Product Controller (Fixed Income)
Our client, a world leader within Banking Industry, is currently seeking to recruit a PnL Controller who will be responsible for producing accurate and timely daily Risk and PL for desks within the EMEA Emerging Markets business. You will partner with the business, Operations, Market Risk and Financial Control among others to ensure that the overall financial control environment from end to end is sound.
The Controller team is responsible for daily PL, Risk, and PL signoff to the ledger and the associated control environments. The team is expected to provide advisory support to the business. You will be a main contact for queries about the business from stakeholders such as Audit, Financial Control, FVP, Market Risk, Operations and Business management.
Key responsibilities within the role include:
• Production of daily PL and Risk.
• Substantiation through comparison to trader predicts, current risk and market moves and obtaining trader sign off
• Providing explanations of PL and Risk to other stakeholders: Business managers, FVP, MIS, and Market Risk.
• Month End - Reconciliation of reported PL to general ledger
• Requesting GL adjustments for any variances along with the review of reserve moves and other month end adjustments.
• Monitoring potential risks across the whole trade cycle e.g. breaks between the risk management system and the ledger, nostros, and trade booking errors.
• Continuous improvement of the control environment.
• Support any new initiatives, for example new reporting systems or new products.
• Individuals will be expected to be familiar with business performance, in addition the individual will be expected to understand the responsibilities and dependencies of the user population and develop a high level of cross product knowledge.
This role requires someone who has a solid understanding of a Banking environment along with the businesses it supports and service it provides. Should you satisfy the criteria described this could be a fantastic role to bolster your professional experience and drive change within a global banking environment.
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