Preparation of the daily P&L including analysis and explanation of month end balance sheet validation ensuring completeness, accuracy and integrity of the ledger.
Daily risk reporting, including new deals, referral and significant P&L reporting.
Investigating and resolving all variances relating to front to back office reconciliations, escalating to management where necessary.
Understanding the end-to-end flows and processes for the products traded.
Running the dealer estimate database on a weekly basis.
Preparing and reconciling the P&L attribution for all P&Ls.
Production of P&L commentaries on daily, weekly and monthly basis for circulation to senior management.
Ensure P&L reported through the Management Information System reconciles to the ledger used by London branch and Head Office General Ledger.
Performing and ensuring accuracy of daily branch hedging report and liquidity reporting.
Compilation and update of Standard Operating Procedures (SOPs) for all process adopted by Product Control.
Update and contribute toward visual management board stats and forward thinking to improving efficiency.
Identify and implement productivity initiatives both in terms of time saving exercise and cost saving.
Support for system implementation projects on both UAT testing and IDRs.
Preparation of B/S recs and ensuring other month end closing responsibilities are properly discharged.
Production on monthly key metrics report for each of the business areas with Global Markets.
Compilation of the daily Product Control Management Information pack.
Ensure there are sufficient controls over accuracy, completeness and validity of P&L adjustments.
Understand other Global Markets portfolios and processes in order to provide effective and reliable cover.
Identify and assess risks that prevent the Product Control function performing its key controls and objectives.
Ensure regular review of controls being performed and adherence to internal and external audit and compliance with regulatory requirements.
Interfacing and forging strong relationships with traders and other infrastructure groups supporting the business, by providing superior service aligned with client's needs and organisation's business objectives.
Skills and Experience:
Extensive Product control experience
Good degree in Finance or a related discipline.
Specialist knowledge in financial markets instruments, namely derivative valuations and pricing techniques including specifying and delivering P&L decomposition reporting.
Good accounting knowledge and understanding of Financial Markets products – essentially MM, securities, swaps and other derivatives.
Ability to identify problems, determines possible solutions, and actively works across various groups to resolve issues.
Ability to succinctly communicate and escalate results and issues to line manager.
Well-developed research, analytical and communication skills.
Ability to work in a team.
Qualifications and skills:
Accounting Qualification CIMA, ACCA or ACA.
Advanced Excel skills and intermediate to advanced Access skills. Knowledge of VBA, SQL and familiarity with databases.