Job Description

We are AMS. We are a global total workforce solutions firm; we enable organisations to thrive in an age of constant change by building, re-shaping, and optimising workforces. Our Contingent Workforce Solutions (CWS) is one of our service offerings; we act as an extension of our clients\' recruitment team and provide professional interim and temporary resources.

Client/Role Overview:

Our investment banking client has been present in the UK for more than 150 years, they\'re a long-term partner to British business. Today, the Group is formed of 10 divisions and employs 9,300 staff based in 21 core locations right across the country. Their role is simply stated: help clients achieve their goals by combining local know-how and global reach. In so doing, they seek to make a positive, sustainable contribution to both the UK economy and society.

On behalf of this organisation, AMS are looking for a PnL Controls Analyst for an initial contract length of 12 months on a 50/50 hybrid basis at the London office near Marylebone Station.

Purpose of the Role:

The P&L Controls team operates out of several locations (e.g. London, Paris, Lisbon, Singapore, Hong Kong, Mumbai, Bangalore, New York and Sao Paulo). The team aims to validate on a daily basis the P&L figures and to explain them with market moves, related risks as well as the impacts of the new trades booked and the events impacting these trades (corporate actions, expiries, exercises, fixings, etc.)

In particular you will be working on improving the coverage and validation of Risk Based P&L in the context of FRTB.

Responsibilities of the role:

As a PnL Controls Analyst you will be responsible for:

• Deep analysis of Step Reval and Risk Based results as well as investigations of one-off and structural differences in order to identify and correct pain points (e.g. booking, market data, pricing, model, etc.) with the help of IT and Quantitative Research.
• Definition and creation of tools helping to identify and highlight errors affecting the Production of P&L Explains (IT or Quantitative Research) affecting the correlation between Official P&L and Risk-Based explain or reducing the level of Risk-Based P&L validation.
• Review and maintain Best Practices, procedures and user guides defining the list of controls which are expected to be followed in order to guarantee the accuracy of the P&L.
• Design tools to help decision making, identification of necessary corrections and actions to be triggered in order to deliver accurate figures in the Explain.
• Production of indicators allowing to follow the quality of the production, the reception and validation of P&L Explain results.
• Maintain regular contacts with P&L, IT and Quantitative Research in order to optimize exchanges and deliveries.
• Organise trainings whenever necessary.

What we require from the candidate:

• Experience working in some Front Office, Research, control or project function within an investment bank.
• Good understanding across asset classes traded in Global Markets.
• Good theoretical knowledge of derivative pricing.
• Working experience with PNL explains (Step Revaluation as well as Risk Based Explains) and good knowledge / understanding of risk factors (the "Greeks").
• Good written and oral communication skills.
• Expert level in Analysis, Development, Testing.
• Excellent Excel, VBA, Word and PowerPoint skills.
• Expert level in Python.

Next steps:

If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and we will contact you with an update in due course.

This client will only accept workers operating via an Umbrella or PAYE engagement model.

AMS, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business.

AMS