Product Controller

The suitable candidate must have previous investment banking experience and be a fully qualified Accountant who has previously worked within product control.

Responsibilities

Daily P&L & Balance Sheet Reporting & Oversight:
Production and/or review of official daily P&L explain and its provision for VaR backtesting.
Approval of daily sub-ledger P&L generated by Middle Office for reporting into Greensheets.
Responsibility for daily management adjustments to P&L

Daily P&L reporting to local and regional management.
Oversight of trader estimate to official T+1 P&L variances as business unit level.
Preparation of daily P&L commentary and substantiation to market events.
Review of material new deals.
Review and approval of changes to valuation adjustments & reserves.
Review of changes to daily balance sheet & substantiation to transactional activity.
Core Financial Oversight Functions:
Price verification (daily, weekly, monthly).
Validation of appropriate application and use of models for books & records.
Monthly & quarterly revenue commentary.
Maintaining/updating valuation adjustment & reserve policies.
Balance sheet analysis (capital, liquidity, exposures etc) including inventory ageing and its reporting.
Determining and implementing appropriate accounting policies & procedures (with Accounting Policy).
Managing key accounting, legal entity, regulatory and P&L issues with the business.
Month end close, including Financial Disclosures and calculation and recording of netting entries
Exercise of control oversight on behalf of the business.
Participation in the New Product Review and Appropriation Request processes: modelling structures and process scenarios, review, and control.
Contributing to Governance process, operational error reporting and support of other internal control process, including SOX.
Provision of financial expertise in the design, build, testing, and implementation of new Technology Platforms and Systems.
Planningplans; budgets; and forecasts.
Provide regular updates, analytics and commentary on Line of Business performance.
Manage the expense approval process for both deal-related and organisational expenses; provide expense analytics and assist the business with recovering deal-related expenses.
Provide regular updates, analytics and commentary on the GBAMs externally disclosed quarterly performance.

Requirements

Essential
Strategic Thinking: Solid understanding of business strategy, understands how their role relates to growing the business, stays current on industry and in area of own technical expertise.
Customer/Client: Helps associates understand the impact of their work on the customer/client, successfully builds and maintains customer/client relationships, maintains unwavering focus on delighting the customer/client.
Drives Execution:
Influence: Collaborates within the business unit through effective partnering and information sharing.
Business Results: Consistently delivers superior results, persists despite obstacles, setbacks and competing influences. Continuously looks for new and better ways of doing things.
Manages Risk: Thoroughly analyses opportunities and issues and then takes appropriate action.
One Team: Operates as part of a team with one team agenda to exceed client expectations. Effectively works across team boundaries.
Values People: Treats others with dignity and respect and demonstrates a sustained commitment to championing diversity. Adheres to highest standards of conduct/integrity.