Finance Product Controller IBOR / FX / Valuations

Job Description

Finance Product Controller (IBOR / FX / Valuations)Investment BankingRemote / London12 months+£500 - £540 per day Key Responsibilities: This is a contractor role in Product Control department encompassing the FX, rates, commodities and credit linked structured note desks within the Fixed Income Investor Product Division. The main responsibilities are advising and independently challenging key stakeholders on accounting and valuation matters impacting the financial statements, including daily P&L and balance sheet movements. As such, this role owns the face-off to the Front Office trading management, and other support departments such as Market Risk Management (MRM), Accounting Policy Group (APAG), Financial Accounting (FA), Middle Office and Operations. Team members generally have extensive product control experience and deep product knowledge that allows them to make decisions that requires a high level of judgement and also performs more demanding analytical reviews. The team provides qualitative, analytical, value-add service to the business and are accountable for the financial results. In addition to being an integral control function, business finance controllers are commercial in their approach when collaborating with their business partners on a daily basis.The role will assist in the following responsibilities:1) ACCOUNTABILITY FOR FINANCIAL RESULTS- Validate daily P&L- Provide daily commentary for trade groups including commentary for variances from estimate- Produce Weekly P&L and Monthly P&L cut by MIS and legal entity- Complete/Review Weekly New Deal Template2) BALANCE SHEET ANALYSIS- Monthly Balance Sheet Review (PC owned accounts)- Inventory analysis- Fair Value Leveling- Fair Value Option- Analytical Review of month on month trends and cross referencing with market and business knowledge3) FACILITATE NEW BUSINESS- Support New Business initiatives- Ensure Pre-Trade Approval and Structured Trade Review processes operate effectively- Acquire a detailed understanding of all significant new deals and their associated risks- Ensure all caps and caveats are adhered to- Ensure compliance with GAAP accounting rules- Ensure Line Control are brought into the process in their capacity as SMEs for system flows4) MANAGE RELATIONSHIP WITH FRONT OFFICE SENIOR MANAGEMENT TEAM- Act as the key contact for FO business queries- Partner FO on strategic decisions and effect change quickly5) BUSINESS FINANCE CONTROL- Be accountable for EMEA FIIP Business Control Eurometrics (KPIs)- Monitor progress of Business Control against pre-defined success criteria- Perform and evidence Supervisory Controls in accordance with SOX guidance- Comply with all internal policies and procedures in accordance with the Governance framework6) CHANGE AGENDA- Identify opportunities to develop & streamline analytical activities and to improve controls- Participate on all strategic change initiatives initiated by the FO- Set Business Requirements and perform Systems/UAT testingCandidates will ideally show evidence of the above in their CV in order to be considered.Please be advised if you havent heard from us within 48 hours then unfortunately your application has not been successful on this occasion, we may however keep your details on file for any suitable future vacancies and contact you accordingly. Pontoon is an employment consultancy and operates as an equal opportunities employer. Required skills

Operations Management

finance

trades

Keyskills :
Operations Management finance trades