Junior Product Controller - Associate equiv - loan products

Junior Product Controller - Associate equiv - loan products

City of London location - candidate would want to be in office 5 days a week

Banking & Financial Services CIBReason for hire:

Significant internal projects have arisen including implementing new products, reporting processes and hedge accounting.Purpose:

Standard daily, weekly, monthly and quarterly deliverables as well as a significant amount of ad hoc queries. This role is expected to have extensive liaison with Operations, Treasury, Business Management and Risk Management function.Key Responsibilities:

• Ownership of tasks within daily, monthly & quarterly P&L production and Balance Sheet review of all Treasury, Loan and Deposit products
• Assisting the Team Manager with the daily and month-end analysis of:
  1. the FX trading P&L
  2. Hedge Accounting analysis
  3. Hedge Effectiveness testing
  4. Reporting and analysis to support the local management accounts and HO Reporting
  5. Independent Price Verification review
• Assisting the Team Manager on the Balance Sheet Substantiation and ensuring that the key reconciliations and analysis are all signed-off and submitted for review as part of the month-end time-tables
• Working closely with the Team Manager and Senior Financial Controller on preparing the audit pack and replying auditors' enquiries
• Preparation of the daily P&L reports for review by the Team Manager in order that these reports are published before mid-day on T+1. Escalating issues and concerns immediately where appropriate
• Work closely with the Team Manager and assist in developing financial/analysis data and reports for business management in the form and at the frequency required by the Management committee/ ALCO and assist in the reports required for the Head Office

• Work closely with the Team Manager / Financial Controller and assist with any new product approvals process and to assist in developing financial/product information/ data required for any new products
• Investigation of issues and exceptions with other members of the Finance function, Technology, Risk and Operations and any other areas of the Branch
• Standardizing the documentation for the daily, monthly product control manuals, procedures and processes and assisting the Team Manager with the periodic updates and reviews of the documentation and proposing required changes
• Assisting in the planning, testing and implementation of key systems / upgrades to systems or new products which affect Product Control & wider Finance team as required [NB: for new products this will involve understanding the product features and required analysis of cash-flows / valuation principles and defining the requirements as part of the New Product Approval (NPA) sign-off]
• Actively contribute financial analysis to the monthly ALCO meeting as requested by Team Manager
• Provide leave of absence cover for the production of other deliverables within the department as appropriate in order to satisfy internal control framework requirements
• In addition to these functions, employees are required to carry out such other duties as may reasonably be required