Our client is a Top Tier Investment Bank with a great reputation in Commodities Trading. They are looking for AVP and VP level hires in the middle office with relevant experience and exotic product knowledge.

The team are responsible for reporting and analysing P&L, as well as supporting the Front Office in the business of dealing Exotic Commodity Derivatives. In practice this will mean being responsible for ensuring trades are booked accurately and generate the correct Risk and P&L given the risk profile and structure of the trade.

1. P&L Reporting ��" includes reporting of Flash P&L Actual P&L, Variance analysis and clean P&L for backtesting.The group is responsible for reporting P&L on a daily basis.This involves all key controls and reconciliations.

2. P&L explanation ��" validate the system generated P&L with position-based and risk attribution and commentaries. Responsible for the investigation and resolution of any unexplained P&L

3. Dealing with ad hoc queries with the trading desk relating to P&L explains, variances, trade booking and valuation issues

4. Provisions calculation and analysis; price testing; commentaries and management reporting.

5. Data Integrity and balance sheet verification. Carry out validation tasks to ensure the integrity revenue related balance sheet accounts, focusing on

o System reconciliations ��" ensuring trading positions and prices in front office system are reconciled to the accounting and settlement sub-ledgers

o Awareness and consideration of controls that would impact these accounts

6. Process Improvements. Commodities Exotics Product Control is constantly seeking to innovate and rationalise existing processes. All team members are expected to contribute to this process.

Required:

· Degree

· Qualified accountant ��" ACA / CIMA or similar

· Solid experience of working in a Product Control and / or Middle Office environment

· Good experience supervising/managing a team

· Strong mathematical and analytical ability

· The individual needs to be assertive and able to work with the traders closely

• The candidate will also be expected to understand the business from a non-accountancy point of view

· Good knowledge and understanding of financial markets ��" with experience of options and exotics products

• Experience of working against tight short-term deadlines in a dynamic, pressurized environment

Preferred:

· Numerate Degree/Masters Degree

· Middle Office or Product Control Derivatives Experience

· Involved in a change programme

• Excellent Excel skills

· Use of Excel macros and Access to build reporting and analysis tools

• Use of SQL / DB queries and ability to code in VBA would be advantageous