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Account Lead at IARA HR Services
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Vice President - Product Control - P&L Production - Investment Bank (10-17 yrs)
Product Controller - PL Production
The Product Control teams are our financial guardians of the bank's sales and trading activities and therefore play a critical part within the broader finance organisation in delivering service excellence to our clients.
THE ROLE INVOLVES:
- Production of daily P&L for a number of trading books.
- Reconciliation between front office spreadsheets and the back office P&L systems This reconciliation pertains to all P&L activity including valuation of positions, cash balances, funding and provisions. These responsibilities require a good understanding of trade information process flows between different departments within the bank (Front Office, Operations and Financial Accounting departments).
- Analyse, explain and validate P&L according to market moves, new trades and other influences.
- Manage all marketing and risk provisions on the books to ensure accurate P&L reporting. This involves understanding how these provision values are derived and how they impact overall P&L.
- Where appropriate, act as Line representative on major change projects.
- Take ownership of any issues that arise from the day to day and monthly processes with a view to resolving these in an efficient and timely manner
- Liaise with Front office and other end users as to process development and other ad hoc queries.
- Reconciliation of general ledger
QUALIFICATIONS
- Degree in Finance, Accounting or related field.
- Possess a CFA or CPA qualification an advantage.
- At least 8 years Product control experience.
- Experience in leading/managing teams required.
- Auditing experience is an advantage.
- Analytical ability.
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