As part of the expansion of the Product Control function within Renaissance Capital, an opportunity has arisen for an enthusiastic and capable professional to join the Product Control team to further build and develop the function in Equity products
Renaissance Capital
MAIN RESPONSIBILITIES:
ownership of the P&L and balance sheet production process and integrity of the reported numbers for all major cash equity vanilla and derivative products, in particular:
calculation of the daily and monthly P&L numbers for all traded products
verification of reported P&L numbers, including detailed daily price testing
reconciliation of reported B/S and P&L figures to general ledgers/IFRS reports
calculation and reporting of adjustments and KRI s
explanation of daily P&L through P&L commentaries for the business enabling informed decision taking
work with other BSG departments to ensure the smooth roll out of new businesses across the globe
serve as a point of contact for the business to discuss P&L and B/S results, valuation, reserving, price testing and other issues
involvement in review and approval of new products/ structured transactions from the product control perspective
involvement in IT projects with a view to streamlining existing processes and improving efficiencies across the group and other ad hoc responsibilities.
TECHNICAL KNOWLEDGE / QUALIFICATIONS REQUIRED:
ESSENTIAL
Graduate from the top technical or finance universities
Good academics is a must
Strong mathematical background
Strong analytical skills
Basic equity or fixed income derivative and non-derivative product knowledge,
Understanding of investment banking and trading business
If not qualified, must be committed to studying towards a professional accountancy qualification (ACMA, ACA, ACCA)
PREFERED
ACCA/CIMA/ACA qualified
Understanding of the front-to-back P&L and balance sheet reporting process
Understanding of IFRS desirable
LIKELY / NECESSARY EXPERIENTIAL BACKGROUND:
3 years experience in either an investment banking or accountancy
Fluent English is essential
Excel spread sheet skills
In exceptional circumstance we would consider talented individuals without prior professional experience, but with top educational background