For more than 20 years, Talan has been advising companies and administrations, supporting them and implementing their transformation projects in the UK and abroad. With a presence on four continents and a headcount of 5000 consultants, our ambition is to reach the billion turnover by the end of 2024.

Purpose of your role: 

• Improve the coverage and the validation of the Risk-Based P&L Explain in the context of FRTB.
• Define and implement automated tools to analyse issues impacting Risk-Based P&L Explain Validation.
• Identify a list of priority issues impacting the Risk-Based P&L Explain validation and liaise with IT for resolution.

Your key responsibilities: 

• Deep analysis of Step Reval and Risk Based results as well as investigations of one-off and structural differences in order to identify and correct pain points (e.g. booking, market data, pricing, model, etc.) with the help of IT and Quantitative Research;
• Definition and creation of tools helping to identify and highlight errors affecting the Production of P&L Explains (IT or Quantitative Research) affecting the correlation between Official P&L and Risk-Based explain or reducing the level of Risk-Based P&L validation;
• Review and maintain Best Practices, procedures and user guides defining the list of controls which are expected to be followed in order to guarantee the accuracy of the P&L;
• Design tools to help decision making, identification of necessary corrections and actions to be triggered in order to deliver accurate figures in the Explain;
• Production of indicators allowing to follow the quality of the production, the reception and validation of P&L Explain results;
• Maintain regular contacts with P&L, IT and Quantitative Research in order to optimize exchanges and deliveries;
• Organise trainings whenever necessary.

Qualifications: 

• Experience working in some Front Office, Research, control or project function within an investment bank
• Master level in Engineering, Mathematics, Physics or financial markets
• Good understanding across asset classes traded in Global Markets
• Good theoretical knowledge of derivative pricing
• Working experience with PNL explains (Step Revaluation as well as Risk Based Explains) and good knowledge / understanding of risk factors (the “Greeks”)
• Good written and oral communication skills
• Expert level in Analysis, Development, Testing
• Excellent Excel, VBA, Word and PowerPoint skills
• Expert level in Python
• Fluent in English

Skills:

We are also looking for an individual who will be able to succeed in a complex working environment. Specifically the individual should possess the following personal characteristics:

• Hard worker and result orientated
• Be a quick learner with the ability to grasp new concepts
• Comfortable working in a matrix reporting environment
• Ability to deliver quality work under time pressure
• Comfortable communicating with senior managers
• Be a quick learner with the ability to grasp new concepts
• Look to add value in all tasks performed

Be able to suggest process improvements.

• Central London: hybrid position
• Right to work in the UK (no Sponsorship provided)