Commodities Product Controller
DEPARTMENT
RESPONSIBILITIES
Daily reporting of the desks profit and loss, including PL analysis of daily movements and desk trading strategies. This includes analysis of unusual PL movements and comparison of market risk sensitivities and market rate movements.
Monthly analysis of the Markets' result and the compilation and distribution of the monthly Finance reporting pack.
Advising the traders on the treatment of non standard deals and how accounting standards impact PL recognition.
Review and testing of new products and the impact on systems, PL recognition, daily processes etc.
Group Reporting / Financial Reporting
Budgeting and Forecasting
Regulatory Reporting (APRA, FSA)
Maintenance of the Market's general ledger, including monthly reconciliation/substantiation of the balance sheet and maintenance of their structure.
Administering tax transfer pricing policies
Projects
Liaising with middle office and the sub-system owners
Ad hoc requests ( assisting with tax, audit and risk reviews)
products covered are:
Rates (swaps, money market products, government bonds, futures, options, FRAs and Fwds)
Currency (Spot Fx, options)
Equities Structured Products
Commodities (Soft, P Metals and physical trading)
Credit (corporate bonds, CDS, Structure credit Products)
Business Knowledge
Experience in Commodities essential, but not all asset classes required.
Flexibility
An ability to be flexible in your daily work routine to cater to ad hoc investigations or reporting requirements.
Influencing Skills
Able to influence people to deliver outcomes.
Interpersonal Skills
Able to influence people and build strong working relationships within and across business units.
Client Orientation
Strong customer service ethic, subject to maintaining internal controls.
Technical Specialist Skills
Good working knowledge of financial processes, including accounting for financial instruments. Strong Commodities product knowledge and Product control processes (attributed PnL, IPV and reserving policies) is essential.
Murex system exposure would be of great benefit.
Knowledge of Accounting standards (IFRS or USGAAP) is essential.
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