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For Companies At a Glance
- Tasks: Lead daily P&L validation, financial reporting, and product performance analysis.
- Company: Join CMC Markets, a dynamic player in the financial services industry.
- Benefits: Enjoy a supportive work culture with opportunities for growth and development.
- Why this job: Be at the forefront of product diversification and make a real impact on financial success.
- Qualifications: Qualified accountant with experience in product control and strong analytical skills required.
- Other info: We value diversity and encourage applications from all backgrounds.
The predicted salary is between 72000 - 108000 £ per year.
The Group Product Controller is a newly created and pivotal role within our finance team, designed to support our strategic product diversification and expansion efforts. This role is responsible for the accurate validation and reporting of profit and loss (P&L) across all trading desks on a daily, weekly, and monthly basis. The successful candidate will play a critical role in ensuring the financial integrity and performance of both new and existing products, providing vital insights to senior management and contributing to the company's long-term success.
Key Responsibilities:
- Daily P&L Validation and Reporting: Accurately validate and report daily profit and loss figures for all product lines, including futures, options, cash equities, and treasury products. Ensure data accuracy and consistency across all reporting platforms. Investigate and resolve any discrepancies in a timely manner.
- Weekly and Monthly Financial Reporting: Prepare and deliver comprehensive weekly and monthly financial reports, including variance analysis and commentary on P&L performance. Collaborate with finance, risk, and product teams to ensure alignment on financial results and key metrics.
- Product Performance Analysis: Conduct in-depth analysis of product performance, identifying trends, risks, and opportunities for improvement. Provide actionable insights and recommendations to senior management to drive profitability and support strategic decision-making.
- Support Product Diversification and Expansion: Work closely with product teams to understand the financial impact of new product launches and expansions. Develop and maintain robust financial models to assess the profitability of new products and initiatives. Monitor and report on the financial performance of new products post-launch.
- Financial Controls and Compliance: Establish and maintain strong financial controls to ensure the accuracy and integrity of financial data. Ensure compliance with relevant accounting standards and regulatory requirements. Liaise with external auditors during financial audits and reviews.
- Cross-Functional Collaboration: Partner with key stakeholders across the organization to support business objectives. Build and maintain relationships with both Front Office and other control areas including Risk, Treasury, FP&A and Operations and gain commercial understanding of the relevant businesses and their operational processes.
KEY SKILLS AND EXPERIENCE
- Qualified accountant (ACA/ACCA/CIMA)
- Proven experience in product control, financial reporting, or similar role within the financial services industry
- Strong understanding of financial products, particularly in futures, options, cash equities, and treasury.
- Advanced proficiency in financial modelling, analysis, and reporting tools (e.g. Excel, SQL, Power BI).
- Excellent analytical skills with a keen attention to detail and accuracy.
- Strong communication and interpersonal skills, with the ability to present complex financial information to non-financial stakeholders.
- Ability to interact with senior management and Front Office staff
- Ability to work under pressure, meet tight deadlines, and manage multiple priorities in a fast-paced environment.
- Experience with financial control frameworks and regulatory requirements is a plus.
Head of Product Control | London, UK employer: CMC Markets
Contact Detail:
CMC Markets Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Product Control | London, UK
✨Tip Number 1
Familiarise yourself with the specific financial products mentioned in the job description, such as futures, options, and cash equities. Understanding these products will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the finance industry, particularly those who work in product control or similar roles. Engaging with them can provide valuable insights into the expectations of the role and may even lead to referrals.
✨Tip Number 3
Brush up on your financial modelling and reporting skills, especially in tools like Excel and Power BI. Being able to showcase your proficiency in these areas during discussions can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with financial controls and compliance. Be ready to share examples of how you've ensured data accuracy and integrity in previous roles, as this is a key aspect of the position.
We think you need these skills to ace Head of Product Control | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in product control and financial reporting. Emphasise your qualifications, such as ACA/ACCA/CIMA, and showcase your understanding of financial products like futures and options.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the key responsibilities outlined in the job description. Mention your experience with P&L validation and financial reporting, and how you can contribute to the company's strategic goals.
Highlight Analytical Skills: In your application, emphasise your analytical skills and attention to detail. Provide examples of how you've successfully conducted product performance analysis or resolved discrepancies in financial data.
Showcase Communication Abilities: Demonstrate your strong communication skills by detailing experiences where you've presented complex financial information to non-financial stakeholders. This will show your ability to interact effectively with senior management and other teams.
How to prepare for a job interview at CMC Markets
✨Know Your Financial Products
Make sure you have a solid understanding of the financial products mentioned in the job description, such as futures, options, cash equities, and treasury products. Be prepared to discuss how these products work and their impact on P&L.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical skills by discussing past experiences where you've conducted product performance analysis. Bring examples of how your insights led to actionable recommendations that improved profitability.
✨Highlight Cross-Functional Collaboration
Emphasise your experience working with various teams, such as finance, risk, and product teams. Be ready to share specific examples of how you’ve built relationships and collaborated to achieve business objectives.
✨Prepare for Technical Questions
Expect technical questions related to financial modelling and reporting tools like Excel, SQL, or Power BI. Brush up on your skills and be ready to discuss how you've used these tools in previous roles to enhance financial reporting accuracy.
