Product control Analyst - 106248

Recruiter
Pontoon
Location
England, London
Salary
Negotiable
Posted
12 Mar 2021
Closes
09 Apr 2021
Ref
19071459
Contact
Cordelia Mubiana
Contract Type
Contract
Hours
Full Time

Product control Analyst - 106248

London

6 months

My high profile banking client are currently recruiting for Product control analyst to work in their London based team on an initial 6 month contracting position.

Overview of business area and/or project:

The Fixed Income investor products Business Control team in London is seeking a talented professional for an ENO role. The core focus of this role is to execute business controls (BC) covering the various different but challenging structured notes businesses including FX, Rates, Commodities and Credit linked notes.
* A key focus of this role will be to ensure postings to the ledger for some rates based notes are correctly posted. This is conceptually simple, however as trade volumes increase is likely to get complicated.
* Essential Audit trail of all adjustment sand calculations will need to be documented precisely;
* Participate in change program to alleviate manual process described above once funding is secured.
* The FX and commodities notes businesses are in their infancy with the team, therefore a proactive approach to managing the teams tasks and learning on the job will be essential.

Essentials Skills and Qualifications:

Skills - Qualified ACCA/ ACA

Experience - extensive industry experience and some experience in previous product control role.

Key Responsibilities:

The responsibilities of this role include:

1) ACCOUNTABILITY FOR FINANCIAL RESULTS

- Validate Daily P&L posted by Line Control

- Provide daily commentary for trade groups including commentary for variances from estimate

- Review and comment on Weekly P&L and Monthly P&L cut by MIS and legal entity

- Complete / Review Weekly New Deal Template

- Monthly commentaries incorporating results, market data, opportunities and risks

2) BALANCE SHEET ANALYSIS

- Monthly Balance Sheet Review (PC owned accounts)

- Inventory analysis

- Fair ValueLeveling

- Fair Value Option

- Analytical Review of month on month trends and cross referencing with market and business knowledge

3) FACILITATE NEW BUSINESS

- Support New Business initiatives

- Ensure Pre-Trade Approval and Structured Trade Review processes operate effectively

- Acquire a detailed understanding of all significant new deals and their associated risks

- Ensure all caps and caveats are adhered to

- Ensure compliance with GAAP accounting rules

- Ensure Line Control are brought into the process in their capacity as SMEs for system flows

4) BUSINESS CONTROL

- Monitor progress of Business Control against pre-defined success criteria

- Perform and evidence Controls in accordance with SOX guidance

- Comply with all internal policies and procedures in accordance with the Governance framework

- Develop relationships and partner with key stakeholders

5) CHANGE AGENDA

- Identify opportunities to develop & streamline analytical activities and to improve controls

- Participate on all strategic change initiatives initiated by the Front Office

If you have not received a reply within 4 hours please assume you are unsuccessful this time.

Similar jobs

Similar jobs