Position Purpose
As a key member of the Global Markets P&L; team, the Assistant Manager will support the Prime Brokerage business across Asia, Europe, and Recent York. This role focuses on the daily production and detailed "explanation" of P&L; for dedicated trading desks in New York. The successful candidate will act as a critical bridge between the Front Office and support functions (Risk, Finance, IT, and Trade Support), ensuring accurate revenue reporting, robust control environments, and deep understanding of P&L; drivers.
Responsibilities
P&L; Management & Attribution
• Daily/Monthly Revenue Control: Prepare and supervise monthly management revenues for the MBS desk, ensuring precise reconciliation with trader estimates and financial accounts.
• MBS P&L; Attribution: Perform detailed analysis of daily P&L;, providing breakdowns of key drivers, including interest rate sensitivity, credit spreads, and prepayment/extension risks.
• Reconciliation & Resolution: Reconcile P&L; to Front Office estimates and resolve PV (Present Value)
breaks between client/counterparty settlements and P&L; control estimates.
• Ledger Integrity: Resolve Back Office ledger vs. P&L; system cash breaks daily and ensure Month-to-Date (MTD) management P&Ls; align with final Month-End General Ledger totals.
Risk, Control & Compliance
• Pricing & Control: Ensure pricing configurations comply with trading strategies and internal controls; collaborate with Valuation & Risk Control (V&RC;) to maintain consistency.
• Risk Partnership: Work closely with Market Risk to validate MAP (Model Adjustment Provisions) and Reserves; evaluate and explain significant cash/PV movements that exceed established thresholds.
• Continuous Improvement: Actively participate in business development and process improvement initiatives to enhance control frameworks and operational efficiencies.
Project Leadership & Stakeholder Management
• Systems Deployment: Lead new system implementations, including requirement gathering, UAT