Junior Product Controller

  • Market Rate
  • London, England, United Kingdom
  • Permanent, Full time
  • Maze Executive Search & Selection
  • 19 Feb 18 2018-02-19

My client, a capital management firm, is looking for a strong candidate with 1-2 years relevant experience in Product Control. Candidate should have strong communication skills and good knowledge of OTC products.

The Company

A leading capital management firm, founded in 2000 and based in Victoria.

The Financial Control Team

The Financial Control team can be broken down into a number of core areas

  • Product control
  • Tax
  • Partnership Reporting
  • MIS Reporting
  • Payroll

In total there are 27 people in this team across 4 offices (London, Jersey, NY and Singapore).

The Product Control Team

The Product Control team is part of the wider Financial Control Group and consists of approximately 16 people across 3 offices (London, NY and Singapore). The group is split into 3 core teams:

  • EM, Credit, Equities and Singapore team
  • Rates/FX Trading
  • Expenses and Financial Statements

The Role

  • Production of a variety of daily P&Ls across different core trading desks and across many different product categories.
  • Working closely with cross functional teams across the organisation and our fund administrator to ensure delivery of an accurate and timely P&L.
  • Resolving issues surrounding the P&L
  • Daily conversations with the Front Office – resolving any questions
  • Valuation Verification
  • Producing stats / performance measures for management
  • Regulatory Reporting
  • Project work – trader requests, management requests, improving the process, set up of new products / desks / trading lines.

Team Business as Usual:

  • Production of the daily P&L process, including explanation of P&L by driver
  • Full month-end close process including:
    • Adherence to valuation source hierarchy and overall valuation policy
    • Documentation of non-standard valuation sources
    • Assisting administrator in receiving independent confirmation of external valuations
    • Reconciliation of estimate balance sheet / p&l to final balance sheet / p&l
  • Monitoring of daily valuation changes to ensure movements are in line with market drivers
  • Documentation of non-standard valuation sources
  • Internal reporting
    • Daily reporting of p&l by region, trader, currency etc.
    • Prepare monthly, quarterly and ad-hoc reports for senior management summarizing p&l attribution, trader performance, key drivers, changes and/or risks to business continuity.
  • External reporting
    • Assist in presentation of schedule of investments in annual audited financial statements
    • Regulatory reporting – assist in the preparation and review of:
      • Form PF
      • CPO
      • Jersey

The Candidate:

The ideal candidate should have experience of daily P&L production and ideally worked in a P&L controller function at a bank or a hedge fund for a minimum of 1-2 years.

The candidate must have very good grades in numerical subjects, a strong degree from a major academic institution and have a strong interest in financial markets.

The candidate should be able to demonstrate initiative, manage his/her time effectively, as well as being committed in balancing the needs of all stakeholders. Very importantly, the candidate should be able to work independently and be delivery focused. In addition, given the dynamic nature of this company, an ability to change from one process to another quickly and handle various ad-hoc requests is a must.

This organisation has a well-developed culture and for the candidate joining they must be able to integrate and build a strong network with peers, management and the rest of the PC team quickly and confidently.