Product Controller
- London, ENG (GBR)
- Negotiable
- 3 Months
- Start date: ASAP
- Ref: 19067686
- product control
- reporting
- testing
- business transformation / Change Mang
- accounting
- reconciling
- validation
- balance sheet
- mis
- lending
- valuations
- process control
Overview of business area or project:
The Strategic Transactions Group is a global business undertaking complex, bespoke, structured transactions that cover a diverse range of structures from Renewable Energy investments to earn investment tax credits, structured lending with other investment banks to Insurance Premiums providing a varied workload.
STG is distinct from most areas of PC as it is an integrated PC function - there is no separation of line control, business control and valuation control.
The STG Product Control team is responsible for understanding and controlling the structured trading business by substantiating the completeness, accuracy and validity of all business related corporate data. This will include completion of reconciled monthly P&L, Balance Sheet, and MIS for senior management.
Key Responsibilities
Line Control, Valuation Control and Business Control:
- P&L validation and P&L commentary.
- Balance sheet substantiation including FOBO reconciliations and resolution of reconciling items.
- Price testing, valuations and analysis.
- Journal entries.
- Implementation of Accounting Policy and Legal Entity Reporting. Control reporting including escalation of issues, liaising with Auditors and Incident Reporting.
New Business:
Contribute to due diligence assessment and implementation of new trades through the New business process including book management, system set up and testing, and collation of deliverables as part of the sign off process. Working closely with other teams across PC, FO, Operations, MO and I.T. Preparing Structured Trade Reviews (STR’s) for executed new business projects.
Projects & Ad-hoc: Active involvement in change management, specifically the reduction of manual journals and processes, increasing straight through process control and reducing operational risk. Book rationalization for dormant trades. UAT for any centrally run project initiatives that impact the STG BSO.
Work closely with Financial Accounting, Middle Office, Structuring, FO Trading and COO on a regular basis.
Overview of the department / team (team size, backgrounds, personalities …):
- 7 members of the STG team. Currently, 2 VP, 2 AVP with the remainder being ENO’s. ENO’s have a mix of significant audit and product control experience.
- Structurers are based in US predominantly and we support from London.
- Social and fun team.
