Equities Product Control Analyst

New York City
Posted 2 weeks ago

Equities Product Control Analyst

Contract – 1 Year

Midtown NYC 

Local Candidates Only


Job Description:  Product control department is looking for a consultant to oversee the near shore team supporting the North America Core Prime Brokerage and Client Derivatives businesses. Company’s Prime Brokerage is a leading provider of clearing and custody, financing, securities lending, client technology and customized reporting services to hedge fund clients and asset owners globally. The candidate will support the following businesses:

  • Equity Prime Brokerage/Finance
  • Structured Notes
  • OTC Derivative
  • Cash Equities

This role manages has oversight functions over near-shore team supporting above mentioned businesses and provides all relevant reporting and analysis of financial metrics (P&L, Attribution, Various control functions, etc.) to the business and Finance management.

Daily responsibilities will include:

  • A good understanding of the equity business and functions related to product control which includes understanding of the P&L process, P&L explain process and performing various controls.
  • Provide value-add analysis to business/client and Senior Finance management on weekly/monthly/quarterly basis.
  • Provide meaningful commentary on the P&L drivers on a daily basis. Explain the attributes of the daily profit & loss (P&L) based on underlying risk components
  • Partner with various support groups to help facilitate the daily BAU process. Act as a liaison between Finance and Front Office to analyze the accuracy of trade / position valuations.
  • Take full ownership of the daily P&L process and perform oversight function for near-shore team.
  • Be able to Research and resolve P&L discrepancies between Front Office and Finance which will include working with Operations, the Trading Desk, IT, Financial Reporting, and Market Risk Control.
  • Perform daily due diligence for new trades and explain any difference between estimates vs actual P&L.

Month End responsibilities will include:

  • Assist in tie-out to General Ledger and deliver final month end P&L briefing reports.
  • Monthly Commentary.

Project and Other Responsibilities:

  • Document and maintain our Groups’ policies and procedures.
  • Preparation of P&L reports and analysis.  Examples include business review and ad hoc requests from the Front Office.
  • Attend to internal/external audit and regulatory inquiries.
  • Sponsor and help with delivery of strategic change projects and its implementation.

Skills & Qualifications:

  • Strong Excel skills required.
  • Strong analytical skills required and ability to multitask.
  • Ability to build relationships and partner with staff at all levels, including senior management.
  • Must have good communication and writing skills. Self-starter and highly motivated.
  • Sophis knowledge is a nice to have, if Sophis knowledge exists should know the system and understand how the system works for calculating P&L and Attribution.




Job Features

Job CategoryBanking & Finance, Finance

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