Equity Derivatives Product Control - VP

Role Description: This position provides support to the Equity Derivatives trading desk, focusing on Structured Products and Exotic Derivatives such as autocallables, barrier options, and volatility swaps. The candidate should have a thorough understanding of Equity Options, Futures, Swaps, and complex derivatives. Attention to detail, risk awareness, and a strong grasp of exotic Greeks and model risk are essential for maintaining a robust control environment.

Essential Duties and Responsibilities: Daily P&L Reporting & Analysis:

• Conduct flash-to-actual analysis, reconcile front-to-back processes, attribute detailed P&L, verify manual adjustments, and perform balance sheet attestation.
• Stakeholder Engagement:
• Collaborate with various teams like trading, Treasury, and IT to address booking and valuation issues, focusing on complex lifecycle events.
• Process Improvement:
• Contribute to process enhancement projects, including automation of exotic P&L workflows and implementation of strategic solutions.
• Funding & Financing:
• Analyze funding charges and assess the impact of structured product collateral dynamics.
• Manual Adjustments:
• Evaluate and address manual adjustments, including model reserves and valuation adjustments for illiquid exotics.
• Team Leadership:
• Manage and mentor junior team members, fostering knowledge of exotic products and control practices.
• Deal Review & Structuring Support:
• Analyze deals and oversee reviews conducted by the offshore team.
• Controls & KRIs:
• Ensure effective control measures through KRI metrics, focusing on model risk and market data quality.
• Month-End Close:
• Finalize books, reconcile P&L to the General Ledger, and complete financial reporting schedules.
• Experience / Qualifications / Education 8-10 years in Equities-focused Product Control, with 4-5 years in Structured Products and Exotic Derivatives.
• Strong knowledge of exotic derivative pricing models, Greeks, and model risk.
• Familiarity with structured/exotic product lifecycle events.
• Bachelor's degree in Finance, Economics, Accounting, or a quantitative field; CFA, CPA, or FRM preferred.
• Experience in managing and developing junior staff within a global team.
• Ability to multitask in a fast-paced environment with excellent prioritization skills.
• Effective communication skills for explaining complex P&L drivers to senior stakeholders.
• Proactive team player with attention to detail and dynamic operational capability.