Product Control Executive

Full Description

We are recruiting for a Product Control Executive to join a large International Bank within their Commodity Trading team.

The Product Control group does this through daily review of P&L attribution, reserves & adjustments, review of front to back reconciliations, new trade reviews in conjunction with new trade/desk level risk oversight, and ensures a firm understanding on the drivers of P&L to produce accurate daily and period to date reporting & analysis

We are seeking a Product Controller to support our global Commodities Markets & Finance businesses based in London.

The Financial Management Group provides financial, tax and treasury services to all areas. The group is focused on three key outcomes:

• Managing balance sheet and profit and loss optimally and strategically
• Adding value to senior management and its businesses by providing advice and analysis that is strategic, timely, accurate and comprehensive
• Ensuring my client continues to meet the obligations within its regulatory and compliance framework.
• The Commodities Markets and Finance is a global business with operations across North America, Australia, Europe, and Asia. The Division provides tailored risk management solutions to an international client base through over-the-counter derivatives and physical commodities.
• For this role specifically in the London based PC team that will include Agricultural Commodities, Base and Precious Metals, Bulks as well as Energy products across European Power and Gas, Carbon, and LNG.

Key responsibilities include:

• Partnering with traders regarding risk, trading strategies and valuation impacts on P&L and balance sheet including participating in front office projects.
• P&L explain – attribution, analysis, and commentary on a daily and a period to date basis.
• New business support & oversight, including new deal write-ups, structured trade reviews.
• Regular interaction with offshore team who produce the daily P&Ls, key reconciliations and who run the month end process. Key responsibility to link the daily P&L and financial controls to the risk/valuation oversight of traders.
• Maintain strong internal relationships with the front office, risk, operations, financial control and other Finance Management Group teams.
• Review Reserves and the independent Price Testing process
• Proactively seek client feedback to further improve service level standards.
• Ensure compliance with all financial policies and processes.
• Emphasis on ongoing process and system improvements

Requirements for this role include:

• 4 year’s relevant Product Control, Market Risk, Price testing/Valuation industry experience
• Strong background in financial markets and trading businesses required.
• Experience with commodities products and physical commodities required.
• Strong numerical and analytical skills with background in or interest in coding & data analytics.
• Strong client service skills, and control/risk awareness
• Strong sense of accountability and ownership of key deliverables
• High level of energy, commitment, and flexibility
• Continuous focus on qualitative improvements to teamwork, to ensure the highest quality work is delivered
• Comfortable tackling new concepts and ideas associated with on-going change in the business