VP Equity Derivatives Product Controller

Posted 14 September 2022
Salary £80000 - £90000 per annum
LocationCity of London
Job type Permanent
Contact NameNefino Joannides

Job description

A large Investment banking client of ours is looking for a VP Equity Derivatives Product Controller to join their London based team. The role will be for EMEA & AMRS Equity Derivatives, Financial Management & Strategy Team and the role involves the management and oversight of a team for the execution of key finance deliverables detailed below.


  • Lead, review and challenge team in Daily P&L & Balance Sheet - Reporting & Oversight.
  • Preparation of daily P&L commentary and substantiation based on market events.
  • Calculation of valuation adjustments & reserves, with responsibility over corresponding substantiation and commentary.
  • Core Financial Oversight Functions.
  • Independent price verification analysis and reporting (daily, weekly, monthly).
  • Weekly, Monthly & Quarterly revenue commentary.
  • Maintaining valuation adjustment & reserve calculations such that they're in-line with current policies.
  • Balance sheet analysis (capital, liquidity, exposures etc.) including inventory aging, and reporting (Managerial and Regulatory).
  • Determining and implementing appropriate accounting policies & procedures (with Accounting Policy).
  • Month end close, including Financial Disclosures and calculation / recording of netting entries.
  • Provision of financial expertise in the design, build, testing, and implementation of new Technology Platforms and Systems.
  • Act as key member and advisor to Line of Business Senior Management team, providing decision support analysis and advice on the optimisation of business activities with regards to accounting rules, regulatory issues, and legal entity structures.
  • Development and analysis of key performance metrics.
  • Participation in the formulation of business strategy; plans; budgets; and forecasts.
  • Provide regular updates, analytics, and commentary online of Business performance.
  • Manage the expense approval process for both deal-related and organisational expenses; provide expense analytics and assist the business with recovering deal-related expenses.
  • Provide regular updates, analytics, and commentary on the externally disclosed quarterly performance.

The Equity Derivatives Business, Finance Analysis team is comprised of 20 dedicated professionals, with associates based in both London and another UK office.

The primary function of the Equity Business, Finance Management & Strategy team is to provide control & business advisory guidance. Key business partners are the Trading Desk, Global Valuation Group, Credit & Market risk, Regulatory Reporting and the RWA team. The Equity Business, Finance Management & Strategy team supports the Equity Trading Desk. This role is to support the Equity Client Solutions business, which makes secondary markets in European equity derivatives (Single Stock and Index Options, Emerging Markets, Exotics products, Fund Derivatives and Corporate Derivatives).

Key skills:

  • Degree educated or equivalent
  • Qualified CFA or Accountant (ACA, ACCA, CIMA or equivalent)
  • Previous product control banking experience
  • Good working knowledge of accounting concepts
  • Good understanding of Product Control and IPV function
  • Knowledge of Derivative Exotic products

Inventum is passionate about equity, diversity, and inclusion. We seek individuals from the widest talent pool and encourage diverse and underrepresented talent to apply for vacancies with us. Inventum is committed to ensuring our recruitment processes are fair to all applicants, regardless of background and personal characteristics.

Inventum Group is acting as an Employment Agency in relation to this vacancy.