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Sr. BFC Product Associate-GFX & LCT Trading BFC

New York, New York

Job Description:

Business Overview:

The GFX & LCT trading finance team is part of the GBAM CFO organization. The GFX & LCT trading desk provides clients with market-making services in foreign exchange (“FX”) spot,  swaps, forwards and options in G10 and emerging market currency pairs. In emerging markets, products

offered to clients also include local currency bonds and interest rate derivatives. Client execution services include both voice and electronic execution, with trading operations in seventeen countries and dealing centers located in New York, London, Hong Kong, Singapore.

Key responsibilities for this role including:

  • Oversight on the official daily P&L explain,  P&L substantiation to market events, significant transaction review and its provision for VaR backtesting and other downstream
  • Monthly Independent Price verification on both Derivatives and securities positions. Have a basic understanding and knowledge of financial models,
  • Calculation of the Valuation adjustment – Validation of appropriate application and use of models for books & records.
  • Maintaining/updating valuation adjustment & IPV Desk Level Procedures (DLP)
  • Preparation monthly & quarterly revenue and balance sheet commentary to senior managers and regulators
  • Regulatory capital disclosures, Price Testing, Sector analysis, Stress Test and Forecasting.
  • Volcker/Capital related validation activities such as Volcker balance sheet review, validation of Volcker and Capital attributes for books to ensure compliance with enterprise guidelines
  • Partner with Trading Desk, Trade Support, Operations, ECM and other partners on business support including new product review, accounting assessment, issue resolution
  • Coordination of the monthly close process and quarterly financial reporting requirements
  • Working on initiatives to simplify/automate manual processes

Required Skills:

  • BS/BA Degree required (Finance, Accounting preferred)
  • Hands on experience of minimum 6+ years working in Product Control or Finance group. Global Markets experience required
  • Global Rates market knowledge – familiarity with a broad range of asset classes
  • Derivatives product and valuation knowledge – consisting of technical expertise of models used to reprice complex transactions
  • Advanced experience skills with Excel and complex spreadsheets
  • Control focused, analytical, team oriented, comfortable with complex products
  • Excellent organizational, communication, and relationship management skill
  • Proven analytical skills including data reconciliation and interpretation.
  • Ability to identify and deliver process improvements.
  • Good business partnering skills

Desired Skills:

  • Fixed income or derivative experience preferred
  • VP level candidate
  • Inquisitive, willing to challenge the status quo and strive to improve processes

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Business Overview:

The GFX & LCT trading finance team is part of the GBAM CFO organization. The GFX & LCT trading desk provides clients with market-making services in foreign exchange (“FX”) spot,  swaps, forwards and options in G10 and emerging market currency pairs. In emerging markets, products

offered to clients also include local currency bonds and interest rate derivatives. Client execution services include both voice and electronic execution, with trading operations in seventeen countries and dealing centers located in New York, London, Hong Kong, Singapore.

Key responsibilities for this role including:

  • Oversight on the official daily P&L explain,  P&L substantiation to market events, significant transaction review and its provision for VaR backtesting and other downstream
  • Monthly Independent Price verification on both Derivatives and securities positions. Have a basic understanding and knowledge of financial models,
  • Calculation of the Valuation adjustment – Validation of appropriate application and use of models for books & records.
  • Maintaining/updating valuation adjustment & IPV Desk Level Procedures (DLP)
  • Preparation monthly & quarterly revenue and balance sheet commentary to senior managers and regulators
  • Regulatory capital disclosures, Price Testing, Sector analysis, Stress Test and Forecasting.
  • Volcker/Capital related validation activities such as Volcker balance sheet review, validation of Volcker and Capital attributes for books to ensure compliance with enterprise guidelines
  • Partner with Trading Desk, Trade Support, Operations, ECM and other partners on business support including new product review, accounting assessment, issue resolution
  • Coordination of the monthly close process and quarterly financial reporting requirements
  • Working on initiatives to simplify/automate manual processes

Required Skills:

  • BS/BA Degree required (Finance, Accounting preferred)
  • Hands on experience of minimum 6+ years working in Product Control or Finance group. Global Markets experience required
  • Global Rates market knowledge – familiarity with a broad range of asset classes
  • Derivatives product and valuation knowledge – consisting of technical expertise of models used to reprice complex transactions
  • Advanced experience skills with Excel and complex spreadsheets
  • Control focused, analytical, team oriented, comfortable with complex products
  • Excellent organizational, communication, and relationship management skill
  • Proven analytical skills including data reconciliation and interpretation.
  • Ability to identify and deliver process improvements.
  • Good business partnering skills

Desired Skills:

  • Fixed income or derivative experience preferred
  • VP level candidate
  • Inquisitive, willing to challenge the status quo and strive to improve processes

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21071161

Band: H5

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Jeannie Jones-Pickering

Referral Bonus:

0

Street Address

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