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- Tasks: Join us as a Product Controller, handling P&L reporting and balance sheet management.
- Company: Randstad Financial & Professional is a leading recruitment agency in the finance sector.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Be part of a dynamic team, making impactful financial decisions and developing your skills.
- Qualifications: Ideal for those with analytical skills; finance background preferred but not essential.
- Other info: We welcome applicants from all backgrounds; merit-based appointments only.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
P&L reporting
- Reporting of Daily, Monthly & Year to Date Trading P&L and Balance Sheet for assigned desks as well as P&L attribution and commentary
- Reconciliation between the front office systems and sub-ledger as well as firm's general ledger?
- Reporting of material adjustments to the P&L, including discrepancies to the desk's flash to the team supervisor
- Ensure all balance sheet related breaks are investigated and resolved in a timely manner
- Ensure daily contro?l checks are completed for manager review, including review of the SOX daily checklist
- Make necessary daily Post Close Entries (PCE's)
- Compiling infrastructure issues for remediation
- Month end cost plus processing and adjustments
- Daily FX exposure reporting
- Month end netting and other adjustments processing
- Assist Team Supervisor in provision of weekly and monthly commentary / analysis for Head of Department
- Build good working relationships with Revenue division and other support departments
- Compile commentary for covered desks on a monthly basis
- Oversight of Offshore production on a daily basis. Liaise with offshore team managers to ensure timely resolution of breaks and meeting of reporting deadlines
- Train and instruct any junior staff and new offshore team members
- Assist team lead in compiling monthly balance sheet substantiation pack and account sign-off
- Compile ad-hoc reporting and analysis for the desk
- Participate on transition projects, including lead of workstreams as required
- Develop new reporting processes and tools as required
IPV
Controllers will be responsible for conducting an independent review of the valuation of the bank's trading positions, together with other related tasks on a periodic basis. This includes challenging trader inputs into inventory pricing as well as incremental assessment of less observable inputs.
- Independent Price Valuation
- FAS 157 Hierarchy
- Collateral Valuation Review
- Client Valuation Review
- Reserving & Provisioning
- Market Data Review
- Prudential Valuation Review and adhoc price stressing
On T+1, Controllers will conduct system analysis to ensure that the booking of the trades in the relevant systems enables the appropriate reporting of the economics & risks of these trades. Other related tasks to include:
- Monitoring of new trades P&L and review against market levels
- Trade population & position checks
- Market data existence & system consistency checks
- De-recognition test
- Trader Mandate reviews
- Hedge effectiveness and related accounting testing
Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003
product controller - contract employer: Randstad Perm Professionals
Contact Detail:
Randstad Perm Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land product controller - contract
✨Tip Number 1
Familiarise yourself with the specific P&L reporting processes and tools used in the finance industry. Understanding these systems will not only help you during interviews but also demonstrate your proactive approach to the role.
✨Tip Number 2
Network with professionals already working in product control or similar roles. Engaging with them on platforms like LinkedIn can provide insights into the day-to-day responsibilities and expectations, which can be invaluable during your application process.
✨Tip Number 3
Brush up on your knowledge of financial regulations and compliance standards, particularly SOX. Being well-versed in these areas will show that you understand the importance of controls and governance in the role.
✨Tip Number 4
Prepare to discuss your experience with reconciliation processes and how you've resolved discrepancies in the past. Real-life examples will help illustrate your problem-solving skills and attention to detail, which are crucial for this position.
We think you need these skills to ace product controller - contract
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in P&L reporting, reconciliation, and financial analysis. Use specific examples that demonstrate your skills in these areas, as they are crucial for the product controller role.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the position and the company. Mention how your background aligns with the responsibilities outlined in the job description, such as your experience with balance sheet management and reporting processes.
Highlight Technical Skills: Emphasise any technical skills you possess that are relevant to the role, such as proficiency in financial software or tools used for P&L attribution and commentary. This will show that you are well-equipped to handle the tasks required.
Showcase Team Collaboration: Since the role involves liaising with various departments and training junior staff, include examples of past experiences where you successfully collaborated with teams or mentored others. This will demonstrate your ability to build good working relationships.
How to prepare for a job interview at Randstad Perm Professionals
✨Understand P&L Reporting
Make sure you have a solid grasp of P&L reporting processes. Be prepared to discuss your experience with daily, monthly, and year-to-date trading P&L, as well as how you've handled balance sheet reconciliations in the past.
✨Showcase Your Analytical Skills
Highlight your ability to analyse discrepancies and provide commentary on P&L attribution. Be ready to give examples of how you've resolved issues in a timely manner and contributed to financial reporting accuracy.
✨Demonstrate Team Collaboration
Emphasise your experience in building relationships with various departments, especially the Revenue division. Discuss how you've worked with offshore teams and trained junior staff to ensure smooth operations.
✨Prepare for Technical Questions
Expect questions related to independent price valuation and market data review. Brush up on relevant regulations and be ready to explain how you've conducted system analysis to ensure accurate trade bookings.
