Product Controller, SVP/Associate
IntelliPro Group
- New York City, NY
- $100,000 per year
- Permanent
- Full-time
Position Type: Permanent / Full-Time
Location: Onsite in New York, NY
Salary Range / Rate (Currency): $100,000 per year
Job ID#: 138538Job Summary (Responsibilities and Requirements):DEPARTMENT RESPONSIBILITIES:Candidates with a banking background are desired who are task oriented, flexible, and motivated. The core responsibility of the Product Control group is to develop and maintain a strong control infrastructure around the revenue generating capabilities of the firm. Product Control seeks to challenge and partner the business to optimize financial returns.ROLE RESPONSIBILITIES:· The primary responsibility for a product controller is to produce Subledger substantiation and P&L for the trading desk, substantiate the P&L numbers, explain the P&L to both the traders and on-shore regional controllers and ensure that they maintain a ‘control’ environment.
· To ensure that the daily P&L is accurately reported to the FO & reconciled between P&L tools & management reporting tools.
· To ensure that the relevant P&L and Balance sheet positions are correctly reported at month ends and that the applicable reconciliations have been completed and all issues identified/resolved.
· Providing daily commentary on P&L swings and variance investigation to front office traders and senior finance managers.
· To ensure that the controls are adhered to.
· To coordinate the completion and delivery of the tasks allocated to the team.
· To provide advice to the business on the P&L impact of trades and the interaction of the Front and Back Office systems, especially regarding trades and proposed new workflows.
· To ensure that applicable accounting standards are adhered to regarding P&L and Balance Sheet reporting.
· To ensure that global policies are adhered to at all times and are kept fully up to date with any changes in the business requirements.
· To act as trouble shooter within the team.JOB REQUIREMENTS:· Strong knowledge of key financial reporting.
· Strong analytical skills and detail oriented.
· Broad understanding of the product types traded by the desk and any valuation issues.
· Ability to understand the booking structure for complex trades and raise relevant issues to Product Control management.
· Good understanding of the P&L production and reporting methodology for the P&L’s.
· Good understanding of the relationship between Valuations and P&L teams within the bank and the various areas of interaction required.
· Good understanding of the valuation of all products under their control.
· Broad overview of Product Control’s interaction with Regulatory Reporting
· Confident in double entry accounting associated with products under their control
· Awareness of all Global Policies that impact the area that they control
· MS office - Intermediate level
· Ability to train other members of Finance on the products.
· Good understanding of the Financial Markets as they relate to the Products under their control.
· Ability to work tight daily and monthly deadlines.About Us: IntelliPro, a global leader in connecting individuals with rewarding employment opportunities, is dedicated to understanding your career aspirations. As an Equal Opportunity Employer, IntelliPro values diversity and does not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, disability, or any other legally protected group status. Moreover, our Inclusivity Commitment emphasizes embracing candidates of all abilities and ensures that our hiring and interview processes accommodate the needs of all applicants. Learn more about our commitment to diversity and inclusivity at .Compensation: The pay offered to a successful candidate will be determined by various factors, including education, work experience, location, job responsibilities, certifications, and more. Additionally, IntelliPro provides a comprehensive benefits package, all subject to eligibility.Powered by JazzHR