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Fixed Income Product Controller

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Jefferies

19d ago

  • Job
    Full-time
    Junior Level
  • Banking & Finance
  • London

AI generated summary

  • You must have experience in structured products, be a qualified accountant, and possess strong Excel skills. Work independently, identify and solve issues, prioritize workload, and collaborate with team members. Ability to train others and automate processes is crucial.
  • You will be responsible for daily and monthly P&L production, inventory reporting, balance sheet substantiation, and assisting in process/system enhancements at Jefferies.

Requirements

  • Prior Experience in Structured Products.
  • Qualified Accountant.
  • Knowledge of reserving methodologies/valuation adjustments.
  • Able to work autonomously.
  • Uses initiative to identify issues and implement solutions.
  • Advanced excel knowledge.
  • Strong team player.
  • Ability to train and upskill the wider team.
  • Able to prioritise workload to achieve daily targets.
  • Able to multitask to answer desk and management requests on a timely basis.
  • Be proud of the work he/she produces and not turn a “blind eye” to problems.
  • Ability to automate and rationalise processes as necessary.

Responsibilities

  • Daily PL Production including:
  • Day 1 Review
  • Flash v Actual Analysis
  • Accounting for Fee Revenues and Expenses
  • P&L Commentaries
  • FOBO review
  • Inventory Reporting
  • T0 Reporting
  • Clean P&L
  • Weekly Commentary analysis for Financial Reporting
  • Month End work including:
  • Balance Sheet substantiation
  • Reconciliation of reported P&L to ledger
  • Review of and assistance in IPV process
  • Management Packs for deals and associated P&L
  • P&L and inventory movement commentaries
  • Additional responsibilities
  • Active involvement in enhancements and development of process/system flows to ease automation of P&L production
  • Ad hoc management reporting
  • Assist in building out processes for new products sets or system implementation that may arise

FAQs

What is the role of a Fixed Income Product Controller in a financial institution?

A Fixed Income Product Controller is responsible for daily PL production, weekly commentary analysis, month-end work including balance sheet substantiation, reconciliation of reported P&L to ledger, and additional responsibilities such as system enhancements and ad hoc management reporting.

What qualifications are required for a Fixed Income Product Controller role?

The ideal candidate should have prior experience in structured products, be a qualified accountant, have knowledge of reserving methodologies/valuation adjustments, be able to work autonomously, possess advanced excel knowledge, and be a strong team player.

What are some of the key responsibilities of a Fixed Income Product Controller?

Some key responsibilities include daily PL production, weekly commentary analysis, month-end work such as balance sheet substantiation and reconciliation, as well as additional tasks related to system enhancements, management reporting, and process automation.

What skills and experience are necessary to excel in a Fixed Income Product Controller role?

The candidate should have prior experience in structured products, be a qualified accountant, possess advanced excel knowledge, have the ability to work autonomously, be a strong team player, and be able to prioritize workload efficiently to meet daily targets. Additionally, the candidate should have the ability to identify issues and implement solutions, train and upskill the team, and automate processes as necessary.

Jefferies, the global investment banking firm serving clients for 60 years.

Finance
Industry
1001-5000
Employees
1962
Founded Year

Mission & Purpose

Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies and governments.

Benefits

  • Wellness Programs

  • Health Care and Insurance Plans

  • Employee Discounts