P&L into constituent risk components; investigating any issues as needed.
- Review with FO to obtain sign-off of P&L and risk, and address any ad hoc requests and queries.
- Serve as first point of contact for FO for all financial and performance information.
- Coordinate month-end closing of books, ensuring accurate and reconciled balance sheet, income statement, and other financial statements.
- Liaise with middle office areas, back office, VCG and technology development groups as appropriate.
- Work with various stakeholders to support new business activities, including ensuring proper accounting, system flow, downstream reporting, etc.
- Work with Market Risk Coverage to report, validate and reconcile key risk metrics in various reports including limits and daily reporting packs.
- Manage projects and initiatives related to all of the above as well as larger cross-business programs as required.
Requirements
- Strong understanding of Securitized Products in their various forms (Loans, Securities, and Derivatives)
- Strong analytical, problem-solving abilities and detail oriented
- Good written and verbal communication skills
- Ability to multitask and prioritize effectively
Nice-to-haves
- Accounting / Control experience- a professional accounting qualification, e.g. CPA, ACA, CIMA
- CFA charter holder
