Responsibilities include
- Owning the intraday pricing, valuation and P&L reporting processes
- Ensuring accuracy of market data feeds including building/specification of controls to highlight outliers and spikes
- Perform independent price verification for listed & OTC instruments using market data, broker quotes, curves, and models
- Escalation of valuation discrepancies
- Liaise with Portfolio Managers, Trader Assistants and Operations on trade amendments, life-cycle events, and corporate actions that affect intraday valuations
- Input into set up and build of curves and surfaces – vendor, instruments used etc
- Support new products onboarding and relevant market data feeds
- Collaborating with T+1 P&L and Valuation team to ensure accurate adjustments and subsequent T+1 P&L reporting
- KPI tracking – accuracy of intraday P&L, reduction in T+1 manual adjustments etc
- Relevant projects
What you’ll bring
- A bachelor's degree with 3 - 5 years of experience in Valuations/Product Control, ideally with a focus on intraday P&L
- Team player, proactive and willing to take on additional responsibility
- Strong pricing and valuation knowledge of vanilla and structured derivatives across credit, FX and interest rate asset classes
- Deep understanding of P&L attribution and valuation methodologies (e.g. mark-to-market, models)
- Experience with market data sources e.g. Bloomberg, Refinitiv, ICE, Markit, TradeWeb
- Excellent communication: able to translate quantitative drivers into concise commentary for PMs and management
- Ability to challenge portfolio managers while maintaining strong relationships
- Meticulous attention to detail balanced with ability to prioritize material issues
- Continuous-improvement mindset – automation of manual processes
We’d love if you had:
- Prior intraday P&L experience at a buy-side firm
- VBA and/or Python knowledge
Our CultureAt Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.
- The base pay for this role is expected to be between $140,000 and $170,000. The expected base pay range is based on information at the time this post was generated. This role may also be eligible for other forms of compensation such as a performance bonus and a competitive benefits package. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications, and experience.
- #LI-MM1
