Product Controller, Associate Job Description
Product Controller, Associate Duties & Responsibilities
To write an effective product controller, associate job description, begin by listing detailed duties, responsibilities and expectations. We have included product controller, associate job description templates that you can modify and use.
Sample responsibilities for this position include:
Product Controller, Associate Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Product Controller, Associate
List any licenses or certifications required by the position: CFA, CIMA, ACCA, ACA, CPA
Education for Product Controller, Associate
Typically a job would require a certain level of education.
Employers hiring for the product controller, associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Economics, Statistics, Graduate, Finance/Accounting, Mathematics, Finance/Economics, MBA
Skills for Product Controller, Associate
Desired skills for product controller, associate include:
Desired experience for product controller, associate includes:
Product Controller, Associate Examples
Product Controller, Associate Job Description
- Work with respective MIS P&A / LOB owned technology teams to gather their requirements
- Evaluate and approve test script results for both GL & MIS
- Support specific LOB projects outside SAP GL migration such as MIS rebuild, Global P&L Report standardisation, Product Hierarchy transformation & Legal entity planning and forecasting
- Review and discuss monthly financial performance reports for the business and Legal Entity reporting including commentary of comparatives and of significant revenue items and trends
- Investigation and resolution of P&L estimate vs
- Responsible for daily p&l and risk reporting and commentary
- Analysis of deal documentation for validation of revenue recognition
- Analyze Volcker metrics for accuracy and provide critical commentary for submissions to external regulators
- Ensure Income Attribution is executed in accordance with Transfer-pricing agreements and complies with the applicable internal standards
- Work closely with CIBT teams, CFR, , to ensure business data is properly consumed in external reports such as FFIEC101 and Pillar 3
- Regulatory and External reporting for product specific disclosures
- Manage business expectations with regards to developments in regulatory environment, changes to the Capital framework, the impact of Risk Weighted Assets
- Work with the business as advisory on new deals
- 5-6 years experience in a Financial Services control environment
- Ability to work across teams Middle Office, VCG, Financial Control, etc
- Ability to manage own workload and carry out tasks without day to day guidance of managers
Product Controller, Associate Job Description
- Produce P&L for the desk on a daily basis
- Understanding and explaining P&L drivers for weekly and monthly commentary
- Ensuring a sound control environment with consistent applicability of minimum standards
- Understanding new regulations and controls impacting changes to standards (control environment, P&L and Risk processes, etc)
- Working with project teams and technology on system enhancements
- Partner with BMs through the planning process to ensure the development of a strong base run rate ensuring an understanding of other overlays built into the plan
- Work with the business to ensure that they fully understand developments in financial reporting and priorities, changes to the Capital framework, the impact of Risk Weighted Assets, revenue recognition on bifurcated deals
- Follow and implement new developments in Reg space, such as GSIB, FRTB, Basel III
- Analyze and advise on transaction & booking strategies to ensure optimal tax and regulatory implications
- Ensure the integrity of the internal business performance reporting
- Product controllers are responsible for the accuracy and integrity of LOB books and records
- Knowledge of Credit and Interest Rate Derivatives Risk systems would be desirable but is not essential
- Daily substantiation and reconciliation of P&L movements on a T+1 basis for sign off by the Inventory Management Group (IMG) Front Office responding to P&L related queries
- Fully qualified accountant – ACA
- Assisting in development of new internal control frameworks
- Transaction Services Balance Sheet reporting
Product Controller, Associate Job Description
- Responsible for the analytics and general ledger bookings of Allowance of Credit Losses
- Research & define business requirements for Banking LOB (incl
- Desktop applications sourcing legacy GL data
- Bespoke LOB functional requirements such as Org over ride
- Client data requirements
- External reporting requirements
- Identify opportunities to rationalise and streamline LOB legacy GL deficiencies
- Feedback into requirements documentation provided by GFO
- Redefine new chart of accounts under SAP structure
- Develop and provide test scripts
- Strong Commodities knowledge
- 4-6 years experience in a Financial Services product control environment
- Associate level with Fixed Income Markets exposure
- Understand and contribute to control framework including control self-assessment (CSA), SOX, New Business Initiative Approvals, support internal and external audits
- Advanced knowledge of Fixed Income cash & derivatives Financial Products (Bonds, CDS,IRS etc)
- Reviewing current processes, identifying control weaknesses and delivering solutions to enhance the current control environment, the effectiveness of the processes performed
Product Controller, Associate Job Description
- Understanding of the accounting, tax and regulatory treatment of the products supported and how developments will impact FVA
- Accountable for compliance with P&L, Legal Entity and Product Control standards all applicable corporate accounting policies
- Lead projects as requested and develop new MIS processes as needed
- Assess training requirements and identify population requiring training in Banking LOB
- Provide feedback and escalate issues/concerns ahead of approval tollgates
- Liaise closely with Financial Control & Product Control
- Keep management updated on progression and key milestones
- Responsible for the analytics and general ledger bookings of Allowance of Credit Losses under IFRS 9
- Improve current processes, build option and index explains, automate solutions
- Escalate any control gaps and offer ideas to mitigate these gaps
- Strong analytical skills, problem-solving abilities and attention to detail
- Some controller background (product control or financial control) is a plus
- Excellent communication skills including the ability to present complex finance issues to non finance individuals – ability to tailor style and content as appropriate
- P&L – complete and accurate independent production of the daily P&L calculations, reconciliation of actual vs front office flash estimates, resolution of P&L discrepancies, variance analysis, commentary on key drivers of business performance
- Balance Sheet reporting – daily and monthly validation, adjustments to inaccurate balances, forecasting, and commentary on financial results
- Month end close – manage process to ensure final results are as forecasted
Product Controller, Associate Job Description
- Providing ad hoc analysis on request to senior managers in Product Control and in Front Office GCP
- Run Value-at-Risk and Stress, foster working relationships with partners in Market Risk, QR and technology
- Ensure regulation complaint operating environment
- Coordinate with Operations, Tech and Finance through all phases of testing for new models and infrastructure
- Month-end processes include reconciling daily and month-end reports to the General Ledger for the above products and processes
- Establish and chair formal learning sessions with the business focusing on loan syndication requirements
- Managing end-to-end elements of syndicated loan transactions, requiring coordination and strong relationships with both internal and external counterparts
- Ensure income attribution is executed in accordance with transfer pricing rules to be compliant with the relevant transfer pricing laws and regulations
- Partner with Corporate Tax, Legal Entity Control, Legal and other key stakeholders to execute new SLAs
- Manage investigation, explanation and communication of business drivers underpinning significant financial movements and variances for Front Office, Legal Entity Controller, Corporate Reporting and partners in other regions
- Prepare monthly financials review pack for presentation with Front Office
- Review current processes, identify control weaknesses and deliver solutions to enhance the current control environment in order to be compliant with the Product Control Minimum Standards
- Perform and respond to ad-hoc queries and requests from various stakeholders
- Familiar with Investment Banking products, ideally FX, Rates or Bonds
- Minimum 2 years experience in a Financial Services Product Control environment
- Daily production and control on Exotics P&Ls such as Index Algo, Index Mono and substantiated adjustments to P&L, Risk and Balance Sheet as per PC Minimum Standard