Product Control Oversight

Location:
City of London
Job Type:
Contract
Industry:
Finance
Job reference:
BBBH142907_1637599248
Posted:
9 days ago

Job title - London GDM Oversight - Product Control + Projects

Location - London, Canary Wharf/Remote

Rate - Up to £440 PAYE or Umbrella £564

Start date - ASAP

Contract - 12 months

Our financial services client is currently seeking a GDM Oversight - Product Control + Projects to join the team in the London office/remote working, this contract will initially be for 12 months.

Product Control Oversight

  • This role is within the GDM Product Control London Oversight team.
  • Primary oversight and escalation for team specifically around the day-to-day PL production and review of Primary Trading System Sourced P&L, P&L commentary and P&L attribution within a team based across London and Krakow.
  • Primary oversight and escalation for accurate reporting of PL, Balance Sheet and Off-Balance Sheet for the GDM business which is appropriately valued with respect to current best practice and in accordance with Accounting Standards.
  • In addition, as owner of Accounting Risk, PC are responsible for Financial Reporting controls including Balance Sheet Substantiation and FX Sell off, providing guidance & advice across teams and keeping the FO and Group Finance abreast of any concerns around disclosure and completeness.
  • To work with the desk and other functions on new business initiatives, significant trade reviews and various projects
  • To ensure that all output is produced in a timely and accurate manner, is fully reviewed before publication, and is completed to the level of industry best practice
  • To proactively drive forward a continuous improvement programme for all activities including increasing efficiency and controls through procedures/systems change process
  • To work with Valuations and CFOs to deliver a single transparent view of the P&L and Balance Sheet
  • Presentation of the business view of the P&L and Balance Sheet to traders and trading management
  • To ensure that appropriate MI is produced for the tracking of results, workload, and exceptions
  • Oversee the production of information on the trading desk's funding position
  • Ensure that all team members have appropriate training and mentoring
  • To build relationships with key stakeholders including other Product Control Functions, IT, Operations, Front Office, Group Finance, Market Risk Management and Credit Risk Management.

Projects

  • In addition to the BAU Oversight tasks, there is a significant project book of work including FRTB externalisation of valuations and PL explain, IBOR demise, PC Transformation, etc. As part of this role the candidate would be expected to partake in these projects on top of their BAU tasks. FRTB project is a significant book of work, and we are ideally looking for a candidate who can assist us in this space - ideally a candidate with a good understanding of PL explains (including higher order sensitivities).

Knowledge & Experience / Qualifications

Required

  • Very good analytical skills, supported by numerate or social science degree
  • Either Qualified Accountant supported by numerical degree, or minimum 5yrs post graduate experience working in analytical Product Control role.
  • Good knowledge of the Fixed Income Asset class.
  • Effective communication and interpersonal skills to be able to face off to management, both oral and written.
  • Strong IT skills, including advanced knowledge of Excel, Python, Xceptor
  • Excellent relationship management skills, being able to face off with key Senior Stakeholders, such as Desk Heads, and provide summary of issues and business summaries to Senior Product Control management as and when requested.
  • Demonstrated success working proactively both independently and in teams. Familiarity with operating in an environment where high levels of autonomy and accountability are the norm.
  • Ambitious and motivated - a "self-starter" who is proactive and driven.
  • Line management experience and ability to motivate a team, including remotely.
  • Experience of working in a Product Control P&L function, with strong control focus and demonstrable understanding of the Product Control workflow.

Desirable

  • IFRS accounting knowledge will be considered an advantage.
  • Familiarity with Bloomberg, Summit, Calypso, Murex or Sentry an advantage.
  • MSc in numerical discipline an advantage.

If you are relevant or interested, please contact me at

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