Product Control Role - P&L - Investment Bank

Product Control - P & L

Role :

- To ensure that the daily P & L is accurately reported to the FO & reconciled between P & L tools & management reporting tools.

- To ensure that the relevant P&L and Balance sheet positions are correctly reported at month ends and that the applicable reconciliation have been completed and all issues identified/resolved.

- Providing daily commentary on P&L swings and variance investigation to Front office traders and senior finance managers

- To ensure that the controls are adhered to.

- To coordinate the completion and delivery of the tasks allocated to the team.

- To provide advice to the business on the P&L impact of trades and the interaction of the Front and Back Office systems, especially regarding trades and proposed new workflows.

- To ensure that applicable accounting standards are adhered to regarding P&L and Balance Sheet reporting.

- To ensure that Global policies are adhered to at all times and are kept fully up to date with any changes in the business requirements

- To act as trouble shooter within the team.

Skills :

- Strong knowledge of key Financial Reporting

- Strong analytical skills and detail oriented

- Broad understanding of the product types traded by the desk and any valuation issues thereof.

- Ability to understand the booking structure for complex trades and raise relevant issues to Product Control management.

- Good understanding of the P&L production and reporting methodology for the P&L's.

- Good understanding of the relationship between Valuations and P&L teams within the bank and the various areas of interaction required.

- Good understanding of the valuation of all products under their control

- Broad overview of Product Control's interaction with Regulatory Reporting

- Confident in double entry accounting associated with products under their control

- Awareness of all Global Policies that impact the area that they control

- MS office - Intermediate level

- Ability to train other members of Finance on the products.

- Good understanding of the Financial Markets as they relate to the Products under their control.