Product Control Lead - VP - Credit Portfolio Management

Product Control Lead - VP - Credit Products, ABS investments, CVA, SPV, Qualified Accountant, ACCA, ACA, CIMA,.

ONLY APPLY IF YOU HAVE 5+ YEARS EXPERIENCE IN PRODUCT CONTROL FOR CREDIT PRODUCTS WITHIN INVESTMENT BANKING - YOU MUST BE ELIGIBLE TO WORK IN THE UK

Role is to join an Investment Bank in the City of London at VP level on a rolling 6 month contract. You will manage a team of 5 product controllers and report to the Head of Product Control for Credit Portfolio Management.

Key Activities:

- Management of 5 Product Controllers responsible for performing daily and month P&L process including monitoring of controls
- A detailed understanding of the Banking and Structured Credit Trading and strategies and structures there within, including ownership of standard control checks to ensure the structures are being reported accurately and consistently across portfolio and in relation to associated consolidated SPVs
- Supervising the team to cope with a mix of business products and booking methodologies
- Frequent and effective liaison with trading desk, risk, operations and all other areas of the business
- Active monitoring of Key Risk indicators, ensuring relevant portfolio reconciliations are cleared in a timely manner, liaising with operations, cash management and other departments to maintain indicators at an amber level or below. In addition to clearing all audit breaks in the agreed timeframe
- Co-ordinate and oversee the detailed MIS deliverables to senior management
- To co-ordinate the daily Global P&L production, ensuring close collaboration and effective communication with other teams
- Full monthly reconciliation between reported P&L and general ledger plus a strong understanding of the components of the balance sheet ensuring that all accounts are reconciled and substantiated
- Coordination, monitoring and quality control of the team's resources on ad hoc investigations and projects
- Review of new/restructured trades per the structured trade review process ensuring that the trade details and bookings agree and that risks have been identified and communicated to the relevant departments
- To represent DC CPM at relevant project working group meetings' on a regular basis, and provide feedback to Head of CPM on progress against plan, resourcing constraints, issues and completion of key milestones

KEY REQUIREMENTS:

-QUALIFIED ACCOUNTANT (ACA, ACCA, CIMA)
- PREVIOUS EXPERIENCE MANAGING SIMILAR SIZE TEAM IS ESSENTIAL
- EXTENSIVE PRODUCT CONTROL EXPERIENCE (IDEALLY WITH CREDIT PRODUCTS) ABS INVESTMENTS, CVA, EXPERIENCE WITH SPV'S ALL DESIRABLE