Equity Derivatives Product Control - VP

Phaxis; New York (NY); On-site; USD 150,000 - 210,000; Full time

Job summary

Phaxis is seeking an experienced Equity Derivatives Product Control professional to support the trading desk focused on structured products and exotic derivatives. The role demands deep knowledge of equity options, futures, swaps, and risk-aware control practices across complex lifecycle events.

REquilibrium includes mentoring junior staff, collaborating with trading, Treasury, and IT, and driving automation of exotic P&L workflows.

Qualifications

• 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.

Responsibilities

• Daily P&L Reporting & Analysis: conduct flash-to-actual analysis, reconcile front-to-back processes, attribute detailed P&L, verify adjustments, and perform balance sheet attestation.
• Stakeholder Engagement: collaborate with trading, Treasury, and IT to address booking and valuation issues, focusing on complex lifecycle events.
• Process Improvement: contribute to automation of exotic P&L workflows and implement strategic solutions.
• Funding & Financing: analyze funding charges and assess impact of structured product collateral dynamics.
• Manual Adjustments: evaluate adjustments, including model reserves and valuation adjustments for illiquid exotics.
• Team Leadership: mentor junior staff within a global team and foster knowledge of exotic products and controls.
• Deal Review & Structuring Support: analyze deals and oversee reviews conducted by offshore team.
• Controls & KRIs: ensure effective controls with focus on model risk and market data quality.
• Month-End Close: finalize books, reconcile P&L to GL, and complete financial reporting schedules.

Skills

Equities-focused Product Control

P&L analysis

Stakeholder engagement

Exotic derivatives

Team leadership

Model risk

Controls & KRIs

Education

Bachelor's degree in Finance/Economics/Accounting

CFA/CPA/FRM preferred

Job description

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.