Assistant Vice President, Derivative Product Control

Company Profile: Prestigious financial institutions in Midtown with a Hybrid Scedule experiencing and offering growth.

Position Summary: A Fixed Income Division (FID) Product Controller is responsible for the accounting and financial reporting of the fixed Income trading desks. FID Product Controllers are responsible for the monitoring of transactions, P&L, and act as a primary control function. This role will be supporting Derivative Products trading.

Essential Job Duties:

• Work closely with front office personnel in producing daily, weekly, and monthly P&L results and analysis.
• Investigate and resolve P&L discrepancies arising from incorrect booking of trades, missing deals, system errors, or valuation issues.
• Liaison with various areas within the firm (e.g. Front Office, Operations, Technology, Middle Office and Market Risk)
• Continue developing and improving the Internal Control environment through critical evaluation of current controls and processes and utilization of best practice.
• Complete the month end closing process for balance sheet reconciliation and substantiation.
• Ensure compliance with internal and external audits.
• Ad hoc requests from the desk
• Drive process and system improvements through participation in various project initiatives.
• Assess new trades for appropriate valuation, accounting treatment, and disclosure in the financial statements.
• Work with financial control in preparation of key external reports such as disclosures.

Qualifications:

• Must have 3 years of Product Control, Capital Markets Audit, Market Risk Management or Big 4 experience with knowledge of Fixed Income/Interest Rate Derivative products
• CPA or CFA preferred but not required.
• Familiarity with accounting principles
• High attention to detail
• Fast learner and team player
• Strong analytic and problem-solving skills.
• Highly proficient in Excel (v-lookups, pivot tables), SQL and or Python a plus
• Strong interpersonal and communication skills; the ability to clearly articulate ideas
• Accounting, Finance or STEM degree required