Quanteam Group is a Business Consultancy specialising in the Financial industry, in London, Paris, Brussels, New York and North Africa.
Since 2007, our 650 consultants provide their expertise to major clients (Corporate & Investment Banks, Asset managers, Hedge Funds, Brokers and Insurance Companies) in several projects such as Financial Engineering, Quantitative research, Regulatory implementation, IT transformation & Innovation.
The firm mainly takes part in:
Business consulting: Quantitative research, Risk management (Market risk, credit risk, counterparty risk...), Banking regulations (Basel III, Solvency II, FATCA, EMIR, MiFID...), Pricing & valuation, organisational transformation & process improvement...
IT & Information systems consulting: Business Analysis, Project Management, Change management, Front Office support (functional and technical), Development (C++, Python, C#, Java, VBA...), Financial softwares (Sophis, Murex, Summit, Calypso...), IT transformation & innovation...
As part of Quanteam Group, Quanteam UK (incorporated in 2010) counts more than 70 consultants, delivering our expertise to major capital markets players in London.
On the Global Markets and ALMT perimeters and on a global basis, the Product Control function:
Is responsible to ensure that trade representation is in line with internal reference during all the lifecycle of the products.
In accordance with the Charter of Responsibility on Valuation defined within the Group, Product Control is responsible for the accuracy of the economic result calculation for the Business, Risk and Finance departments. To do so, the team is in charge of P&L production and analysis, performance reporting to management, and controls on Valuation in cooperation with Group Risk Management and Finance.
Contributes to the Monthly FACT reporting to Finance, ensuring proper controls have been performed and guarantee the accuracy of the P&Ls.
Acts as a second level control function for the benefit of Heads of GBLs and ALMT to monitor that trading activity is conducted within a specified framework.
Acts as a second level control function on trading contribution to market indices for the benefit of Heads of GBLs and ALMT, OPC and Compliance.
Is part of the control framework for valuations ("Independent Price Verification" process) and Anti-Fraud. As a consequence, Product control is the point of contact for operations on valuation, risk or trader mandates related issues.
Contributes to the projects related to Finance or regulatory requirements.
Contributes to some transversal projects related to their mandate (WW Program Blue, FBL/Volker Rule implementation....), and other one-off related analysis as necessary.
Sponsors the main transversal projects related to their mandate (e.g. XTarget, FORMA, FEBUS....).
This project falls within the GMO Credit / Compressions & Clearing Trade Support.
Credit Flow products
The trade support ensures that Credit Flow transactions registered in the books under CIB ITO's mandate match the commitment taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or the contractual agreements. The main covered processes for these transactions include booking, validation, transaction event related follow-up validation through a secure framework.
The trade support is accountable for:
Transaction events follow-up and validation during the whole lifecycle of the deal;
Applying and respect the A/C CIB Policy;
Implementing the relevant controls ensuring the accuracy of the transactions on the official books & records systems;
Credit Structured products
Product Control ensures the "Trade support" functions in terms of trade capture (or amend/cancel) and trade validation where the process cannot be considered as flow and product oriented for Exotic products.
Coordinates operations and other functions in the set-up of new complex montage and during their lifecycle in order to ensure :
Proper settlement of the operations vis a vis the client
Proper calculation of the economic P&L
Compliance with accounting rules
Proper production of the accounting in relation with Finance
Ensures the booking validation of exotic products (booked with FOCUS FLEX) vs Term sheet, legal or similar documentation at inception and during their lifecycle:
Accountable for the independent validation of the booking at deal inception, or during the lifecycle. (Except in some cases where no "template" or pre-defined guidelines exist, GRM is responsible for this validation)
Responsible for amendments (where the application of the amend/cancel policy defines that operations are in charge of it) and for getting FO validation. Amendments can be due to trade life cycle or to error corrections.
In particular accountable for the control of the valuation models used for exotic products, per guidelines validated with the business and GRM.
Credit trade support responsibilities
Management of flow of new trades and amendments from Front Office system (FOCUS) to Back Office system (Murex), manually booking and amending in Murex where necessary.
Reconciliation between Front Office systems and Back Office system, checking Present Value are in line.
Working with Middle Office P&L and confirmations teams to reduce operational risk and maintain highest levels of support for each portfolio.
Build and maintain good working relationships with other internal clients such as legal, marketers, trading & back office.
Ensure accurate and timely processing of rebooking initiatives/migrations
Oversee all reconciliations and reports in the area and investigations are completed on a timely basis.
Dealing with queries from back-office, marketers and clients, relating to booking discrepancies.
Provide cover for other members of the Trade Support team when necessary, ability to flex between teams depending on daily volume and demand.
Management of Options
Contribute to the implementation of new system functionalities and raise IT requirements for bug fixing or system enhancements when possible.
Participate in Transversal projects.
Assist in the co-ordination of Credit and Succession events, liaising with both internal and external stakeholders as required.
Skills and qualifications
Positive and dynamic attitude to complying with deadlines and objectives.
High degree of interest in product and process issues affecting the department.
Effective time management and ability to prioritise workload and escalate issues to management.
Have strong interpersonal / communication skills.
The candidate must display a very professional attitude and be willing to work long hours if the workload is high.
Credit flow & structured knowledge
Internal Number: 5113161
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