Job Description
Main Responsibilities
• Ensure timely and accurate reporting of daily PnL and related analysis daily
• Reconcile finance PnL to risk attributed PnL and front office estimates, and understand and resolve any material differences identified
• Ensure that the daily PnL is accurately reported to the front office and reconciled between finance ledger and management reporting tools
• Provide daily commentary on PnL movements and variance investigation to front office and finance management
• Ensure that internal financial controls over PnL are adhered to
• Distribute PnL reports to front office, market risk and finance management daily
• Liaise with operations teams to resolve any settlement issues
• Liaise with platform support teams to resolve any source system issues
• Submit PnL to front office daily for approval
• Compile emails containing PnL reports and associated commentary for distribution to Markets Exco according to deadline
• Ensure that the relevant PnL and Balance sheet positions are correctly reported at month-end, that the applicable reconciliations have been completed and all issues have been identified/resolved
• Provide advice to the business on the PnL impact of trades and the interaction of the trading and finance systems, especially regarding proposed new trades
• Ensure that applicable accounting standards are adhered to regarding PnL reporting
• Provide PnL data and commentary to the market risk governance team for regulatory reporting
• Assist the UK Finance team and Head of Product Control on ad hoc tasks and projects as required • Ad hoc cover and support for the daily PnL production for other team members as necessary
• Drive enhancements to PnL controls and production processes
• Maintain process documentation to provide assurance that all policies and procedures are being adhered to
• Ensure that the weekly metrics are updated (late or missing submissions, PnL rejections, adjustment explanations).