product control (contract)

Summary: The role of Product Control involves comprehensive financial reporting, analysis, and compliance within a contract position. Key responsibilities include daily profit and loss reporting, reserve requirement analysis, and maintaining stakeholder relationships. The position requires active participation in projects and adherence to regulatory standards. Candidates must demonstrate their ability to work in the UK and will be appointed based on merit.

Key Responsibilities:

• Reporting of daily and periodic profit and loss reporting including analysis via risk parameter attribution and strategy, along with detailed commentary of revenue drivers;
• Computation and analysis of reserve requirements in respect of provisions and valuation adjustments, including periodic review of methodologies;
• Review (or where relevant completion of) balance sheet and trade population reconciliations to ensure completeness, existence & accuracy of valuations;
• Providing management or financial information to relevant governance forums or as part of head office reporting packages;
• Identification, escalation and resolution of issues regarding Product Control and related activities;
• Maintaining and enhancing good working relationships with stakeholders, including business and control / infrastructure teams globally;
• Participation in projects and system enhancements as required, ensuring effective control and continuous process improvement;
• Ensure adherence to Product Control and Finance Policies and Procedures as well as to relevant regulatory requirements and accounting standards;
• Documentation of control activities and methodologies undertaken in respect of the above responsibilities to a standard sufficient to ensure hand over of tasks and auditability of results and including the management of operational risks;
• Conducting analysis in support of the Product Control and Finance functions, whether through additional ad hoc tasks or presentation of written materials.

Key Skills:

• Strong analytical skills in financial reporting and analysis;
• Experience in risk parameter attribution and strategy analysis;
• Knowledge of reserve requirements and valuation adjustments;
• Ability to conduct balance sheet and trade reconciliations;
• Effective communication skills for stakeholder engagement;
• Experience in project participation and system enhancements;
• Understanding of regulatory requirements and accounting standards;
• Documentation and auditability of financial processes;
• Ability to manage operational risks.

Salary (Rate): £450 per day

City: London

Country: United Kingdom

Working Arrangements: undetermined

IR35 Status: undetermined

Seniority Level: undetermined

Industry: Finance