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.
- Other info: Collaborative culture with opportunities for professional growth and development.
- 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.
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
Join a leading global banking organisation in London, where you will be part of a dynamic team dedicated to enhancing technology and security within a large enterprise virtual desktop environment. With a strong focus on employee growth, the company offers competitive pay, a collaborative work culture, and opportunities to engage with cutting-edge technologies while contributing to meaningful security improvements. This role not only allows you to leverage your expertise but also provides a platform for professional development in a supportive and innovative setting.
StudySmarter Expert Advice🤫
We think this is how you could land Product Controller
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Magnit Global. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Product Controller
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Magnit Global.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Magnit Global's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Magnit Global
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Magnit Global.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Magnit Global will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Magnit Global employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
