Senior BFC Product Associate - Equity Derivatives Client Solutions - job id 33221

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Senior BFC Product Associate - Equity Derivatives Client Solutions

$140,000 F/T Employee

Midtown or Downtown

How to Apply


George Konetsky


(646) 876-9562


(212) 616-4800 ext-180

A F/T position at a major U.S. financial institution.

Pay Options: F/T Employee.

Contact George Konetsky. call (646)876-9562 / (212)616-4800 ext.180 or email with the Job Code GK33221 or Click the Apply Now button ().

Location: Financial District.


Optional (not required):ESSBASE

Detailed Info:

Business Analyst, strong on Equities, Derivatives and Pricing knowledge, to lead and collaborate with the desk and other business partners, impose structure on complex issues and focus on delivering solutions in line with the long term strategic goals of the bank.

An emphasis will be placed on extensive product knowledge as it relates to independent price testing of our derivative portfolio.

More detailed characteristics you will be expected to display are described below:


  • Daily P&L & Balance Sheet Oversight

  • Complex derivative price testing (Call spreads, cliquets, vol/var swaps)

  • Production and/or review of official daily P&L explain and its provision for VaR backtesting

  • Responsibility for daily management adjustments to P&L

  • Daily P&L reporting to local and regional management

  • Review of material new deals

  • Review and approval of changes to valuation adjustments & reserves

  • Appropriately manages and mitigates operational risk

Development/Computing Environment:

Required Skills:

  • Bachelor Degree in Accounting/Finance

  • Product experience - Equity Derivatives specific

  • Understanding of the Greeks

  • Experience with complex derivative price testing (Cliquets and other Exotic structures)

  • 3-6 years of equity derivative product control

  • Strong financial analytics experience

  • Advanced experience/skills with Excel and complex spreadsheets

  • Candidate must be able to work both independently and as team member

  • Strong communication and presentation skills

  • Strong problem solving and analytical abilities (Excel/Essbase)

Desired Skills

  • CPA/CFA, or other advanced certification

  • Experience with Bloomberg, or Hyperion/Essbase/SAP

  • Insight/Essbase experience

  • Control focused, analytical, team oriented, comfortable with complex products.

The position offers competitive compensation package.

Job Id: 33221