Job Description

The Fixed Income business has seen recent expansion into Structured Products and the role will report to the Head of Intl Fixed Income Product Control.

The role will cover Structured Solutions, Intl Credit Solutions and a newly established CLO Warehousing and Securitization Business at Jefferies International Limited (JIL) covering the London based businesses. The product set includes, but not limited to, 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 1 P&L, implement reserves and understand the associated pay off from the notes/derivatives. Many of these structures are booked through SPV’s and the candidate is required to account, eliminate and consolidated these into the JIL entity.

Initially the role will be standalone but with the opportunity to build a team as the business grows.

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 a new business area from inception including the day to day reporting, analysis of trading activity, reporting across multiple periods and ongoing process improvements. Continually assessing and building upon control environment will be crucial to success.

Key Responsibilities

The key responsibilities are:

Daily PL Production including:

• Day 1 Review
• Flash v Actual Analysis
• P&L Commentaries
• FOBO review
• Inventory Reporting
• T0 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
• 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

Required Knowledge, Skills, and Abilities

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 Able to prioritise workload to achieve daily targets Be proud of the work he/she produces and not turn a “blind eye” to problems Ability to automate and rationalise processes as necessary