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Sr. BFC Product Associate - XVA - Global Banking and Markets

New York, New York

Job Description:

Business Overview:

The Counterparty Portfolio Management (CPM) finance team is part of the GBAM CFO organization. The CPM desk manages XVA on Global Markets derivative portfolio, this consist of CVA (counterparty credit), DVA (own credit), FVA (funding) and any other related future pricing components on the derivative portfolio.

The primary focus of our team is to

1) Review valuations and perform price testing on XVA portfolio

2) Review and analyze the P&L and risk drivers

3) Review the month end close and perform quarterly disclosures related to XVA

4) Determine revenue recognition and new deal analysis along with interacting with other finance groups to understand XVA impact on new deals

Our business partners include the XVA trading desk. Key priorities for our team are ensuring the financial controls are in place for the XVA trading desk, provide feedback to the desk on price testing, valuation adjustments and daily, weekly and monthly PnL events, review the effectiveness of hedging and reviewing impact on new deals.

Specific description:

The candidate will lead the FVA-C Business Finance & Control team and will need to build a strong relationship with the business and other support functions. Strong communication skills, and a technical background in Global markets trading businesses, preferably XVA related.

The role will include the following:

  • Assist in the production of Daily, Weekly and Monthly P&L reports
  • Oversight on the official daily P&L explain and its provision for VaR backtesting.
  • Regulatory capital disclosures, Price Testing, Stress Test and Forecasting.
  • Assist in the production of monthly price testing/valuation reports.
  • Participate in the monthly and quarterly close process
  • Maintaining/updating valuation adjustment & IPV Desk Level Procedures (DLP)
  • Responsible for being audit compliant and meet the regulatory requirements.
  • Partner closely with Front Office, Operations and Technology to define business processes and implement related technology solutions.
  • Candidate will be involved with complex issues that impact multiple lines of business.
  • Communication skills will be heavily utilized through working with the many stakeholders involved with implementation
  • Risk and Issue identification, Management, and resolution.
  • Actively retain, develop and hire Talent.

The teammate in this role will see firsthand how current and future market and regulatory changes impact derivative pricing and valuations. In addition, the individual will be actively involved in discussions/process of XVA valuation changes in a dynamic environment.

Required Skills

  • Bachelor Degree in Accounting/Finance
  • Minimum of 4-8+ years financial industry/banking experience - preferred product control experience with derivatives products.
  • Strong financial analytics experience (product control/financial analysis exp)
  • Advanced experience/skills with Excel and complex spreadsheets
  • Candidate must be able to work both independently and as team member
  • Strong communication and presentation skills
  • Strong problem solving and analytical abilities (Excel/Essbase)
  • Ability to manage multiple priorities and meet tight deadlines

Desired Skills

  • MBA, CPA, CFA, or other advanced certification
  • Direct Leadership skills
  • Experience with Bloomberg, or Hyperion/Essbase/SAP
  • Insight experience
  • Control focused, analytical, team oriented, comfortable with complex products

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

2000

Job Description:

Business Overview:

The Counterparty Portfolio Management (CPM) finance team is part of the GBAM CFO organization. The CPM desk manages XVA on Global Markets derivative portfolio, this consist of CVA (counterparty credit), DVA (own credit), FVA (funding) and any other related future pricing components on the derivative portfolio.

The primary focus of our team is to

1) Review valuations and perform price testing on XVA portfolio

2) Review and analyze the P&L and risk drivers

3) Review the month end close and perform quarterly disclosures related to XVA

4) Determine revenue recognition and new deal analysis along with interacting with other finance groups to understand XVA impact on new deals

Our business partners include the XVA trading desk. Key priorities for our team are ensuring the financial controls are in place for the XVA trading desk, provide feedback to the desk on price testing, valuation adjustments and daily, weekly and monthly PnL events, review the effectiveness of hedging and reviewing impact on new deals.

Specific description:

The candidate will lead the FVA-C Business Finance & Control team and will need to build a strong relationship with the business and other support functions. Strong communication skills, and a technical background in Global markets trading businesses, preferably XVA related.

The role will include the following:

  • Assist in the production of Daily, Weekly and Monthly P&L reports
  • Oversight on the official daily P&L explain and its provision for VaR backtesting.
  • Regulatory capital disclosures, Price Testing, Stress Test and Forecasting.
  • Assist in the production of monthly price testing/valuation reports.
  • Participate in the monthly and quarterly close process
  • Maintaining/updating valuation adjustment & IPV Desk Level Procedures (DLP)
  • Responsible for being audit compliant and meet the regulatory requirements.
  • Partner closely with Front Office, Operations and Technology to define business processes and implement related technology solutions.
  • Candidate will be involved with complex issues that impact multiple lines of business.
  • Communication skills will be heavily utilized through working with the many stakeholders involved with implementation
  • Risk and Issue identification, Management, and resolution.
  • Actively retain, develop and hire Talent.

The teammate in this role will see firsthand how current and future market and regulatory changes impact derivative pricing and valuations. In addition, the individual will be actively involved in discussions/process of XVA valuation changes in a dynamic environment.

Required Skills

  • Bachelor Degree in Accounting/Finance
  • Minimum of 4-8+ years financial industry/banking experience - preferred product control experience with derivatives products.
  • Strong financial analytics experience (product control/financial analysis exp)
  • Advanced experience/skills with Excel and complex spreadsheets
  • Candidate must be able to work both independently and as team member
  • Strong communication and presentation skills
  • Strong problem solving and analytical abilities (Excel/Essbase)
  • Ability to manage multiple priorities and meet tight deadlines

Desired Skills

  • MBA, CPA, CFA, or other advanced certification
  • Direct Leadership skills
  • Experience with Bloomberg, or Hyperion/Essbase/SAP
  • Insight experience
  • Control focused, analytical, team oriented, comfortable with complex products

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21042564

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Jeannie Jones-Pickering

Referral Bonus:

2000

Street Address

Primary Location:
250 VESEY ST, NY, New York, 10281