A leading Global Investment Banking organisation is seeking an experienced Product Controller to join its Finance function on a 6-month contract. This role sits at the heart of Front Office support, playing a critical role in ensuring accurate profit & loss reporting, robust valuation control, and strong financial governance across multiple asset classes.
The successful candidate will work closely with Trading, Risk, and Finance teams, contributing to both business-as-usual control activities and ongoing process and systems enhancements.
Key Responsibilities for Product Controller:
Produce and review daily and periodic P&L reporting, including detailed analysis and commentary on revenue drivers, risk parameter movements, and trading activity
Perform Independent Price Verification (IPV) and valuation analysis, including validation of market data, model inputs, and fair value adjustments
Calculate, review, and maintain valuation adjustments and reserves, ensuring methodologies remain appropriate and compliant with regulatory and accounting standards
Provide quality assurance and sign-off of P&L and balance sheet data used for management reporting, governance forums, and decision-making
Review balance sheet and trade population reconciliations to ensure completeness, accuracy, and valuation integrity
Support new product approvals, complex transactions, and business initiatives by ensuring appropriate booking, valuation, and reserve methodologies
Act as a key point of contact for external auditors, regulators, and internal stakeholders, supplying financial analysis and control evidence as required
Identify, elevate, and help resolve control issues, contributing to a strong risk and control culture
Participate in projects, system implementations, and process improvements to enhance efficiency and control frameworks
Maintain clear documentation of control activities, methodologies, and procedures to ensure auditability and operational resilience
Key Skills & Experience for Product Controller:
Proven experience in a Product Control role within an Investment Banking front office environment
Exposure to multiple asset classes; experience in Credit products is advantageous
Strong understanding of P&L attribution, valuation methodologies, reserves, and financial controls
Experience working closely with Front Office, Risk, and Finance stakeholders in a fast-paced environment
Solid knowledge of regulatory and accounting standards relevant to investment banking
Strong analytical skills with the ability to produce clear, insightful commentary for senior stakeholders
Systems experience with Murex and Business Objects is desirable
Excellent communication skills and the ability to operate effectively within global teams
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