VP, Equity Derivatives: Exotic P&L & Control

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

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.