PNL Production and Explain Associate

3 weeks ago

London, Greater London, United Kingdom AMS Contingent Full time
We are AMS. We are a global total workforce solutions firm; we enable organisations to thrive in an age of constant change by building, re-shaping, and optimising workforces. Our Contingent Workforce Solutions (CWS) is one of our service offerings; we act as an extension of our clients' recruitment team and provide professional interim and temporary resources.

Our investment banking client has been present in the UK for more than 150 years, they're a long-term partner to British business. Today, the Group is formed of 10 divisions and employs 9,300 staff based in 21 core locations right across the country. Their role is simply stated: help clients achieve their goals by combining local know-how and global reach. In so doing, they seek to make a positive, sustainable contribution to both the UK economy and society.

On behalf of this organisation, AMS are looking for a PNL Production and Explain Associate for a 12-month long contract based in?London (hybrid).

Purpose of the Role:

The role of the PNL Production and Explain - Associate is to produce and validate the daily PNL and PNL Explains for Exotic Trading Desks within ex-Fixed Income and be accountable for the delivery of the PNL for all sign-off groups within the PNL group belong being to the team.

As a PnL Production and Explain Associate, you will be:
  • Producing the official PNL figures, investigate the discrepancies with the expectations done the previous day and understand the economic reasons justifying the PNL (market moves, new deals, strategies etc.).
  • Reviewing the PNL Explain in depth and correct wrong effect if no technical solution can be found to overturn the misallocation.
  • Reviewing the Risk based market PNL and analyse differences against the PNL Explain until the gap is understood and documented.
  • Reconciling the system valuation against our calculation for specific products such as Futures and Bonds.
  • Reviewing the cash payments expected from exotic products.
  • Assisting in the training of new and junior members of the team and provide cover for other members where necessary.
  • Supporting the implementation of new system functionalities and raise IT requirements for bug fixing or system enhancements when possible.
  • Participating in Transversal projects.
    What we require from the candidate:
    • Typically require a university degree (in Finance, Business, Economics or hard science) as an indicator of an ability to understand and apply complex theoretical concepts, although may have progressed into the role via equivalent business experience.
    • Experience working in a control function within an investment bank.
    • Some experience in project involvement
    • In-depth knowledge of instruments traded in Fixed Income as well as exposure to other asset classes.
    • Good theoretical knowledge of derivative pricing
      Next steps

      If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and we will contact you with an update in due course. This client will only accept workers operating via an Umbrella or PAYE engagement model.AMS, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business.

  • Pnl Production and Explain Avp

    5 days ago

    London, Greater London, United Kingdom Bridge of Hope Full time

    We are AMS. We are a global total workforce solutions firm; we enable organisations to thrive in an age of constant change by building, re-shaping, and optimising workforces. Our Contingent Workforce Solutions (CWS) is one of our service offerings; we act as an extension of our clients' recruitment team and provide professional interim and temporary...

  • PNL Production and Explain AVP

    5 days ago

    London, Greater London, United Kingdom Michael Page (UK) Full time £450 - £550

    About Our Client Our client is a global titan in the Financial Services industry, boasting a strong international presence with over 100,000 employees worldwide. Specialising in Banking and Financial Services, they are renowned for their commitment to delivering top-notch services to their clients. Job Description Supervise the daily PNL production and...

  • Production M

    5 days ago

    London, Greater London, United Kingdom Michael Page (UK) Full time £450 - £550

    Our client is a global titan in the Financial Services industry, boasting a strong international presence with over 100,000 employees worldwide. Specialising in Banking and Financial Services, they are renowned for their commitment to delivering top-notch services to their clients. Supervise the daily PNL production and explain process. Manage the risk and...

  • Bfc Product Associate

    5 days ago

    London, Greater London, United Kingdom eFinancialCareers Full time

    Role Description: Oversight of daily / monthly PnL substantiation reports in line with market view for the EMEA FX Options business. Valuation Control monthly calculation of Prudent Valuation AVA for Global Options business along with involvement in regular documentation review and any project work around Pru Val which involves partnering with GVG and...

  • BA with Risk/PnL experience. Banking. + Discretionary Bonus and Benefits. London Hybrid 2 Days a

    5 days ago

    London, Greater London, United Kingdom CommuniTech Recruitment Group Full time £100,000

    BA with Risk/PnL experience. Banking. £100,000 + Discretionary Bonus and Benefits. London Hybrid 2 Days a week.My client is a top tier trading house based in Central London. They are looking for a seasoned BA with extensive Risk and PnL experience. They need someone with strong SQL skills.DepartmentIT Delivery Team – Control Functions. The team is...

  • Associate Product Manager

    5 days ago

    London, Greater London, United Kingdom Reed Full time

    As an Associate Product Manager, you'll help define, explain, and iterate a product vision that is compelling to your users, team and stakeholders. You'll plan the work for multi-disciplinary teams helping to build out and deliver a product roadmap. Throughout the development of the product, you will be accountable for the quality of the product, ensuring...

