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For Companies At a Glance
- Tasks: Ensure accurate profit & loss reporting and support financial governance across asset classes.
- Company: Leading Global Investment Bank offering a dynamic finance environment.
- Benefits: Competitive daily rate, flexible working, and exposure to high-level finance operations.
- Why this job: Join a pivotal role in finance, impacting trading and risk management directly.
- Qualifications: Experience in Product Control and strong analytical skills required.
- Other info: Collaborative culture with opportunities for professional growth and development.
The predicted salary is between 90000 - 126000 £ per year.
A leading Global Investment Banking organisation is seeking an experienced Product Controller to join its Finance function on a 6-month contract. This role sits at the heart of Front Office support, playing a critical role in ensuring accurate profit & loss reporting, robust valuation control, and strong financial governance across multiple asset classes. The successful candidate will work closely with Trading, Risk, and Finance teams, contributing to both business-as-usual control activities and ongoing process and systems enhancements.
Key Responsibilities for Product Controller:
- Produce and review daily and periodic P&L reporting, including detailed analysis and commentary on revenue drivers, risk parameter movements, and trading activity.
- Perform Independent Price Verification (IPV) and valuation analysis, including validation of market data, model inputs, and fair value adjustments.
- Calculate, review, and maintain valuation adjustments and reserves, ensuring methodologies remain appropriate and compliant with regulatory and accounting standards.
- Provide quality assurance and sign-off of P&L and balance sheet data used for management reporting, governance forums, and decision-making.
- Review balance sheet and trade population reconciliations to ensure completeness, accuracy, and valuation integrity.
- Support new product approvals, complex transactions, and business initiatives by ensuring appropriate booking, valuation, and reserve methodologies.
- Act as a key point of contact for external auditors, regulators, and internal stakeholders, supplying financial analysis and control evidence as required.
- Identify, elevate, and help resolve control issues, contributing to a strong risk and control culture.
- Participate in projects, system implementations, and process improvements to enhance efficiency and control frameworks.
- Maintain clear documentation of control activities, methodologies, and procedures to ensure auditability and operational resilience.
Key Skills & Experience for Product Controller:
- Proven experience in a Product Control role within an Investment Banking front office environment.
- Exposure to multiple asset classes; experience in Credit products is advantageous.
- Strong understanding of P&L attribution, valuation methodologies, reserves, and financial controls.
- Experience working closely with Front Office, Risk, and Finance stakeholders in a fast-paced environment.
- Solid knowledge of regulatory and accounting standards relevant to investment banking.
- Strong analytical skills with the ability to produce clear, insightful commentary for senior stakeholders.
- Systems experience with Murex and Business Objects is desirable.
- Excellent communication skills and the ability to operate effectively within global teams.
Product Controller employer: Magnit Global
Contact Detail:
Magnit Global Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Controller
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and investment banking sectors. Attend industry events or webinars, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews by brushing up on your technical skills and understanding of P&L reporting and valuation methodologies. We recommend doing mock interviews with friends or using online platforms to get comfortable discussing your experience and how it relates to the role.
✨Tip Number 3
Showcase your analytical skills! When you get the chance to discuss your previous work, focus on how you’ve contributed to financial governance and control frameworks. We want to hear about specific examples where you’ve made an impact.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Product Controller
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Product Controller role. Highlight your experience in P&L reporting, valuation methodologies, and any relevant asset classes. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your experience with trading, risk, and finance teams, and how you can contribute to our strong financial governance.
Showcase Your Analytical Skills: In your application, be sure to showcase your analytical skills. Provide examples of how you've produced insightful commentary on revenue drivers or resolved control issues in previous roles. We love seeing those problem-solving abilities!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can't wait to see what you bring to the table!
How to prepare for a job interview at Magnit Global
✨Know Your Numbers
As a Product Controller, you'll be dealing with P&L reporting and valuation analysis. Brush up on your financial metrics and be ready to discuss how you’ve handled profit and loss reporting in the past. Be specific about the methodologies you've used and any challenges you've faced.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess. Think of examples where you've provided insightful commentary on trading activity or risk parameter movements. Use data to back up your claims and show how your insights have influenced decision-making.
✨Familiarise Yourself with Regulatory Standards
Since this role requires a solid understanding of regulatory and accounting standards, make sure you’re up to speed on the latest regulations relevant to investment banking. Be prepared to discuss how you've ensured compliance in your previous roles.
✨Communicate Effectively
Excellent communication skills are key in this role. Practice articulating complex financial concepts clearly and concisely. Think about how you can convey your experience working with Front Office, Risk, and Finance teams, and be ready to share examples of successful collaboration.
