What are the responsibilities and job description for the Director, Equity Derivatives Product Control position at Atlas Search?
A leading global investment bank is seeking a Director-level professional to lead Product Control coverage for the Equity Derivatives business. This role will serve as a senior finance partner to the trading desk, risk management, valuation control, and senior management, with responsibility for ensuring accurate P&L reporting, robust valuation governance, and strong control oversight across a broad range of equity derivative products.
The ideal candidate brings deep knowledge of equity derivatives valuation and market risk, strong leadership capabilities, and the ability to operate effectively in a fast-paced front-office environment.
Key Responsibilities
Product Control & P&L Oversight
- Lead daily Product Control activities for Equity Derivatives trading desks, including P&L production, attribution, and analysis.
- Review and validate daily, monthly, and quarterly P&L across flow and exotics businesses, ensuring accuracy and completeness.
- Analyze and explain key P&L drivers, including Greeks, market movements, new trades, reserves, and valuation adjustments.
- Oversee balance sheet substantiation and ensure compliance with internal accounting and regulatory standards.
Valuation Control & IPV
- Manage Independent Price Verification (IPV) processes for equity derivatives, including vanilla options, structured products, variance swaps, correlation products, and hybrid instruments.
- Evaluate model assumptions, valuation methodologies, liquidity reserves, bid-offer adjustments, and prudent valuation frameworks.
- Partner with Valuation Control, Quantitative Analytics, and Market Risk teams to enhance pricing methodologies and control frameworks.
- Ensure appropriate governance around fair value hierarchy classifications and valuation adjustments.
Risk & Governance
- Strengthen control frameworks related to market risk, valuation uncertainty, and financial reporting.
- Drive governance initiatives supporting regulatory expectations, audit requirements, and internal policy compliance.
- Escalate material valuation or control issues to senior management in a timely manner.
- Coordinate responses for internal audit, external audit, and regulatory examinations.
Business Partnership
- Act as a trusted advisor to Front Office trading and structuring teams on valuation, P&L, and balance sheet impacts.
- Support new product approvals, strategic initiatives, and system implementation projects.
- Provide financial analysis and insight to senior management regarding business performance and risk exposures.
- Collaborate with technology teams to automate controls, improve reporting infrastructure, and enhance data quality.
Leadership & Team Management
- Lead and mentor a team of Product Controllers across Equity Derivatives coverage areas.
- Foster a strong risk and control culture while promoting operational excellence and continuous improvement.
- Drive talent development, performance management, and succession planning within the team.