Product Controller

Summary: An exciting opportunity for a seasoned Product Controller has arisen at a leading financial markets and commodities bank in London. The role focuses on maintaining the integrity of financial statements through P&L production, balance sheet reconciliation, and price testing of trading inventory. The successful candidate will engage in both daily reporting and project-based initiatives, contributing to the overall financial accuracy and risk management of the organization.

Key Responsibilities:

• Production of daily profit and loss (P&L) accounts from trading activity.
• Validation of P&L against attribution received from Trading or Risk systems.
• Understanding drivers of P&L based on knowledge of risk exposure and market movements.
• Providing daily commentary on P&L once relevant thresholds have been exceeded.
• Ensuring completeness, accuracy, and integrity of the Bank’s accounting ledger via reconciliations, posting ledger entries, and attestation.
• Identifying and flagging any issues encountered before they become major issues, suggesting ways to remedy where feasible.
• Preparation and development of Management Information (MI).
• Involvement in project-based components such as implementation of new systems or processes.

Key Skills:

• Several years' experience in a P&L Production role at an Investment Bank, Hedge Fund, or Trading House.
• Knowledge of various asset classes including FX, Rates & Credit, Commodities, Base Metals, Precious Metals, and Energy (Oil & Gas).
• Hands-on P&L Production experience.
• Good understanding of Balance sheet substantiation and Market Risk concepts (e.g., VAR and backtesting).
• Proficiency in MS Excel & VBA required.
• Experience in Murex & SAP preferred but not essential.
• Strong analytical skills and ability to perform root cause analysis.
• Excellent communication skills.
• Experience in regulated environments with understanding of risk and compliance.

Salary (Rate): £650

City: London

Country: United Kingdom

Working Arrangements: undetermined

IR35 Status: undetermined

Seniority Level: undetermined

Industry: Finance