Fixed Income - Profit and Loss - PnL - Analyst - Banking - Finance - Rates - FX - Exotics - Derivatives.

Fixed Income PnL Production Analyst required by large Investment Bank, based in London (FLEXIBLE OFFICE and HOME Working Model) to work within the Product Control area to produce and validate the daily PNL and PNL Explains for Exotic Trading Desks within ex-Fixed Income and be accountable for the delivery of the PNL for all sign-off groups within the PNL group belonging to the team.

In terms of the day-to-day aspects of the role these encompass:

• Overseeing the production of Associate members of the team providing the mandatory 4-eyes check on the figures delivered to Front Office, RISK and Finance where required
• Reviewing and challenging the PNL delivered by Associate members of the team.
• Running end of day Predict where relevant, and investigating discrepancies with the traders' predict and understand the economic reasons justifying the P/L (market moves, new deals, strategies etc.).
• Producing the official PNL figures, investigating the discrepancies with the expectations done the previous day and understand the economic reasons justifying the P/L (market moves, new deals, strategies etc.).
• Reviewing the PNL Explain in depth and correct wrong effect if no technical solution can be found to overturn the misallocation.

Skills/Knowledge Required:

• In-depth knowledge of instruments traded in Fixed Income (Rates, FX, Exotics, IR Derivatives as well as exposure to other asset classes
• Detailed theoretical knowledge of derivative pricing
• Working experience with PNL explains (Step Revaluation as well as Risk Based Explains) and strong knowledge and understanding of risk factors (the "Greeks")
• Ability to translate detailed knowledge and experience of specific processes into recommendations to improve team operating practices.
• Sound working knowledge and understanding of operational risk and permanent control framework.
• Ability to handle multiple tasks simultaneously and prioritise independently
• Strong focus on accuracy and attention to detail and able to review and improve work of more junior colleagues.
• Excellent written and oral English skills in order to articulate technical issues and to be able to take the complex and make simple to enable effective communication with the business
• Good Stakeholders management skills and ability to collaborate across teams
• Computer literacy and a good knowledge of standard computer software including Excel
• VBA and Python are a big plus

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