Differential Discounting Product Control – Vice President
On-site · London, England, United Kingdom
Job Summary
Lead the differential discounting product control function for collateral-specific discounting in a global markets business; own daily and month-end P&L reconciliation; produce key business and risk metrics including VaR inputs; validate end-to-end trade data integrity across systems; advise on accounting, regulatory, and booking treatments; develop and coach a high-performing team; partner with trading, risk, operations, and technology; strong GAAP knowledge, advanced Excel, experience with front-office to GL reconciliations; knowledge of Python/SQL preferred.
Required Qualifications
- Extensive relevant experience in product control, financial control, or markets finance within a trading business
- Experience leading or mentoring team members with demonstrated ability to influence senior stakeholders
- Deep knowledge of interest rate derivatives and discounting concepts, including forwards, swaps, basis, and collateral-driven discounting
- Strong accounting proficiency and working knowledge of GAAP for the United States and United Kingdom
- Advanced Excel skills for analysis and controls (formulas, lookups, pivots) with ability to automate using macros or willingness to learn
- Experience reconciling profit and loss and balance sheet from front office systems to the general ledger with clear variance explanations
- Familiarity with market risk concepts and measures, including governance of Value at Risk inputs and controls
- Demonstrated strength in internal controls, risk assessment, and issue remediation across the trade lifecycle
- Bachelor’s degree or equivalent practical experience in finance, accounting, economics, engineering, or a quantitative field
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