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A global Investment Bank is currently hiring into their London FVA Product Control team. This position is responsible for analysing the daily trading activities and explaining both the trading division revenue and FTP costs. The Global head of FVA is looking for someone with a good understanding of products and funding management methods used by the trading desk to optimise resources for the business. Valuations experience is desirable.
Responsibilities:
- Key member of the Business Resource Management (BRM) Product Control team.
- Sit on the XVA desk, which is comprised of both CVA and FVA and whose role is the effective management of the business' counterparty credit and funding risk
- Manage the FVA aspect of BRM on a daily basis, running coordination and oversight globally across Asia, Japan and the US
- Facing off to the Global FVA head on a daily basis, alongside over 10 other BRM traders based in London.
- Trade verification, daily P&L, adhoc query resolution, KRI reporting, driving change and daily flash.
- Understand, maintain and enhance processes utilising knowledge of XVA and controls.
- Partner with Front Office and other control functions to build and develop control and governance frameworks for bespoke and developing business lines.
Requirements:
- Product Control experience required
- Accounting qualification and/or numerate degree preferable
- Familiarity with credit, rate and FX derivatives.
- Detailed understanding of the impact a CSA has on derivative valuation including CVA & FVA.
- Manage relationships with senior traders and other stakeholders such as the offshore teams, business managers, regulatory reporting, risk management etc.
- Need to demonstrate confidence in discussing complex issues with senior individuals.
Robert Walters Operations Limited is an employment business and employment agency and welcomes applications from all candidates
