Pnl Production and Explain Avp

5 months ago

London, United Kingdom Alexander Mann Solutions (AMS) Full time

**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.

Job Reference: AMSCWS00743

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