  • BA with Risk/PnL experience. Banking. + Discretionary Bonus and Benefits. London Hybrid 2 Days a

    5 days ago

    London, Greater London, United Kingdom CommuniTech Recruitment Group Full time £100,000

    BA with Risk/PnL experience. Banking. £100,000 + Discretionary Bonus and Benefits. London Hybrid 2 Days a week. My client is a top tier trading house based in Central London. They are looking for a seasoned BA with extensive Risk and PnL experience. They need someone with strong SQL skills. The team is responsible for developing bespoke software to...

  • Product Controller

    4 days ago

    London, Greater London, United Kingdom Equifind Full time

    Job DescriptionEquifind have recently partnered with a high growth and entrepreneurial European Credit Hedge Fund, at the $8Bn mark within only a few years since inception to hire a Fund Controller through growth. Investing in capital solutions, opportunistic credit, CLOs and structured products.The role will have a dotted line to the CFO and Head of Ops and...

  • Explainable Ai Researcher

    4 days ago

    London, Greater London, United Kingdom JPMorgan Chase Bank, N.A. Full time

    The goal of J.P. Morgan AI Research is to explore and advance cutting-edge research in AI, to develop and discover principles of impact to J.P. Morgan's clients and businesses. J.P. Morgan AI Research has recently established the firmwide Explainable AI Center of Excellence (XAI COE), which brings together researchers and practitioners to develop novel...

  • Associate Product Manager

    5 days ago

    London, Greater London, United Kingdom Reed Full time

    The Associate Product Manager role is an excellent introductory role into Product Management. The Associate Product Manager is a key voice of product across Technology Business Partnering. They are embedded within the team, and it is their responsibility to create and prioritise requirements and ensure that the best product is developed to meet user needs....

  • Senior Risk Manager

    5 days ago

    London, Greater London, United Kingdom Capstone Full time

    Capstone are looking to appoint a Senior Risk Manager to play a critical role in our mission to build a world-class risk platform to drive understanding and empower decisions on Risk, Performance, Margin and Capital Allocation. You will provide key analysis and analytics to the Risk Team, Investment Committees, and the Trading Desks. The ideal candidate...

  • Analyst credit risk

    5 days ago

    London, Greater London, United Kingdom in Canada Full time

    Home Jobs London – Graduate Associate Programme 2024 – Quantitative Research (Rates, Credit & FX)BNP Paribas Global Markets offers investment, hedging, financing, and research services to a wide range of clients. Through Global Markets, clients can access various opportunities in different markets using innovative solutions and digital platforms.What We...

  • Product Associate

    5 days ago

    London, Greater London, United Kingdom Mason Blake Full time

    Our client is a boutique global investment management house. Due to continued business success, they are now looking to recruit a Product Associate to join their high-performing Product team on a permanent basis. Reporting directly to the Senior Product Manager, the Product Associate will take responsibility for the following duties: Work closely with...

  • Senior Trader

    5 days ago

    London, Greater London, United Kingdom Falcon Brook Search Full time

    The team will focus on financial paper trading, but you can be flexible with regards to the financial products used to execute your market view. You must have a serious PnL track record trading either technically or from a fundamental perspective. Being a Commodity Merchant they have deep expertise across the whole sector. This is not a multi-strat hedge...

  • Credit Portfolio Group

    4 days ago

    London, Greater London, United Kingdom JP Morgan Chase Bank, National Association Full time

    Job DescriptionJoin our dynamic Credit Portfolio Group (CPG) in the Corporate and Investment Banking division for an exciting opportunity to enhance your skills and make a significant impact. CPG actively manages the Investment Bank's retained credit exposures from traditional lending and derivatives activities. We aim to reduce credit risk concentration and...

  • Securitised Products, Financing Trader

    5 days ago

    London, Greater London, United Kingdom Barclays Full time

    Securitised Products, Financing Trader (Commercial Real Estate)LondonThis role is deemed as a Certified role under the PRA & UK Financial Conduct Authority - Individual Accountabilities Regulations and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.As a Barclays...

  • Product Manager

    5 days ago

    London, Greater London, United Kingdom Wise Full time

    Wise is a global technology company, building the best way to move and manage the world's money. As part of our team, you will be helping us create an entirely new network for the world's money. At Wise we believe that people who are closest to risks are the best placed to identify and address these. We are looking for an experienced Product Compliance lead...

  • Production Associate

    5 days ago

    London, Greater London, United Kingdom Notpla Ltd Full time

    At Notpla, we are on a mission to make packaging disappear. We are an innovative, ideas and action-oriented start up that was founded on the belief that nature knows best. We develop and manufacture naturally biodegradable packaging solutions, made from seaweed and plants. We are currently looking to bring in a Production Associate to help us in our pursuit...

  • Structured Products Trader

    5 days ago

    London, Greater London, United Kingdom ING Full time

    Job DescriptionDepartment Overview:Structured Product Group - Financing's mandate is to create, structure and trade products for ING clients' asset financing requirements. The group is also responsible for all trade documentation and bookings.Key products are Total Return Swaps, One Legged Swaps and Repo on less liquid assets. Underlying assets are Bonds and...

  • Product Management Associate

    5 days ago

    London, Greater London, United Kingdom Mason Blake Full time

    Reporting directly to the Head of Product, the Product Management Associate will take responsibility for the following duties:Responsible for fund governance and review across existing product ranges. Monitor product compliance and oversee production of key investor disclosures. Manage and maintain existing product ranges as well as assessing ongoing product...