Job expired!
Company Description
For more than 20 years, Talan has been providing advice to businesses and administrations, assisting them and executing their transformation projects in the UK and internationally. With a presence on four continents and a staff of 5000 consultants, our aim is to reach a billion in revenue by the end of 2024.
Job Description
Purpose of your role:
- Enhance the coverage and the validation of the Risk-Based P&L Explain in the context of FRTB.
- Design and implement automated tools to analyze issues affecting Risk-Based P&L Explain Validation.
- Identify a list of priority issues affecting the Risk-Based P&L Explain validation and coordinate with IT for resolution.
Your key responsibilities:
- Thorough analysis of Step Reval and Risk Based results as well as investigations of single and structural differences to identify and rectify pain points (e.g. booking, market data, pricing, model, etc.) with the assistance of IT and Quantitative Research;
- Definition and creation of tools aiding in the identification and highlighting of errors affecting the Production of P&L Explains (IT or Quantitative Research) impacting 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 outlining the list of controls expected to be adhered to ensure the accuracy of the P&L;
- Develop tools to assist in decision making, recognition of necessary corrections and triggering actions to deliver accurate figures in the Explain;
- Production of indicators permitting the monitoring of the quality of the production, receipt, and validation of P&L Explain results;
- Maintain regular interaction with P&L, IT and Quantitative Research to optimize exchanges and deliveries;
- Organize trainings when necessary.
Qualifications
Qualifications:
- Experience working in a Front Office, Research, control or project function within an investment bank
- Master level in Engineering, Mathematics, Physics or financial markets
- A 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 a good knowledge / understanding of risk factors (the “Greeks”)
- Good written and oral communication skills
- Expert level in Analysis, Development, Testing
- Excellent skills in Excel, VBA, Word, and PowerPoint
- Expert level in Python
- Fluent in English
Skills:
We are also looking for an individual who will be able to prosper in a complex working environment. Specifically, the individual should possess the following personal characteristics:
- Hardworking and result oriented
- Quick learner with the ability to grasp new concepts
- Comfortable working in a matrix reporting environment
- Ability to deliver quality work under time pressure
- Comfortable communicating with senior managers
- Quick learner with the ability to grasp new concepts
- Aims to add value in all tasks performed
Offer suggestions for process improvements.
Additional Information
- Central London: hybrid position
- Right to work in the UK (no Sponsorship provided)
