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For Companies At a Glance
- Tasks: Validate and report daily profit and loss figures across trading desks.
- Company: CMC Markets is a leading financial services provider focused on product diversification.
- Benefits: Enjoy a full-time role with opportunities for growth and collaboration in a dynamic environment.
- Why this job: Be a key player in financial integrity and product performance, influencing company success.
- Qualifications: Qualified accountant with experience in product control and strong analytical skills required.
- Other info: Join a diverse team that values equal opportunities and encourages fresh perspectives.
The predicted salary is between 43200 - 72000 £ 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.
CMC Markets is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of gender, sexual orientation, marital or civil partner status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age.
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Accounting/Auditing
Group Product Controller employer: CMC Markets
Contact Detail:
CMC Markets Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Group Product Controller
✨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, especially those who work in product control or similar roles. Engaging with them can provide valuable insights into the company culture at CMC Markets and may even lead to referrals.
✨Tip Number 3
Brush up on your financial modelling and reporting skills, particularly 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 how you've handled discrepancies in financial data in the past. This role requires a keen attention to detail, so having concrete examples ready will highlight your problem-solving abilities and suitability for the position.
We think you need these skills to ace Group Product Controller
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 any specific skills related to financial products like futures and options.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying to CMC Markets. Discuss how your background aligns with the responsibilities of the Group Product Controller role, particularly in P&L validation and financial analysis.
Showcase Analytical Skills: In your application, provide examples of how you've used analytical skills to drive profitability or improve financial processes. Mention any tools you are proficient in, such as Excel or Power BI, to demonstrate your technical capabilities.
Highlight Cross-Functional Collaboration: Mention any experience you have working with different teams, such as finance, risk, or product teams. This will show your ability to collaborate effectively and support business objectives, which is crucial for the role.
How to prepare for a job interview at CMC Markets
✨Understand the Financial Products
Make sure you have a solid grasp of the financial products mentioned in the job description, such as futures, options, cash equities, and treasury products. Being able to discuss these confidently will show your expertise and readiness for the role.
✨Prepare for P&L Discussions
Since daily P&L validation and reporting is a key responsibility, be prepared to discuss your experience with profit and loss reporting. Bring examples of how you've handled discrepancies and ensured data accuracy in previous roles.
✨Showcase Your Analytical Skills
Highlight your analytical skills by preparing to discuss specific instances where you've conducted product performance analysis. Be ready to share insights or recommendations you've made based on your analyses that led to improved profitability.
✨Demonstrate Cross-Functional Collaboration
This role requires collaboration with various teams. Prepare examples of how you've successfully worked with different departments in the past, particularly in finance, risk, and product teams, to achieve common goals.
