Kannon Risk and Profit & Loss; RPL Specialist

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.

• 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 accelerate 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.

• 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.

• Hybrid Working – remote work part of the time.
• Competitive salary and non‑contributory pension.
• 30 days holiday plus bank holidays, with option to purchase additional days.
• Life Assurance and Private Healthcare for you and your family.
• A range of flexible benefits including Retail Discounts, a Bike4
  
  Work scheme and Gym benefits.
• The opportunity to support a wide ranging CSR programme + 2 days volunteering leave per year.

• 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).