Structured Rates Product Controller recruitment
PRIMARY RESPONSIBILITIES
• To provide an effective link between Front Office(FO), Financial Control, bringing specialist product knowledge into the arena, so that any disagreements in daily P+L are resolved on a timely basis ultimate P+L agreement with FO is achieved, evidenced logged.
• Production of daily desk PL including commentaries
• Justification of PL via daily risk-based decomposition, utilising the Greeks and new trade analysis
• Reconciliation of PL to traders estimates
• To ensure integrity of the banks books records via reconciliation and attestation
• Reporting of consolidated results to senior management including appropriate valuation adjustments
• To ensure the Product Control team stakeholders are immediately aware of revaluation issues that may affect downstream activity.
• Production of ad-hoc reporting as required by Front Office senior management
• Involvement in key change management projects to deliver improvements to our daily processes
• To ensure PC remains is seen to be an independent control function.
Percentage time split between legal entities – RBC London Branch 90% RBC EL 10%.
JOB SPECIFICATION
- Product control experience
- Qualified accountant/professional qualification
- Strong interest rate derivative product revaluation skills
- Proactive and energetic individual capable of developing the business platform
- Excellent numerical skills with the ability to problem solve in a logical manner
- Excellent communication skills especially with Front Office members
- Capable of working within tight deadlines under severe time pressure.
- Effective in allocating priorities.
- Strong ability to convert theory into practice.
- Excellent knowledge of MS Excel Access