Product Control - New York, United States - PGMTEk

PGMTEk

Verified Company

New York, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

This Product Control role is in the Product Control group where the group's core responsibility is to develop and maintain an infrastructure around the revenue generating capabilities of the firm.

Product Control seeks to challenge and partner the business in order to optimize financial returns.

ROLE RESPONSIBILITIES:

The primary responsibility for a product controller is to produce Subledger substantiation and P&L for the trading desk, substantiate the P&L numbers, explain the P&L to both the traders and onshore regional controllers and ensure that they maintain a 'control' environment.
To ensure that the daily P & L is accurately reported to the Finance Officer & reconciled between P & L tools & management reporting tools.
To ensure that the relevant P&L and Balance sheet positions are correctly reported at month ends and that the applicable reconciliations have been completed and all issues identified/resolved.
Providing daily commentary on P&L swings and variance investigation to Front office traders and senior finance managers to ensure that the controls are adhered to.
To coordinate the completion and delivery of the tasks allocated to the team.
To provide advice to the business on the P&L impact of trades and the interaction of the Front and Back Office systems, especially regarding trades and proposed new workflows.
To ensure that applicable accounting standards are adhered to regarding P&L and Balance Sheet reporting.
To ensure that Global policies are adhered to at all times and are kept fully up to date with any changes in the business requirements.
To act as trouble shooter within the team.

JOB REQUIREMENTS:

Strong knowledge of key Financial Reporting
Strong analytical skills and detail oriented
Broad understanding of the product types traded by the desk and any valuation issues thereof.
Ability to understand the booking structure for complex trades and raise relevant issues to Product Control management.
Good understanding of the P&L production and reporting methodology for the P&L's.
Good understanding of the relationship between Valuations and P&L teams within the bank and the various areas of interaction required.
Good understand of the valuation of all products under their control.
Broad overview of Product Control's interaction with Regulatory Reporting
Confident in double entry accounting associated with products under their control.
Awareness of all Global Policies that impact the area that they control.

MS office

Intermediate level
Ability to train other members of Finance on the products.
Good understanding of the Financial Markets as they relate to the Products under their control.
Ability to work to tight daily and monthly deadline

Pay:
$95, $105,000.00 per hour

Benefits: