Duration: Up until 28 February 2027 (Possibility for extension)
Location: London/Hybrid (3 days per week on site)
Rate: A highly competitive Umbrella Day Rate is available for suitable candidates
Role Profile
This P&L Reporting role sits within the Product Control team and includes many responsibilities which overlap with the functions of the Financial Control team.
It is an important role in the Finance department as the principle face off to the Front Office traders for the daily P&L reporting of the Product Group which includes P&L reporting and financial control of multiple desks.
Key Accountabilities:
Daily P&L reporting for all products and services of the derivatives trading business , with focus on IRS, CCS and RPI Trades
Daily reporting of XVA, marketing and remote booked PnL. Agree sign off with relevant desks
Embed and understand enhanced PnL attribution reporting
Own and enhance IPV process and reporting
Drive to understand and resolve root causes of issues identified in core activity
Weekly reporting of DP Ltd, a separate guarantee entity
Enhance control framework and drive process change
Generate and post GL journal entries for daily and month end close and cash breaks clearance
Balance Sheet substantiation of GL balances
Ensuring accurate classification of balances on the P&L account and Balance Sheet (e.g., third party and related party classification and reporting)
Ensuring GL revenue balances agree to management and daily revenue reports
Assist with Month, Quarter close processes and related reporting
P&L commentary for derivatives business
Develop subject-matter expertise to collaborate in bank-wide transformation initiatives
Skills & Experience:
Advanced knowledge and understanding of the securities business
Understand differences between trade date/value date accounting and ideally a working knowledge of IFRS / JGAAP accounting differences
Ability to understand end-to-end operating model and accounting process flows & implications
Controls-first mindset, being the guardian of integrity of core financials and enhancing the control environment
Knowledge of CVA, DVA and FVA. How they are calculated and factors that can influence their daily valuation
Microsoft Excel to a very high level (e.g., macros, pivots, efficient data manipulation / processing, reconciliations)
Managing self and others to pro-actively work through issues and coach and collaborate with other team members
Ability to communicate and present technical / complex matters in an effective way to various audiences
Candidates will need to show evidence of the above in their CV in order to be considered.
If you feel you have the skills and experience and want to hear more about this role 'apply now' to declare your interest in this opportunity with our client. Your application will be observed by our dedicated team.
We will respond to all successful applicants ASAP however, please be advised that we will always look to contact you further from this time should we need further applicants or if other opportunities arise relevant to your skillset.
Pontoon is an employment consultancy. We put expertise, energy, and enthusiasm into improving everyone's chance of being part of the workplace. We respect and appreciate people of all ethnicities, generations, religious beliefs, sexual orientations, gender identities, and more. We do this by showcasing their talents, skills, and unique experience in an inclusive environment that helps them thrive.
As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.
We use generative AI tools to support our candidate screening process. This helps us ensure a fair, consistent, and efficient experience for all applicants. Rest assured, all final decisions are made by our hiring team, and your application will be reviewed with care and attention
Salary description
£550.00 - £700.00 per day