Product Control/Fund Accounting Role - Investment Bank - CA

THE PRODUCT CONTROL MODEL

- We operate a - complete ownership- model and see this as a - mini-CFO- role with regards a trading desk, with responsibilities including [plus some of the teams controller liaise with]

- P&L reconciliation [liaising with Operations, Technology and Strats]

This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties but to describe a position level. The role shall be performed within a professional office environment.

- P&L explain [Traders, Strats, Market Risk]

- New trade analysis [Traders and Strats]

- Balance sheet review [Legal Entity Controllers]

- Capital requirements for new trades and ongoing business [Regulatory Capital controllers]

RESPONSIBILITIES:

- Preparing daily P&L's for trading desks, involving assessment of the nature of revenue generated in the context of market moves and risk held as well as reconciliation between front office sub-ledger and Firm general ledger. Price verification; monthly review and challenge of trader inputs into inventory pricing as well as incremental assessment of less observable inputs.

- To interact effectively and proactively with traders and their management.

- Intelligently reviewing trading activity with the objective of informing around the valuation of the portfolio and also highlighting anything unusual or material to management.

- Assessing risk inherent in trading positions, whether market, compliance or reputational risk etc.

- Knowledge of products and market awareness.

- Producing and reviewing P&L attribution and commentary for the bank's trading, investing and new issuance businesses

- Understanding of the impact of Regulatory Capital rules on a trading desk's ongoing and new business.

- Identifying any trades booked incorrectly in the firm's trade procession systems

- Production and analysis of the balance sheets for a trading desk and understanding and explanation of vements.

- Preparing monthly accounts for posting to the firm's general ledger and producing/reviewing relevant external disclosures.

- Ensuring compliance with all the Firm's financial reporting requirements. Market Risk Controllers, Credit Risk Controllers]

- Price verification [Traders and Controllers PV group] Federal reporting. [Fed reporting teams], Financial Reporting disclosures [Accounting Policy, Legal Entity Controllers]

- More generally being the point of contact within the Federation for a trading desk [Tax, Compliance, Legal, etc

- Account and monitor for the Firm's secured and unsecured financing activities.

- Liaising with other Federation departments in a collaborative and problem-solving capacity.

- To be fully informed of all department developments and issues in their trading areas.

This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties but to describe a position level. The role shall be performed within a professional office environment.

BASIC QUALIFICATIONS

- Qualified Chartered Accountant or other relevant professional financial qualifications (e.g. CFA) with experience in the Financial Services or Banking Industry desired

- Work Experience: 3+ years with focus area being in either of Product Control, Valuation Control and Corporate Treasury.

- Strong financial market knowledge and abreast with latest Macro developments and regulatory requirements.

PREFERRED SKILLS

- Strong Leadership skills with experiences in people management.

- Strong verbal and written communication skills.

- Strong Financial products knowledge such as Fixed Income, Equities, structured, Hedge Accounting and derivatives.

- Strong analytical skills and detail oriented.