Structured Rates Product Controller

Structured Rates Product Controller

City of London Full-Time 60000 - 84000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our team as a Structured Rates Product Controller, bridging Front Office and Finance.
  • Company: Work with a renowned Investment Bank in a dynamic London environment.
  • Benefits: Enjoy a hybrid work model with three days in the office and flexible hours.
  • Why this job: Be part of a collaborative culture that values diversity and offers impactful projects.
  • Qualifications: Strong knowledge of structured products and relevant accounting qualifications required.
  • Other info: We celebrate equity and inclusion, welcoming diverse talent to apply.

The predicted salary is between 60000 - 84000 £ per year.

Our client, a well-known Investment Bank, is looking for a Structured Product Controller - AVP Equivalent to join their team based in London. The role is hybrid, and you will be expected to be in the office three days a week.

Key responsibilities:

  • To provide an effective link between Front Office & other stakeholders within the wider Finance team, bringing specialist product knowledge into the arena, so that any disagreements in daily P&L are resolved on a timely basis & ultimate P&L agreement with FO is achieved, evidenced & logged.
  • Daily production of P&L and decomp reporting to the front office traders, including an analytical review of the risk-based decomposition, comparison of trader flash versus actual and other end of day reports.
  • To ensure integrity of the bank's books and records, including reconciliation to bank's ledger systems, attestation of the books and records each month end.
  • To ensure the wider Product Control team and stakeholders are immediately aware of revaluation issues that may affect downstream activity.
  • Production of analytical reporting to the business and Finance team, in addition to ad-hoc reporting as required by Front Office & senior management.
  • Involvement in key change management projects to deliver improvements to our daily processes.
  • To ensure PC remains & is seen to be an independent control function.
  • To support and provide training to members of the team.

Essential requirements:

  • Strong vanilla options, structured interest rates and note issuance product and revaluation skills.
  • Competent accountancy skills; preferably fully qualified CIMMA/ACA/ACCA or equivalent/similar.
  • Excellent communication skills especially with Front Office members.
  • Effective in allocating priorities.
  • Accounting Qualification, ACA, ACCA, CIMA or similar/equivalent.

Inventum is passionate about equity, diversity and inclusion. We seek individuals from the widest talent pool and encourage diverse and underrepresented talent to apply for vacancies with us. Inventum is committed to ensuring our recruitment processes are fair to all applicants, regardless of background and personal characteristics. Inventum Group is acting as an Employment Agency in relation to this vacancy.

Structured Rates Product Controller employer: Inventum Group (Formally Wells Tobias)

At Inventum, we pride ourselves on being an exceptional employer, particularly for the Structured Rates Product Controller role in our vibrant London office. Our hybrid work model fosters a balanced work-life environment, while our commitment to employee growth through training and development ensures that you can advance your career in a supportive and inclusive culture. Join us to be part of a dynamic team where your contributions are valued, and you can make a meaningful impact in the world of finance.
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Contact Detail:

Inventum Group (Formally Wells Tobias) Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Structured Rates Product Controller

✨Tip Number 1

Familiarise yourself with the specific structured products and vanilla options mentioned in the job description. Understanding these products inside out will not only help you during interviews but also demonstrate your genuine interest and expertise in the field.

✨Tip Number 2

Network with professionals already working in product control or similar roles within investment banks. Engaging with them on platforms like LinkedIn can provide you with insights into the role and potentially lead to referrals, which can significantly boost your chances of landing the job.

✨Tip Number 3

Brush up on your analytical skills, especially in relation to P&L reporting and risk-based decomposition. Being able to discuss your analytical approach and any relevant experiences during the interview will set you apart from other candidates.

✨Tip Number 4

Prepare to showcase your communication skills, particularly how you would interact with Front Office members. Think of examples where you've successfully resolved conflicts or communicated complex information clearly, as this is crucial for the role.

We think you need these skills to ace Structured Rates Product Controller

Strong knowledge of vanilla options and structured interest rates
Revaluation skills for structured products
Competent accountancy skills
Fully qualified ACA, ACCA, CIMA or equivalent
Excellent communication skills with Front Office members
Analytical skills for P&L and decomposition reporting
Attention to detail in financial reporting
Ability to resolve discrepancies in P&L
Experience in reconciliation processes
Project management skills for change management initiatives
Training and mentoring abilities for team support
Effective prioritisation and time management skills
Understanding of banking ledger systems
Ability to produce ad-hoc analytical reports

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Structured Rates Product Controller position. Tailor your application to highlight relevant experience in structured products and P&L reporting.

Highlight Relevant Qualifications: Clearly state your accounting qualifications (ACA, ACCA, CIMA or equivalent) in your CV and cover letter. Emphasise any specific experience with vanilla options and structured interest rates, as these are crucial for the role.

Showcase Communication Skills: Since excellent communication with Front Office members is essential, provide examples in your application that demonstrate your ability to communicate effectively and resolve conflicts, particularly in a finance context.

Tailor Your Cover Letter: Craft a compelling cover letter that not only outlines your qualifications but also reflects your understanding of the company's commitment to equity, diversity, and inclusion. Mention how your background aligns with their values.

How to prepare for a job interview at Inventum Group (Formally Wells Tobias)

✨Showcase Your Product Knowledge

Make sure to demonstrate your understanding of structured products, vanilla options, and interest rates during the interview. Be prepared to discuss specific examples from your past experience that highlight your expertise in these areas.

✨Communicate Effectively

Since excellent communication with Front Office members is crucial, practice articulating complex financial concepts clearly and concisely. Use examples to illustrate how you've successfully communicated with stakeholders in previous roles.

✨Highlight Your Analytical Skills

Prepare to discuss your experience with P&L reporting and analytical reviews. Bring examples of how you've approached risk-based decomposition and reconciliations, as this will show your ability to handle the responsibilities of the role.

✨Demonstrate Change Management Experience

Be ready to talk about any key change management projects you've been involved in. Highlight how you contributed to process improvements and how you ensured that the Product Control function remained independent and effective.

Structured Rates Product Controller
Inventum Group (Formally Wells Tobias)
I
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