Sr Analyst, Product Control, Hedge Fund Services

$80,000 yearly
  • The Resume Review - Recruiting Department
  • Chicago, IL, USA
  • Jul 16, 2021
Full time Consultant

Job Description

Job Description: Product Control – Valuations, Hedge Fund Services
Summary:  
This company is one of the world’s leading financial institutions. We specialize in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.

This company's Hedge Fund Services offers world-class, scalable technology and dedicated expertise to serve hedge funds and large institutional investors with complex portfolios and product types. The business provides comprehensive middle office and administration services, including trade processing, asset servicing, valuation and profit and loss reporting, cash and collateral management, reconciliations, accounting and NAV calculations and investor servicing and reporting.
 
Role:
In this role, the individual will be the main point of contact for the client on all things related to understanding their trading profit & loss and how their valuations have been sourced. The Product Control function within HFS is responsible for valuation, daily and monthly P&L reporting, end of month pricing substantiation and end of day positional risk reporting.  In addition, the Product Controller will work with internal partner areas to ensure all required processes have been performed to verify the valuation accuracy of the client’s portfolio.  Role requires communication with internal and external stakeholders on various levels;  most often our primary contact with our clients is their Controller or CFO. 
Major Duties:

  • Managing daily P&L process for one or more client trading desks
  • Daily review of Quality Control (QC) checks
  • Working with trading desk(s) on P&L differences/inquiries
  • Working with offshore Product Control Team (India) on QC process
  • Delivering a final daily (and month-end) P&L statement to the client
  • Understanding and explaining the key drivers behind the P&L movements
  • Preparing/Managing monthly (or more frequently as required) price verification process and associated reporting
  • Updating and maintaining pricing policy for each financial type that is included in the consultant’s P&L reporting
  • Ad/hoc projects to meet and enhance client deliverables – this often requires research and work with valuation vendors, internal market data or IT teams.

Qualifications: Knowledge / Skills:

  • Knowledge of cash and derivative products across various markets
  • Knowledge of pricing and valuation
  • Knowledge of profit and loss reporting and related attribution analysis
  • Highly proficient in Excel and able to analyze large sets of data quickly; VBA/macro skills preferred.  Excel skills are critical to this role, please consider proficiency level when applying.
  • Highly detail oriented with sense of ownership of his/her work.  
  • Ability to work well with other teams to assure end client reporting is timely and accurate;  this will often require working outside typical 8am – 6pm hours.

Experience:

  • 1+ years relevant industry experience minimum
  • Client service experience
  • Undergraduate degree in Finance/Accounting is preferable