Scotiabank Product Control - Energy and Agricultural Commodities in New York, New York

Product Control - Energy and Agricultural Commodities

Job ID 78526 Date 06/08/2017

New York, New York

Join the Global Community of Scotiabankers to help customers become financially better off.

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Scotiabank helps to build bright futures worldwide through ethical banking practices, environmental awareness and a commitment to communities.

The Product Control Team (PC) is part of the Global Banking and Markets Finance Group. Its primary functions relate to the front to back financial control of Capital Markets Trading business lines including the accurate and timely reporting of trading P&L and balance sheet items as well as the independent valuation of trading positions.

We currently have an opening for a Product Controller for Energy and Agricultural Commodities in our New York office. Prior commodity experience in a Product Control environment is required.

Key accountabilities for this role are to:

  1. Work closely with front office trading personnel in producing daily, weekly and monthly P&L results and analysis.

  2. Investigate and resolve P&L discrepancies arising from incorrect booking of trades, missing deals, system errors, or valuation issues.

  3. Independently validate trading position valuations and calculate required reserves.

  4. Generate ad-hoc reports to satisfy various financial and regulatory reporting requirements.

  5. Complete the month end close process for balance sheet reconciliation and substantiation.

  6. Ensure compliance with internal and external audits

  7. Driving process and system improvements through leading and participating in various project initiatives

  8. Continue developing and improving the Internal Control environment through critical evaluation of current controls and processes and utilization of best practice.

QUALIFICATIONS:

  1. Minimum of 5 years experience working with Energy Commodities including derivatives and physical.

  2. Knowledge of non-vanilla trading portfolios that include options, swaptions, cross currency products and physical commodity structures.

  3. Knowledge of greek sensitivities and risk based p&l attribution.

  4. Understanding of accounting for derivative products and balance sheet treatment.

  5. Ability to develop and maintain constructive professional relationships with the Front Office and other support/control groups.

  6. Strong Excel skills required. VBA/programming skills would be a plus.

EDUCATION AND ACCREDITATIONS:

B.S. in a quantitative/technical/finance degree. Degrees in other disciplines will be considered provided there is relevant experience in a trading environment dealing with non-linear portfolios.

Scotiabank is committed to providing an inclusive and accessible candidate experience. Only those candidates selected for an interview will be contacted. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to meet your needs.