Pnl Production and Explain Avp
6 months ago
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 AVP** for a **12-month long** contract based in **London** (hybrid).
**As a PNL Production and Explain AVP, you will be**:
- Overseeing the production of Associate members of the team providing the mandatory 4-eyes check on the figures delivered to Front Office, RISK, and Finance where required
- Reviewing and challenging the PnL delivered by Associate members of the team
- Running end of day Predict where relevant, and investigating discrepancies with the traders' predict and understanding the economic reasons justifying the P/L (market moves, new deals, strategies etc.)
- Producing the official PnL figures, investigating the discrepancies with the expectations done the previous day and understanding the economic reasons justifying the P/L (market moves, new deals, strategies etc.)
- Reviewing the PnL Explain in depth and correcting wrong effect if no technical solution can be found to overturn the misallocation
- Reviewing the Risk based market PnL and analysing 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
- Providing Associate members of the team mentoring whether on the complex instruments or on the general PnL construction
- Delivering small-scale projects or well defined tasks on major projects to improve operational support to the business
- Actively participating in meetings to represent PnL Control function to add expertise to projects
- Establishing relationships with the Business to better understand their needs
- Deputising for manager in their absence where required
**What we're looking for**:
- Previous experience of working in a similar capacity
- Knowledge of instruments traded in Fixed Income as well as exposure to other asset classes
- Knowledge of derivative pricing
- Working experience with PnL explains (Step Revaluation as well as Risk-Based Explains) and strong knowledge and understanding of risk factors (the "Greeks")
- Ability to translate detailed knowledge and experience of specific processes into recommendations to improve team operating practices
- Effective time management skills and ability to prioritise workload and escalate issues to management
- Sound working knowledge and understanding of operational risk and permanent control framework
- Ability to handle multiple tasks simultaneously and prioritise independently
- Strong focus on accuracy and attention to detail
- Excellent written and verbal English skills in order to articulate technical issues and be able to take the complex and make simple to enable effective communication with the business
- Good stakeholders management skills and ability to collaborate across teams
- Strong analytical skills and ability to meet deadlines under pressure
- Computer literacy and a good knowledge of standard computer software (including MS Excel)
**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.
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