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Product Controller - Structure Rates

Daily Rate Competitive
Type Temporary / Interim
Location London
Sector Finance & Accountancy
Job Reference T9/CXC/33004
Contact Cristian Cernodolea
Date posted 12-11-2019

One of out top tier Investment banking clients is seeking a product controller to join their team to you will primarily be tasked with proving an effective link between Front Office (FO) and other stakeholders within the wider Finance team, 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.

Key Reponsibilities:
 You will be the primary producer of book level actual P&L within NPV environment
 Justification of P&L via daily risk-based decomposition, utilising the Greeks and new trade analysis
 Reconciliation of P&L to traders estimates
 To ensure integrity of the banks books & records, including reconciliation to banks ledger systems
 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.
 To support and provide training to the junior members of the team.

Product Scope:
• Structured Interest Rate Products.
• Notes Issuance, OTC Interest Rate Options
• Single & Cross Currency Interest rate Swaps
• Exchange Traded Futures & Future Options
• FX Spots & Forwards

Key Requirements:
• Strong vanilla options, structured interest rates and note issuance product & revaluation skills
• Preferable fully qualified CIMMA/ACA/ACCA
• Excellent communication skills especially with Front Office members
• Capable of working to tight deadlines & under severe time pressure.
• Effective in allocating priorities.
• Strong ability to convert theory into practice.
• Excellent knowledge of MS Excel
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Contact Cristian about this job

Associate, Consultant