Job Title

Kannon Risk and Profit & Loss (RPL) Specialist

Location

London

Corporate Title

Associate

Overview

The Kannon Middle Office (KMO) team works in partnership with Trading, Global Strategic Analytics (GSA), Finance and Operations to facilitate the delivery of accurate and complete trader Risk and Profit & Loss (RPL) on the Bank’s strategic valuation platform for the Fixed Income & Currencies (FIC) business.

The team supports multiple Front Office desks, overseeing intraday trade monitoring and end-of-day orchestration.

Members are responsible for investigating the root causes of issues and inefficiencies and for delivering immediate solutions where possible. Coverage spans Rates, Credit and Emerging Markets businesses, with product types including, but not limited to, Derivatives, Over-the-Counter (OTC), Exchange Traded, and Cash instruments.

You will work directly with trading and operations sitting on the trading floor to ensure trade bookings are complete and correct intraday, proactively monitor for discrepancies, orchestrate the end of day close, and assist in the substantiation of position risk tie out.

What we’ll offer you

• Hybrid Working - eligible employees can work remotely for part of their working time and choose a working pattern that suits them.
• Competitive salary and non contributory pension.
• 30 days’ holiday plus bank holidays, with the option to purchase additional days.
• Life Assurance and Private Healthcare for you and your family.
• A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits.
• The opportunity to support a wide ranging CSR programme and 2 days’ volunteering leave per year.

Your key responsibilities

• Monitor intraday trade bookings to ensure completeness and accuracy in Front Office systems.
• Support the end of day close process, investigating booking issues as needed.
• Liaise directly with Trading, GSA, and Infrastructure teams to escalate and remediate breaks.
• Investigate root causes of operational issues and inefficiencies, proposing immediate solutions where possible.
• Contribute to improving trade processing workflows, with a focus on control and automation.
• Maintain a strong understanding of key product types: Interest Rate (IR) Swaps, Index and Single Name credit default swaps (CDS), Bonds, Futures. Assist with the substantiation of P&L variance.

Your skills and experience

• Logical thinker with strong problem solving and analytical skills. Educated to degree level or equivalent qualification/work experience in Finance, Mathematics, Economics, or related field. A relevant professional qualification (CFA/ACA or master’s degree) is preferred.
• Experience in a Middle Office, Product Control, or Risk and P&L role within an investment bank or financial institution.
• Good product knowledge across Fixed Income and Credit derivatives.
• Ability to build & maintain strong relationships with stakeholders. Strong communication skills, ability to engage with Trading and Infrastructure stakeholders.
• Ability to work under pressure and to tight deadlines in a fast paced trading environment. Proactive, team oriented attitude with strong attention to detail.
• Python for automation is an advantage.

How we’ll support you

• Training and development to help you excel in your career.
• A range of flexible benefits that you can tailor to suit your needs.
• We value diversity and, as an equal opportunities employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards).