Makosi provides operational support, innovative technologies and advisory services to some of the largest banks, brokerages, asset managers and hedge funds globally. We require a Product Control AVP to work within our IB clients team. The function sits between Front Office and the other support areas and has an emphasis on the trade date Control environment, Front Office support and analysis of P&L and risk. This requires a close working relationship with the Front Office and other infrastructure areas.
The core responsibilities of the team are to ensure timely and accurate reporting of daily P&L including verification of risk and P&L through the P&L attribution process. In addition, ownership and reconciliation of the reported P&L and Balance Sheet substantiation to the firms reported financials. Daily tasks include:
Responsible for daily P&L production for various portfolios
Take ownership of balance sheet and understand movements on a weekly, monthly, quarterly basis to report to the Front Office, Financial Control, and Regulatory
Prepare daily P&L and PV reconciliations (FOBOs) and substantiation of positions, prices, factors, paydowns, and net interest
Preparation of consolidated financial information for Senior FO and Finance Management
Ensure all staff are trained and fully understand the underlying revenue attribution approach
Product specific subject matter experts within the team and across finance
Monitor compliance with loss thresholds and trader mandates, along with new business support
Daily/weekly/monthly P&L and balance sheet commentary
Monthly balance sheet and income statement reconciliations to the general ledger
Help analysts understand and complete the daily P&L
Challenge existing processes and controls ensuring best practice across finance
Manage a team of controllers (analysts) to ensure a high level of FO client service
Interact with other infrastructure areas, specifically Operations and Financial Control, for issue resolutions
Field various ad hoc requests
5+ years of Product Control with a focus in Fixed Income products
2+ years of strong technical background in bonds/CDS and structured CDS products
Big 4 Accounting Firm
Experience managing a small team
Working understanding of Credit products, including Corp/Muni bonds, Credit Default Swaps (CDS/CDX), and their rates hedge products (Interest Rates Swaps, Treasuries, Futures)
Strong Excel skills including macros, vlookup, pivot tables and complex formulas
Trade and System Flow understanding
Time management skills while working under tight deadlines
Demonstrated knowledge of accounting and finance concepts
