Middle Office Product Control
|Reference # :||16-10207||Title :||Middle Office Product Control|
|Location :||New York, NY|
|Position Type :||Direct Placement|
|Experience Level :||Start Date :||11/27/2016|
|Eclaro International is currently recruiting for a Middle Office Product Control for one of our financial services clients.|
Strong Excel skills. VBA and/or SQL skills a plus. Must be able to fully understand the impact of current and future IT developments on existing P&L processes and play a role in their implementation. Is able to see the big picture, to identify non-optimal processes, to propose solutions and to implement them within timelines and cost constraints.
Must have Product Controller background - either FICC or Municpal products P&L experience ? supporting a traders function Strong relationship mgmt/Communications experiences
What is exciting about this opportunity? Please use this section to describe team and company culture.
Will be apart of the Muni Finance Group which supports the Municipal Markets and Banking business. Responsible for the control infrastructure for the broad arrange of products they trade (Muni bonds, Securitizations, TRSwaps, Muni Credit Derivatives and IR Derivatives). A new product controller will strengthen the team and enable us to maintain the flexibility needed to support the Municipal Capital Markets business. Resource is critical to assume daily BAU responsibilities to ensure proper roles and responsibilities are maintained and critical project deliverables are met.
Maintain a strong focus on controls
Provide Daily PnL Explain Reporting for various trading desks within the Municipal Banking and Markets Division covering highly structured products (various Muni Bonds, CDS, TRS and IR Derivs).
Reconciling Daily, Monthly and Year to Date PnL to the General Ledger.
Work Closely with Front Office, Trade Support, Technology, Market Risk, and Compliance.
Ensure that the Control Framework is in place for processes, identify control gaps and implement enhancements.
Embrace and proactively drive change. Need to be able to identify flaws in the current processes, originate new ideas of how we can better support our Businesses and implement them.
Liaise with many different groups across the organization and globe.
Ad hoc projects and other various Finance initiatives to streamline daily processing and increase controls.
Enterprise Role Overview:
Responsible for balance sheet, general ledger and/or product controls specific to a defined area or defined process. Understands the market and the market drivers of the product they are supporting. Understands more complex structured transactions and the operational risks around the end to end product lifecycle. Implements improvements to the system infrastructure and control environment. Provides general team guidance on complex transactions. May provide input to recruiting and hiring and performance management processes. BA preferred or substantially equivalent experience. Typically 5-7 years of applicable experience. To be used for employees in Global Markets only.
? Previous exposure to Product Control and Derivative products would be preferred.
? Strong problem solving and project management skills.
? Ability to work under pressure and strong organizational and multi-tasking skills.
? Excellent communication and interpersonal skills.
? Team Player: must demonstrate a "can-do? attitude necessary to create good relationships with traders, management, other business partners and the Bank's customers.
? Strong understanding of fixed income products or structured products
? Strong Excel skills. VBA and/or SQL skills a plus.
? Must be able to fully understand the impact of current and future IT developments on existing P&L processes and play a role in their implementation.
? Is able to see the big picture, to identify non-optimal processes, to propose solutions and to implement them within timelines and cost constraints.
? Ensures effective planning and execution of client deliverables on a timely basis