Description
Commodities Focused Product Controller, London, Accounting, London 6 months
Tier One Investment Bank is looking to appoint an experienced Product Controller who has worked with Commodities products to join their London Offices on a 6 month contract.
You will be involved in:
Financial Control, Daily P&L & Balance Sheet - Reporting & Oversight:
*Review, oversight and substantiation of the balance sheet
*Review and oversight of official daily P&L Explain, and its provision for VaR back testing
*Analysis of daily sub-ledger P&L, including any adjustments, generated by Middle Office for management reporting
*Oversight of Daily P&L reporting to local and regional management
*Review of daily P&L commentary and substantiation based on market events
*Review and substantiation of material new deals
*Reporting on movement of balance sheet & substantiation based on transactional activity
*Review, oversight and reporting of structured transactions, partnering with support groups including accounting policy, capital, credit and risk to ensure the correct treatment as part of the new deal approval process and on an ongoing basis.
Valuation Control
*Price verification (daily, weekly, monthly) in line with current policies, working with PVG to improve processes and ensure correct application of methodologies.
*Maintaining valuation adjustment & reserve calculations such that they are in-line with current policies.
*Partnering with PVG and the valuation control team to implement regulatory requirements around valuation control.
*Reporting and substantiation of price verification, reserve and prudent valuation calculations.
*Provision of financial expertise in the design, build, testing, and implementation of new Technology Platforms and Systems
Core Financial Oversight Functions:
*Weekly, Monthly & Quarterly revenue commentary.
*Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging, and reporting (Managerial and Regulatory)
*Determining and implementing appropriate accounting policies & procedures (with Accounting Policy)
*Managing key accounting, legal entity, regulatory and P&L issues with the business
*Month end close, including regulatory financial disclosures.
*Exercise of control oversight on behalf of the business
*Participation in the New Product Review and Appropriation Request processes: modelling structures, process scenarios, review, and control
*Contributing to regulatory and governance processes, operational error reporting and support of other internal control processes, including SOX
All Skills need to be CLEARLY VISIBLE within your CV/Application:
*Strong derivative analytical skills and understanding of derivative pricing, ability to interact with desk and valuation group on pricing and risk
*Strong Excel skills with the ability to build and use spreadsheets
*Demonstrable risk identification and management
*Client focused approach
*Commodities Product knowledge
Nice to have
*Investment banking experience (desirable)
*Qualified CFA or Accountant (ACA, ACCA, CIMA or equivalent) with good working knowledge of accounting concepts
If you wish to apply for the above position, please call me or email
Please be advised if you haven't heard from us within 24 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. Adecco is an employment consultancy and operates as an equal opportunities employer.
Hy-phen Limited is acting as an Employment Business in relation to this vacancy.
The Adecco Group UK & Ireland is an Equal Opportunities Employer.