Fixed Income Product Controller, VP

CompanyJefferies is a leading global, full service investment banking and capital markets firm, operating for more than 60 years with headquarters in New York City and major hubs including London – where you will be based. It offers a broad suite of services across investment banking, sales & trading, research, wealth & asset management, and merchant banking.

The firm is part of Jefferies Financial Group Inc. (NYSE: JEF) and employs over 7,700 people worldwide, with more than 40 offices across North America, Europe, the Middle East, and APAC.

Role OverviewThe VP is a senior technical accounting specialist responsible for overseeing the P&L, valuation and control environment for complex, multi entity Fixed Income funding structures. The role requires technical depth, strong judgement and the ability to explain accounting outcomes to senior management. You will be involved across the deal lifecycle, ensuring accurate booking, consolidation and reporting for structured transactions, many of which involve SPVs and non standard funding flows.This position is ideal for a technical accountant seeking to specialise in Fixed Income and structured funding frameworks.

Key ResponsibilitiesDaily & Accounting Oversight

Day 1 P&L review and attribution

Presenting booking model flows and transaction structures to senior management

Flash vs Actual analysis

Fair value adjustments and local reporting requirements

Assess inventory impacts and associated funding costs

Trade lifecycle management across multiple entities

Month End & Technical Accounting

Balance sheet substantiation

Reconciliation of reported P&L to the ledger

Booking of fair value adjustments

Booking and analysis of local GAAP differences (including Hedge Accounting and CTA Hedging)

Contribute to and challenge IPV outcomes

Prepare management packs covering structured deals and P&L movement commentary

Control & Governance

Lead enhancements to process and system flows to improve automation and control

Act as technical SME during new product implementations or system builds

Provide senior level commentary, insights and reporting

Person Specification

Qualified Accountant with 5+ years PQE

Strong technical accounting background across multi entity structures and funding frameworks

Experience within Fixed Income and/or funding products in a Banking or Fund environment

Understanding and application of accounting concepts such as hedge accounting, FX hedging and CTA hedging

Knowledge of reserving methodologies and valuation adjustments

Strong analytical mindset with high attention to detail

Ability to communicate and present technical topics clearly to senior stakeholders

Proven ability to identify issues, propose solutions, and work efficiently under pressure

Confident in rationalising and automating processes

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