Product Controller

New York, NY

Responsibilities

 

  • Develop and perform a comprehensive PL explanation for all trading strategies within The Firm;
  • Build and enhance a robust valuation price testing framework across all products that The Firm trades;
  • Collaborate with Investment Operations, Treasury and Finance teams to ensure cash balances and non-trading fees are properly reflected within its trade management/ ledger system; and
  • Work closely with Investment Operations, Finance and Technology teams to onboard a new trade management/ledger system.
  • Ensure accuracy in client’s valuations by examining inputs such as yield curves, credit curves, volatility surfaces and verifying pricing data;
  • Provide independent verification of the final values used for the production of the NAV, ensure the accuracy of the reconciliation reporting provided to clients;
  • Perform data checks such as yield curve construction and compare the rates against a benchmark such as Bloomberg, JPM Direct and ivol;
  • Verify that yield curves, credit curves, and volatility surfaces are properly mapped to ensure correct valuations are produced;
  • Keep constant communication with trade support and fund accounting groups to ensure trades are properly booked and accurate valuation is reported in the P&L;
  • Experience in generating daily & month end PL analysis, both trading and non-trading;
  • Work with fund administrator and Middle Office to troubleshoot and/or escalate any PL, cash, or position issues;
  • Experience working with internal Treasury to calculate and attribute interest on cash balances across various counterparties;
  • Coordinate with Fund Controllers on month end closing process for multiple fund entities;
  • Daily PL calculation; and
  • Liaise with Middle Office and Fund Controllers to perform independent price verification process on entire The Firm portfolio on a mid-month and month-end frequency.

 

Requirements

 

  • 7- 12 years of experience in product control space (fixed income/derivatives experience strongly is preferred);
  • Possess comprehensive knowledge of the valuation verification process of OTC Derivatives, such as Credit Default Swaps, Interest Rate Swaps,
  • Swaptions, Equity Swaps, FX Options, Variance Swaps, etc.

 

 

Note: Qualified candidates will be contacted within 2 business days of the application. If an applicant does not meet the above criteria, we will keep your resume on file for future opportunities and may contact you for further discussion.

Date Posted 4/16/2019
Salary $250,000- $350,000






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