CAREERS

SUMMARY OF FUNCTION/POSITION:

The Firm:

Brevan Howard Asset Management is one of the leading absolute return/hedge fund managers, overseeing assets on behalf of institutional investors from around the world, including pension funds, endowments, insurance companies, government agencies, private banks and fund of funds.

Brevan Howard was founded in 2002 and launched its flagship global macro strategy in April 2003. It currently manages over $34bn and engages predominantly in discretionary directional and relative value trading in fixed income and FX markets, as well as the recently launched BH Digital, a division within Brevan Howard to manage crypto and digital asset strategies.

The firm currently employs over 1,100 personnel worldwide, including over 100 investment professionals. This global presence gives Brevan Howard the ability to identify and source attractive investment opportunities, as well as investment management talent wherever they may be. Brevan Howard has won several industry awards for excellence in risk management, operational robustness and investment performance.

The firm currently has offices in London, Edinburgh, Jersey, Geneva, New York, Austin, Chicago, Hong Kong, Singapore and the Cayman Islands.

MAIN DUTIES/RESPONSIBILITIES OF THE ROLE:

The P&L Analyst will be responsible for the timely & accurate production of T0 & T1 P&L and assist in performing firmwide valuation controls. This role will provide London support to the Product Control & Valuations team while also liaising with the key stakeholders of the Credit Business including PMs, Risk, Trading COO, Technology and TAs.

• P&L Explanation & Model Validation – product controller to help facilitate T+0 and T+1 P&L production and explanation to senior management, portfolio managers, and business leads.
• Pricing - Perform verification/checks of inputs used in pricing and models: e.g., pricing sources, curve models, including challenging Counterparty valuations.

• Primary Interface – the function will interface primarily with portfolio managers, operations, fund accounting, Risk, and etc. to resolve P&L related issues and coordinate the resolution of those issues.

• Daily/Monthly Valuation support – responsible for preparing and reviewing valuations for the entire firm’s portfolio, covering a wide variety of products with an initial primary focus on credit. Help drive Policy implementation, current Valuation Policy to new processes, and system improvement in partnership with the trading COO team, Technology. Review reconciliation reports and provide explanations where appropriate: stale prices, outsized moves, mark overrides, cash break, reconciliation vs administrator, “mark to model” reviews.

PERSON SPECIFICATION

WORK EXPERIENCE/BACKGROUND:

Essential

• Approximately 3 years of relevant experience
• Experience with Credit is a must. Working knowledge of listed derivatives and other products cleared at PB, FCM and or other cleared exchanges.
• Good understanding of corporate action, tax, security master or reference master of listed products.
• Experience with price testing and other month-end related dealing with administrators or other outsource service/vendors
• Solid understanding of market behaviour, i.e. able to associate market events with P&L explain

TECHNICAL/BUSINESS SKILLS & KNOWLEDGE:

Essential

• Highly motivated and a self-starter with attention to detail and a high level of intellectual curiosity
• Highly process oriented and strong controls mind-set
• Effective communicator and great operator who is able to interact with traders and Portfolio Managers with results oriented mind-set