Job Details

P&L Product Control Analyst -Primary & Credit

London, United Kingdom, Contract

Posted: 22 hours ago


We are AMS. We are a global total workforce solutions firm; we enable organisations to thrive in an age of constant change by building, re-shaping, and optimising workforces. Our Contingent Workforce Solutions (CWS) is one of our service offerings; we act as an extension of our clients' recruitment team and provide professional interim and temporary resources.

Our investment banking client has been present in the UK for more than 150 years, they're a long-term partner to British business. Today, the Group is formed of 10 divisions and employs 9,300 staff based in 21 core locations right across the country. Their role is simply stated: help clients achieve their goals by combining local know-how and global reach. In so doing, they seek to make a positive, sustainable contribution to both the UK economy and society.

On behalf of this organisation, AMS are looking for a P&L (Product Control) Analyst -primary & Credit on a 6 month contract based in London.

Purpose of the Role:

The position is as Product Controller for the Primary New issuance desk. The selected candidate will report to the Structured Credit P&L team manager.

The Primary new issuance desk aims deliver new bonds to the Primary market as part of syndicate with other financial institutions. The business is primarily fee driven, providing financial assets for institutional investors

As a P&L (Product Control) Analyst -primary & Credit you will be responsible for:

    • The participation in business development initiatives across BNP Paribas support functions and locations.
    • The preparation, and full explanation, of daily and monthly management revenues for the Primary Markets activity and their reconciliation with the estimates of the traders and with the financial accounts
    • Producing daily P&L based on the banks official P&L systems.
    • Reconciling P&L to Front office estimates.
    • Validating daily stepped reval and risk based P&L explains.
    • Analysing, understanding and writing commentary on P&L using analytical tools.
    • Working with front office, trade support and other functions to resolve operational and booking issues.
    • Working with front office, finance and market risk finalising month end P&L.
    • Discussing and reviewing Syndication P&Ls with management.
    • Ensuring the monthly management P&Ls are consistent with the final end of month general ledger P&L in conjunction with Finance.
    • Close liaison with the trading floor to ensure the timely and efficient resolution of trader queries.
    • Liase with other Operation functions and other infrastructure groups to support a 'one team approach'.
    • Take a 'can-do' approach to enhance relationships.
    • Resolve all issues / conflicts in a timely and customer orientated fashion.
    • Adhere to deadlines and objectives.
    • Clear and concise communication with all teams to ensure the timely and efficient dissemination of information and the resolution of queries arising, including escalation of issues to the team manager.
    • Ability to gather information from a broad range of sources and disseminate appropriately.
    • Where appropriate, ability to maintain and explain own position using logic in the light of differing views.
    • Provide support to Operations in overseas offices as required
    • Focus on the needs of the business
    • · Respect and value each team member's contribution
    • · Act with integrity
    • · Accept responsibility for our actions
    • · Recognise creativity and ability
    • · Achieve a sensible work/life balance.

What we require from the candidate:

  1. Previous experience (1+ yrs) in a P&L Control environment with daily P&L experience.
  2. Strong academic background required. (e.g. 2:1 at degree level, good A Level grades).
  3. Strong interpersonal and communication skills.
  4. Good knowledge of credit products within fixed income, specifically a strong understanding of Bonds, CDS, Interest Rate Swaps and Repos.
  5. Strong Excel/PC skills, VBA skills would be an advantage.
  6. The successful candidate will need to demonstrate strong desire to learn the processes and products

If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and we will contact you with an update in due course.

This client will only accept workers operating via an Umbrella or PAYE engagement model.

Alexander Mann Solutions, 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 Details

London, United Kingdom