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Sr. Business Finance Control Product Associate-Global Banking & Markets- Global Rates

In United States

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Sr. Business Finance Control Product Associate-Global Banking & Markets- Global Rates   

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JOB TITLE:

Sr. Business Finance Control Product Associate-Global Banking & Markets- Global Rates

JOB TYPE:

JOB SKILLS:

JOB LOCATION:

New York, NY United States

JOB DESCRIPTION:

Client commitment to Diversity and Inclusion statement

We're a culture that:

• Believes in responsible growth and has a proven dedication to supporting the communities we serve.
• Provides continuous training and developmental opportunities to help people achieve their goals, whatever their background or experience.
• Believes diversity makes us stronger, so we can reflect, connect to and meet the diverse needs of our clients and customers around the world.
• Is committed to advancing our tools, technology and ways of working. We always put our clients first to meet their evolving needs

The Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company. This includes accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments and tax

Global Banking and Markets Finance strives to be a valued business partner to the company's trading, corporate and institutional banking businesses. Our first priority is to operate a series of key control processes to ensure the integrity of GBAM's financial results. Then we build on these activities to offer performance insight to business leaders. The assets of Finance are its people.

Business Finance Officers/Control (BFO/BFC) Partners directly with our Front Office LOBs providing strategic guidance and insight; Performs the product control function to ensure the integrity of our financial results.

Team / Overview:

The AMRS Rates Team in New York supports the Interest Rates Business. This business serves our corporate, financial, and individual investor customers by offering a wide variety of interest rate products. The Non-Linear Rates desk consists of a US Volatility Trading Desk, an Inflation Desk and a Structured Notes Desk. These desks provide clients access to various derivatives options and structured products for enhanced yield/capital growth performance through higher risk structured transactions in either OTC contracts or securitized products.

.

Key Responsibilities:

  • Perform Independent Price Verification of vanilla and complex financial instruments
  • Substantiate the official daily P&L explain and its provision for VaR backtesting. Oversight of trader T0 flashes and estimate to official T+1 P&L variances as business unit level.
  • Preparation monthly & quarterly revenue commentary to senior manager and regulator
  • Review of material new deals
  • Review of changes to daily balance sheet & substantiation to transactional activity.
  • Daily interaction with the Front Desk Trading desk and collaboration with other support teams
  • Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting.
  • Month end close, including Financial Disclosures and calculation and recording of netting entries
  • Quarterly fair value disclosure

Required Skills:

  • BS/BA Degree (Finance, Accounting preferred)
  • Control focus, strong financial analytics experience, comfortable with complex products
  • Strong communication and presentation skills
  • Good business partnering skills

Desired Skills:

  • 5+ years of professional work experience within the financial services industry
  • Advanced experience skills with Excel and complex spreadsheets
  • Fixed income or derivative experience preferred

 

 

Position Details

POSTED:

Jan 17, 2023

EMPLOYMENT:

INDUSTRY:

SNAPRECRUIT ID:

S166199050210010965

LOCATION:

United States

CITY:

New York, NY

Job Origin:

OORWIN_ORGANIC_FEED

A job sourcing event
In Dallas Fort Worth
Aug 19, 2017 9am-6pm
All job seekers welcome!

Sr. Business Finance Control Product Associate-Global Banking & Markets- Global Rates    Apply

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<div> <p><b>Client commitment to Diversity and Inclusion statement</b></p> <p>We're a culture that:</p> <p>• Believes in responsible growth and has a proven dedication to supporting the communities we serve.<br /> • Provides continuous training and developmental opportunities to help people achieve their goals, whatever their background or experience.<br /> • Believes diversity makes us stronger, so we can reflect, connect to and meet the diverse needs of our clients and customers around the world.<br /> • Is committed to advancing our tools, technology and ways of working. We always put our clients first to meet their evolving needs<br /> </p> <p><u>The Chief Financial Officer (CFO) Group </u>is responsible for the overall financial management of our company. This includes accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments and tax</p> <p><u>Global Banking and Markets Finance </u>strives to be a valued business partner to the company's trading, corporate and institutional banking businesses. Our first priority is to operate a series of key control processes to ensure the integrity of GBAM's financial results. Then we build on these activities to offer performance insight to business leaders. The assets of Finance are its people.</p> <p><u>Business Finance Officers/Control (BFO/BFC)</u> Partners directly with our Front Office LOBs providing strategic guidance and insight; Performs the product control function to ensure the integrity of our financial results.</p> <p><u><span>Team / Overview</span></u>:</p> <p>The AMRS Rates Team in New York supports the Interest Rates Business. This business serves our corporate, financial, and individual investor customers by offering a wide variety of interest rate <span>products. </span> The <span>Non-Linear Rates</span> desk consists of a US Volatility Trading Desk, an Inflation Desk and a Structured Notes Desk. These desks provide clients access to various derivatives options and structured products for enhanced yield/capital growth performance through higher risk structured transactions in either OTC contracts or securitized products.</p> <p>.</p> <p><b><span>Key Responsibilities:</span></b></p> <ul> <li>Perform Independent Price Verification of vanilla and complex financial instruments</li> <li>Substantiate the official daily P&L explain and its provision for VaR backtesting. Oversight of trader T0 flashes and estimate to official T+1 P&L variances as business unit level.</li> <li>Preparation monthly & quarterly revenue commentary to senior manager and regulator</li> <li>Review of material new deals</li> <li>Review of changes to daily balance sheet & substantiation to transactional activity.</li> <li>Daily interaction with the Front Desk Trading desk and collaboration with other support teams</li> <li>Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting.</li> <li>Month end close, including Financial Disclosures and calculation and recording of netting entries</li> <li>Quarterly fair value disclosure</li> </ul> <p><b><span>Required Skills:</span></b></p> <ul> <li>BS/BA Degree (Finance, Accounting preferred)</li> <li>Control focus, strong financial analytics experience, comfortable with complex products</li> <li>Strong communication and presentation skills</li> <li>Good business partnering skills</li> </ul> <p><b><span>Desired Skills:</span></b></p> <ul> <li>5+ years of professional work experience within the financial services industry</li> <li>Advanced experience skills with Excel and complex spreadsheets</li> <li>Fixed income or derivative experience preferred</li> </ul> <p> </p> <p> </p> </div>


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