Equity Derivatives Product Control - VP

Phaxis; New York (NY); On-site; USD 180,000 - 230,000; Full time

Job summary

Phaxis is seeking an experienced Equity Derivatives Product Control professional to support the trading desk in New York, focusing on structured products and exotic derivatives such as autocallables, barrier options, and volatility swaps.

The role requires 8–10 years in equities-focused product control, with 4–5 years in structured products and exotic derivatives, and a strong grasp of exotic Greeks and model risk.

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.
• Bachelor's degree in Finance, Economics, Accounting, or quantitative field; CFA, CPA, or FRM preferred.

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 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 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.

Skills

Exotic derivatives

P&L analysis

Stakeholder management

Risk management

Team leadership

Process improvement

Model risk

Exotic Greeks

Financial reporting

Education

Bachelor's degree in Finance/Economics/Accounting or quantitative field

CFA/CPA/FRM preferred

Job 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

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.