Commodities Product Control-Business Analyst recruitment

Product Control has a significant presence and role within the organisation. There is a close working relationship with the trading desks and other areas focusing on control, service and reporting. The group is a central point of contact for many issues that affect the bank including new product approval, model validation and independent verification of derivative valuations. By placing a heavy emphasis on information technology and focusing on project work they are able to address control and operational risks and meet internal external obligations

The main function of the role will be to support the Commodities business from a financial reporting perspective and to ensure that the key elements of the control infrastructure are in place with a focus on Economic Funding. The role requires someone to be heavily involved in driving improvements to processes – both within the team and working closely with the IT department

Key interactions are with the Front Office Business Line Treasury team within the Commodities business, the wider Product Control Group including the Treasury PC team, Commodities Central Product Control team, Product Control Middle Office Team as well as Operations and Technology. These interactions will cover the range of daily, weekly and monthly reporting communications as well as project work and ad hoc queries.

RESPONSIBILITIES

• Economic Funding Infrastructure– working with the Front Office, Product Control and IT teams in order to deliver reporting requirements for Economic Funding; working through the project lifecycle in delivery.

• Allocations – calculations, analysis and reporting of allocations of cross business funding and other charges.

• Dealing with ad hoc queries with the business relating to Funding PL explains, variances, trade booking and valuation issues

• Data Integrity and balance sheet verification. Carry out validation tasks to ensure the integrity revenue related balance sheet accounts

• System reconciliations – ensuring trading positions and prices in front office system are reconciled to the accounting and settlement sub-ledgers

• Awareness and consideration of controls that would impact these accounts

• Process Improvements. Commodities Product Control is constantly seeking to innovate and rationalise existing processes. All team members are expected to contribute to this process.