Equity Derivative Product Control Associate

London, United Kingdom
14 Sep 2022
14 Oct 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Jefferies Group LLC, the largest independent, global, full-service investment banking and capital markets firm headquartered in the U.S. focused on serving clients for 60 years, is a leader in providing insight, expertise and execution to investors, companies and governments. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia. Jefferies Group LLC is a wholly owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.

This role is for an Associate within the Equities Product Control team at Jefferies International Limited (JIL) mainly covering the European-based businesses.

Products covered includes, but not limited to, Cash Equities, Convertible Bonds, SBL, Exchange and OTC derivatives (Options, futures, forwards, swaps) as well as more structure trades.

The key responsibilities are:
  • Daily P&L Production including
  • Flash v Actual Analysis
  • P&L Explain
  • Formal P&L production
  • FOBO review
  • Daily Inventory Reporting
  • Clean PL Reporting
  • T0 Reporting

Month End work including
  • Balance Sheet substantiation
  • Reconciliation of reported P&L to ledger
  • Assistance in IPV process
  • Analytical Review & Commentary (P&L and BS)
  • Month end reporting packs

Additional responsibilities
  • Improve and challenge existing controls and processes
  • Involvement in new business
  • Business analysis on project work

The following skills and experience are required for this role:
  • Part Qualified Accountant
  • Prior Product Control Experience (in any asset class)
  • Strong Excel knowledge
  • High attention to detail
  • Take ownership of the work and have a control mindset
  • Team player
  • Able to prioritise workload to achieve daily targets and longer-term targets
  • Ability to automate and rationalise process as necessary
  • Build strong relationships with front office, middle office, and Risk

At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is an equal employment opportunity employer. We practice equal opportunity for all, and all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations to individuals with qualified disabilities, as appropriate, under applicable law.

It is currently Jefferies' policy that in order to enter any Jefferies office or participate in any Jefferies or client event in person, all employees be fully vaccinated and with a booster against COVID-19, or if they are not fully vaccinated with a booster, then on the morning of each day, all employees must test negative for COVID-19. Your acceptance of an offer means that you will comply with this policy and any amendments. You will be advised by your manager of your anticipated schedule to be in the office.

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