Product Controller

Job Responsibilities

• Review, reconcile, and prepare trading P&L reports for one or more funds on a daily basis
• To have a full understanding of the P&L, and what is driving daily moves, including cash and risk-based attribution
• Fully understand the processes, calculations, rules, and data used in the P&L and NAV processes of the investment manager, its funds, and its Administrators
• Maintain a strong working relationship with Trading, Treasury, Risk, and Operations
• Support systems and processes improvement on the desk working in close partnership with Technology
• Support Finance, Compliance, Investor Relations, and Audit with tax, regulatory, and client reporting

Duties

• PnL and NAV Production
• Daily production and verification of Trading P&L using Internal, Administrator, and Risk-based systems
• Explanation of P&L to the front office, with investigation and reporting of variances to the P&L with valid explanations
• Calculation of funding, brokerage, interest charges, other accruals, etc.
• Daily production of the Fund NAV and share class level return information
• Monthly reconciliation of Trading books P/L with the Administrator
• Monthly NAV and PnL reconciliation of the Fund internal return estimate with the Administrator
• Dealing with requests and queries from internal and external clients (Trading, Operations, Auditors, Investors, Regulators, etc.)

Change Initiatives

• Propose ideas to improve the operating environment and infrastructure of Product Control
• Support the creation of business requirements document (BRDs) which explain requirements to Technology for development
• Test and implement new tools, systems, and process into business as usual
• Collaborate across Capula on change
• Support new business proposals (funds, products, counterparties, etc.)

Overall Responsibilities

• Maintain a robust risk and control framework around all deliverables
• Maintain current procedures documents across all BAU activities
• Communicate effectively across the organization
• Maintain professional relationships with all counterparties, most notably the Administrator
• Note that in addition to these duties employees are required to carry out such other duties as may be reasonably required

Education And Qualifications

• Fully qualified ACA/ACCA/CIMA (or equivalent)

Requirements

• 2+ years of experience in fund accounting / audit (financial services) / investment management is strongly preferred
• Some exposure to derivatives / trading portfolio is strongly preferred
• Experience with accounting software such as Geneva is preferred but not essential
• Experience with fund taxation is preferred but not essential

Skills

• Excellent quantitative and analytical skills accompanied by critical thinking and intellectual curiosity
• Knowledge of US GAAP or regulatory standards related to investment funds is preferred
• Exposure to derivatives (listed and OTC equity, fixed income, and credit products) is preferred
• Understanding of concepts like Yield Curve, Forward rates, discounting, etc.
• Demonstrable experience communicating with and managing stakeholder expectations
• Experience working with third-party Administrators (preferred)
• Advanced Microsoft Excel skills, including modelling complex calculations
• Coding skills are desirable (VBA, SQL, Python)
• Outstanding interpersonal and communication skills
• An interest in working in a highly dynamic environment

Benefits

• Competitive salary
• Private medical insurance
• Life assurance
• Pension
• Corporate gym membership (and a complimentary wellness space in our London office)
• Employee restaurant with free breakfast, lunch, and dinner

Seniority Level

Entry level

Employment Type

Full-time

Job Function

Finance and Sales

Industries

Non-profit Organizations and Primary and Secondary Education

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