FX & Money Markets Product Controller
The responsibilities include production and analytical review of all PL reporting and risk analysis for FX business, whilst providing subject-matter expertise on PL drivers and risk sensitivities. In addition, the role involves performing month end accounting, General Ledger balance sheet reconciliations and providing bandwidth to enable the team to participate in projects to enhance PL production for the business. The role will also involve close working relationships with Global Markets, Risk Management, Wholesale Operations and other IBM finance areas.
Responsibilities include:
? Preparation of the daily PL 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 PL 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 PL attribution for all PLs.
? Production of PL commentaries on daily, weekly and monthly basis for circulation to senior management.
? Ensure PL reported through the Management Information System reconciles to the ledger used by London branch and Head Office General Ledger.
? 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 for 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 the balance sheet reconciliations and ensure any other month end closing responsibilities are properly discharged.
? Production on monthly key metrics report for each of the business areas with Global Markets.
? Producing the Sales Revenue report for FX sales desk and any further analysis required.
? Compilation of the daily Product Control Management Information pack.
? Ensure there are sufficient controls over accuracy, completeness and validity of PL 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.
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