Fixed Income Product Controller

The Fixed Income business has expanded into CLO Warehousing and Securitization Business at Jefferies International Limited (JIL) covering the London based business.

In addition, the role will cover Structured Solutions which is traded out of London and Frankfurt. The product set includes, but not limited to, Structured Bonds / Loans, Cash Bonds, Repos, Interest Rate Derivatives, Inflation Swaps, CDS, Caps & Floors, Swaptions, NDF's and Futures (Currency, IR, Bond and Options).

The candidate will be required to understand the booking flow, substantiate day P&L, implement reserves and understand the associated pay off from the notes / derivatives.

The funding of these transaction is non-standard so the candidate will be required to amalgamate all elements of the deal.

Many of these structures are booked through SPV's and the candidate is required to account, eliminate, and consolidated these into the JIL entity.

There is direct interaction with the trading desk, business management, new business team and a range of Operation functions, such as Middle Office, Settlements and Corporate Actions.

The role offers a candidate the opportunity to be involved in an exciting and complex business area. It is imperative to build relationships with desk from day to understand these structures to articulate these to senior finance management.

Tracking these various deals through the trade lifecycle and building upon control environment will be crucial to success.

Key Responsibilities

The key responsibilities are :

Daily PL Production including :

• Day Review


• Flash v Actual Analysis


• Accounting for Fee Revenues and Expenses


• P&L Commentaries


• FOBO review


• Inventory Reporting


• T Reporting


• Clean P&L


Weekly Commentary analysis for Financial Reporting

Month End work including :

• Balance Sheet substantiation


• Reconciliation of reported P&L to ledger


• Review of and assistance in IPV process


• Management Packs for deals and associated P&L


• P&L and inventory movement commentaries


Additional responsibilities

• Active involvement in enhancements and development of process / system flows to ease automation of P&L production


• Ad hoc management reporting


• Assist in building out processes for new products sets or system implementation that may arise
  
  The following skills and experience are required for this role :


• Prior Experience in Structured Products.


• Qualified Accountant.


• Knowledge of reserving methodologies / valuation adjustments.


• Able to work autonomously.


• Uses initiative to identify issues and implement solutions.


• Advanced excel knowledge.


• Strong team player.


• Ability to train and upskill the wider team.


• Able to prioritise workload to achieve daily targets.


• Able to multitask to answer desk and management requests on a timely basis.


• Be proud of the work he / she produces and not turn a blind eye to problems.


• Ability to automate and rationalise processes as necessary.