Product Control Supervisor Product Control Supervisor …

Citi
in Budapest, Budapest fovaros, Hungary
Permanent, Full time
Be the first to apply
Competitive
Citi
in Budapest, Budapest fovaros, Hungary
Permanent, Full time
Be the first to apply
Competitive
Product Control Supervisor
  • Primary Location: Hungary,Budapest,Budapest
  • Education: Bachelor's Degree
  • Job Function: Finance
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: No
  • Job ID: 19024657


Description

Product Control is the largest department in Finance primarily responsible for controlling daily profit and loss reporting, price verification and trading activity for the Institutional Clients Group. We work closely across functions on a daily basis (including the Trading desks, Risk Management, Operations, and other areas of Finance) and develop a deep understanding of the products traded, along with the associated market risks and accounting complexities.

In our team we are looking for a: 

Product Control Supervisor

.

We work closely across functions on a daily basis (including the Trading desks, Risk Management, Operations, and other areas of Finance) and develop a good understanding of the products traded, along with the associated market risks and accounting complexities.

We offer unique opportunity to get to know all the full range of institutional and investment banking products in the working practice of a globally leading multinational financial services conglomerate.

Our Budapest office is deeply integrated part of the EMEA regional hub, establishing direct contact with the business and finance areas in the regional centre. 

Your tasks:

• Ensure that the firm's risk portfolios are fairly valued
•Managerial responsibilities
•Support, develop and review direct reports
•Challenge and coach team members and make sure their output corresponds to highest standards
•Daily production of P&Ls and communication / review of results with the Desk. Explanation of P&L movements to management in terms of trading activity, key drivers and profit attribution analysis
•Participation in desk level activities, including preparing the daily product specific business level revenues and commentary
•Understand the Price Verification process and its impact on the P&L
•Work closely with the Valuation Review Team
•Provide detailed market commentary and analysis to verify adequacy of P&L movements and consistency with Desk strategy
•Reviewing and analysing new trades, understanding the structure, associated risks and the P&L generated on them
•Push through enhancements, use effective escalation on recurring issues to help reduce the burden on PC, ensure focus on core controls
•Support standardization project to underlying Product Control's P&L working files for efficiency and consistency across multiple P&L's to enable effective cross-training and consistent controls in detailed working files
•Working with Accounting Policy to determine appropriate accounting treatment for trades under U.S and U.K GAAP
•Taking ownership of the Balance Sheet and ensuring adequate Balance Sheet and P&L controls exist and are monitored daily
•Working on ad-hoc projects relating to improvements of system infrastructure

Requirements:

•Management/supervisory experience
•Good understanding of Capital Markets
•Good financial/accounting knowledge
•6-7 years of experience in similar role
•University/College degree in Accounting/Finance
•Excellent spoken and written English
•Strong PC skills in Excel, Word, and Access.  Training will be provided on other systems used within this position such as S2, Oasys etc.
•Excellent interpersonal skills - able to deal with a range of senior/junior staff across a number of departments of the Corporate Investment Bank.

What we offer:

• Develop management/leadership skills
•Learn about Capital Markets products
•Extend product and technical knowledge
•Understand trading strategies and P&L generation
•Deepen knowledge and understanding of P&L attribution, potential to become a subject-matter expert
•Opportunity to focus on added value work 

Apply now to be part of this dynamic team.

Qualifications

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