Head of EQD PC
Head of EQD PC
Category | Back Office / Operations | Salary | - |
Work Type | Permanent | Date | 2008-05-09 |
Location | Tokyo | Ref.# | STULL22409 |
Company Description
One of the largest international banking networks, with strong positions in Asia and a significant presence in the United States, this European bank has operations in nearly 90 countries. The company and its many subsidiaries specialize in retail banking, corporate and investment banking, and asset management.
Responsibilities
The new staff will supervise our P&L team and be part of the management of our Equity and Derivatives Middle Office team. As part of this role, he/she will have to :
• Take responsibility for the publication of the Tokyo platform PNL on a daily basis
• Ensure that the PNL for each desk is reconciled and consistent with the Traders’ estimates prior to the publication.
• Identify and relay with proper follow-up proposals of enhancement of P&L production and analysis tools.
• Production, analysis and reporting on daily basis for Structured/Flow/CB/Stock loan/Cash/Agency business PL
• Responsible for the PL publication on time, adjustment validation, PL explanation validation for daily PL swing above the threshold
• Resolving PL issues in liaison with Trade Support staff, FO, and BO
• Maintain low discrepancy level both on FO-MO, MO-BO and MO-Finance reconciliations
• Ensure P&L results are in line with business activities and be able to explain the figures
• Reconcile price / PV / positions between MO and Finance data, including internal trade PL reconciliation.
• Insertion of month end reserves, totem, and fees into MO System
• Responsible for PL related developments and projects
• To create ad-hoc reporting when requested from management
• Contribute to the improvement and the maintenance of an intensive and productive communication with other teams & HQ
• Answering queries from FO, BO, Finance and auditors for any queries related to the team’s tasks and roles
• To make sure all the procedures are written, updated and followed
• Supervise the PL production and resolve problems by providing appropriate guidance
• Assess their performance regularly
• Make sure to have back-up coverage for each area
• Report important issues and occurrences to the manager
• Assist MO team head for the resource management, hiring and appraisal process
Requirements
• Proficiency over all kind of Equities and Derivatives instruments and products
• Understanding of P&L calculation and ability to analyze the P&L (Greeks)
• Excellent communication skills both written and spoken
• 3 to 5 years experience in Equity and Derivatives business with working experience on P&L production and analysis or product control
• Preferably management experience
Additional Notes
Remuneration: Negotiable
