Investment Banking jobs in United Kingdom

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The Product Control Department is responsible for the validation and publication of a Trading Profit and loss for every EDFT trading desk on a daily basis. This will include agreement with the trading desk and a written explanation of the P&L movement

In addition a consolidated P&L is produced and distributed to Management including the monitoring of EDFT stop loss limits.

Other responsibilities of the Department include:

• Curve Validation to external sources
• Monitor Futures reconciliations
• Monitor Inter-company Balances
• Various month end reports and reconciliations for Financial Control and Treasury
• Prepare Daily summary of price moves

Position purpose

The candidate will work within the Product Control team and will be responsible for the P&L production for specific business units, consisting of a variety of commodities. They will interact with Front Office and other departments on a daily basis to ensure P&Ls are accurately reported and key market drivers are understood.

They will also produce some month end and audit deliverables and in time be expected to work on small ad hoc projects to help the wider team and/or push the business forward.

Experience required

• A background in middle office/product control/risk management within energy trading/investment banking.
• Minimum of 2 years experience of profit & loss analysis.
• Knowledge of commodities required.
• Knowledge of derivatives, including options, swaps and futures required.
• Experience of manipulating data sets using tools such as Alteryx and PowerBI desirable

Technical requirements

• Strong academic background with a degree ideally in a quantitative subject.
• Knowledge of Alteryx, Python or Excel VBA desirable

Person specification

• Strong excel skills is essential
• Flexible and Enthusiastic individual who is keen to question existing processes for improvement
• Good communication and stakeholder management skills
• Excellent analytical skills
• Ability to work under pressure without compromising the quality of deliverables.