Product Controller
Our client, a world leader within the Banking Industry, is currently seeking to recruit a Product Control Analyst , to their Global Commodities Business.
The main purpose of the role is to support a standardisation project to underlying Product Control’s PL working files for efficiency and consistency across all EMEA based-PL’s so we can effectively cross-train, eliminate key man dependencies and consistent controls in detailed working files.
Key responsibilities include:
· Daily production of PLs and communication of results to the Desk. Explanation of PL movements to management in terms of trading activity, key drivers and profit attribution analysis
· Participation in desk level activities, including preparing the daily product specific business level revenues and commentary
· Understand the Price Verification process and its impact on the PL
· Reviewing new trades, understanding the structure, associated risks and the PL generated on them
· Working with Accounting Policy to determine appropriate accounting treatment for trades under U.S and U.K GAAP
· Taking ownership of the Balance Sheet and ensuring adequate Balance Sheet and PL controls exist and are monitored daily
· Working on ad-hoc projects relating to improvements of system infrastructure. Must be able to work with I.T on system enhancements and resolving production issues
· Management responsibility, although this may not be in the early stage of the role
Essential Requirements are:
· Minimum 3 years of experience with preparation of daily PL for Precious Metals
· Must have experience working with Openlink risk system
· Working knowledge of Allocated and Unallocated PM trading
· Experience reconciling inventory balances
· Demonstrated previous experience of re-engineering a PL process
· Experience with exchange reconciliations and PL production for exchange traded contracts preferable
· Experience with US GAAP Accounting preferred
This is a fantastic opportunity within a top tier bank. In addition to this the successful candidate will have the opportunity to learn more about other commodity classes to complement their sills set.
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