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Job Title
Job Description
What is the opportunity?
The Analyst, Product Control will support the extraction and consolidation of market data on a daily basis, which is used for the valuation of fixed income derivative products. They will provide analytical support to the Senior Analysts in Fixed Income derivatives Product Control by performing daily mark-to-market valuation & P&L reconciliation on an accurate and timely basis; as well as provide client statements and liaise with clients to discuss and explain the Mark-to-Market valuation movements on a daily basis.
What you will do?
- Assist in daily valuations and analyze MTM movements by measuring the impact of new deals, amendments, cancellations as well as changes in yield curves, volatilities, convexity bias, rate reset and time decay where applicable.
- Assist with the PnL attribution process. Provide commentary and document large movements in P&L.
- Assist in the reporting of Daily, MTD and YTD results as required. Compare P&L Estimate vs. Actual results – investigate variances and escalate to the Senior Analyst as required.
- Ensure that all daily PnL submitted by the Senior Analysts are signed-off daily by the Front Office in a timely fashion. Escalate any issues to the Senior Analyst & reporting Manager
- Assist in preparing reports to meet ad-hoc requests as necessary for business partners
- Prepare and update all daily and monthly procedure manuals and documentation. Obtain a sign-off upon review by the Senior Analyst
- Work closely with all members of the Product Finance team through cross-training. Assume additional responsibilities as they arise.
- Assist Senior Analysts in identifying opportunities to improve valuation and risk reports and pro-actively streamline processes to improve productivity.
- Assist in preparing client mark to market statements for interest rate derivative products on a daily and ad hoc basis.
- Understand and trouble shoot daily PNL and Balance Sheet reconciliations to ensure figures are properly tied back to the systems of records, in the absence of the primary analyst.
- Assist and provide feedback to improve process efficiencies.
- Develop a solid knowledge base of how various derivative products are handled by the various trading systems
- Assist the Senior Analyst and Senior Manager with audit requests from both internal and external auditors
Must Have
- University Degree
- 1+ year of Capital Markets experience
- Sound knowledge of MS Excel
- Good understanding of derivatives products
- Good analytical, problem-solving, interpersonal and communication skills.
- Ability to work effectively under minimal supervision
- Good understanding of procedures and operational controls as they relate to trading systems and workflows
- Willingness to learn and excel in a fast paced environment.
Nice to Have
- Canadian Securities Course
Job Summary
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