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Assistant Vice President - Fixed Income & Derivatives P&L Controller


Standard / Permanent


US-NY-New York

Job function




Business Overview:
The G10 Rates business has a substantial trading presence in London, New York, and Asia. This position is for a P&L controller supporting and controlling various desks for the G10 Rates activity in New York. The selected candidate will be part of the Global Markets P/L team which produces daily P/Ls and Explains for dedicated trading desks.
The individual will be required to establish effective working relationships with both Front Office and other areas of support. (e.g. Market Risk, Finance & IT) - allowing for an integrated and proactive approach to the business’ requirements, understanding the lifecycles of the products traded and the systems and reporting mechanisms required to enable full control and accurate and appropriate information to be supplied. 
Detailed specific responsibilities include:
  • Reconciliation of Middle Office estimate to Official P&L
  • Production of a MO estimate and reconciliation to the trader’s estimate after the close
  • Daily P&L Attribution (delta, vega, theta, intra-day)
  • Working with Trade Support and Front Office to resolve operational and booking issues, as well as, Front Office, Finance, and Market Risk to finalize month-end P&L
  • Discussing and reviewing trading P&L’s with management
  • Ensuing that all appropriate controls and processes are executed and well documented
  • Contributing to ongoing process and control improvements/efficiencies
  • Interacting with other departments including Finance, Middle and Back-Offices, Market Risk, Audit, Sales, Structuring, and IT.
  • Close liaison with the trading floor to ensure the timely and efficient resolution of trader queries.
  • Liaise with other Operation functions and other infrastructure groups to support a ‘one team approach’.
  • Resolve all issues / conflicts in a timely and customer orientated fashion
  • Adhere to deadlines and objectives


  • Clear and concise communication with all teams to ensure the timely and efficient dissemination of information and the resolution of queries arising, including escalation of issues to the team manager.
  • Gather information from a broad range of sources and disseminate appropriately.
  • Maintain and explain own position using logic in the light of differing views. 

Applicable to all:

  • Ensure the business area conducts its activity in accordance with all relevant external regulators and internal policies.

  • Prior experience (2 yrs. +) in a P&L Control, Financial Control, or Middle Office environment
  • Significant Daily P&L production experience a plus
  • Strong academic background required. (Undergraduate Business or Math degree
  • Graduate degree is a plus
  • Strong interpersonal and communication skills a must
  • Excellent knowledge of financial markets with emphasis on Fixed Income.
  • Must have understanding of following products: Interest Rate Swaps, FRAs, Caps/Floors, Swaptions, Treasuries, Repos, Futures, and MBS.
  • Must be proficient in Excel; VBA knowledge is a plus.
The successful candidate will need to demonstrate the following:
  • A strong desire to learn the processes and products
  • A spirit of continuous improvement
  • Knowledge of the Greeks
  • Ability to:
  • Work in a fast paced environment
  • Consistently meet deadlines
  • Attention to detail and accuracy
  • Have an ‘can-do’ approach to enhance relationships
FINRA Registration:
  • Not Applicable