Equities Product Controller Job Description

Equities Product Controller Job Description

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Equities product controller provides quarterly analysis of every Financial Consultant’s equities to determine which are out of favor, overpriced and provide replacement options.

Equities Product Controller Duties & Responsibilities

To write an effective equities product controller job description, begin by listing detailed duties, responsibilities and expectations. We have included equities product controller job description templates that you can modify and use.

Sample responsibilities for this position include:

Working Business Managers on new deals and analysing the impacts to the Control function, evaluating the accounting impacts of complex deals, especially on the Corporates desk
Analyzing and interpreting strategy complexity for new accounting and regulatory rules
Coordinating and drafting the business reporting requirements
Responsible for the Regulation K function for the Asia region
Daily P&L Reporting including reporting of Flash, Formal, Clean & Hypo P&L and variances between Flash & Formal numbers
P&L explanation validation of the system generated P&L and commentary
Data Integrity and balance sheet verification - carry out validation tasks to ensure the integrity of accounts
Work closely with Sales & Trading, Risk Management, Technology, Operations and other Controllers on a day-to-day basis to ensure accurate P&L reporting and analysis, compliance with Regulatory requirements
Additional liaison with other finance teams of financial control and external reporting, middle office areas, valuation control, technology development groups and point of contact for all downstream issues
To manage and assist with the month end reporting process

Equities Product Controller Qualifications

Qualifications for a job description may include education, certification, and experience.

Education for Equities Product Controller

Typically a job would require a certain level of education.

Employers hiring for the equities product controller job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Economics, Statistics, Graduate, Business, Finance/Accounting, Education

Skills for Equities Product Controller

Desired skills for equities product controller include:

Equities is preferable
Financial markets products combined with experience involving the analysis of traded risk exposures
Valuation of Financial products
Accounting
Equites & derivatives Financial Products
Financial instruments
Preferably within the Banking industry
Equities & derivatives Financial Products
Financial products
Preferably equities

Desired experience for equities product controller includes:

Manage projects and initiatives related to all of the above larger cross-business programmes
To provide key input into designing, testing and delivering the major infrastructural changes currently in the pipeline for this business, and to take responsibility for identifying and working to resolve process issues (60% of the role)
To provide an effective link between Front Office (FO) and Financial Control (FC) and Operations (OP) requiring detailed product knowledge, so that any disagreements in daily or month end P&L and BS can be resolved on a timely basis and ultimate P&L agreement with FO is achieved, evidenced and logged
Daily supervision of reporting including commentary by junior members of the team
Daily supervision of reconciliation of P&L to traders estimates
To ensure the Product Control team and stakeholders are immediately aware of revaluation issues that may affect downstream activity

Equities Product Controller Examples

1

Equities Product Controller Job Description

Job Description Example
Our growing company is looking for an equities product controller. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for equities product controller
  • Facilitate adherence to and substantiation of the Regulatory and Audit requirements within Capital Markets
  • Key relationships include Global Risk Management, MO Valuations Group, Front Office and North American & Asian counterparts in order to drive consistent global operating model
  • Involvement in projects and process improvements specifically around P&L and risk control enhancements testing new product pricing and feeding into P&L and risks
  • Document current business processes/requirements requirements through conversations with PC and FC line
  • Perform analysis of requirements against current system capabilities
  • Assist in formulating design solutions for new/enhanced capabilities
  • Present issues and proposed solutions to various stakeholders
  • Perform testing to ensure that delivered capabilities meet user requirements
  • Identify/track issues and ensure resolution
  • Work closely with Product Control line, Financial Control and Finance IT and Change colleagues at various levels to define requirements and deliver solutions
Qualifications for equities product controller
  • Cash and Derivatives product knowledge
  • Manage projects and initiatives related to all of the above larger cross-business initiatives
  • Understanding of business financials from front-to-back
  • Providing front-to-back interaction with business leads and other stakeholders
  • Supporting new product approvals and new transaction approvals
  • Demonstrates a high degree of control awareness and intellectual curiosity
2

Equities Product Controller Job Description

Job Description Example
Our growing company is looking for an equities product controller. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for equities product controller
  • Liaison with other teams such as capital/ balance sheet controller, finance controller, middle office, valuation controller, technology and business managers
  • Substantiating and reporting by Greek ie Delta, Gamma, Vega
  • Support and review the daily P&L production
  • Provide P&L reporting and analysis for senior management on daily, weekly and monthly basis
  • Performing and reviewing key monthly controls and reconciliations, ensure adherence to policies and procedures
  • Constantly challenge the status quo and look for opportunities to improve existing controls and reporting processes
  • Responsible for overseeing P&L activities and Balance Sheet Reconciliation and Substantiation processes with full ownership on a monthly basis to be presented with Senior Management on key control
  • Consideration of complex trade booking and appropriateness of booking methodologies or approximate booking
  • Develop and maintain governance, internal guideline and procedural documentation relating to the Equities business
  • Responsible for structuring projects, planning programmes, implementing strategy and efficiency including driving ongoing roadmap for key systems and processes
Qualifications for equities product controller
  • CPA or CFA partly or completed a plus
  • Product Controls system related projects, process enhancements, UAT testing
  • Accountant preferred
  • Derivatives exposure a plus
  • Strong Microsoft Excel/Access skills with VBA/SQL programming experience (programming experience a plus)
  • Contribute to Finance related projects, process enhancements, UAT testing
3

Equities Product Controller Job Description

Job Description Example
Our company is looking to fill the role of equities product controller. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for equities product controller
  • Supervisory review of daily PL, risk and balance sheet
  • Complex & Significant deal review – In-depth analysis of the structured financing transactions such as margin loans, pre-paid forwards, guarantees This includes the Day1 PL substantiation, Treasury funding, Risk and Balance Sheet analysis
  • Preparation and review of month end and quarter end regulatory submissions, primarily supporting SEC and US Regulatory Reporting
  • Ensure the accuracy of external reporting and internal MIS that drives internal charges
  • Investigation and explain of business drivers underpinning significant financial movements, for balance sheet, Risk Weighted Assets and Liquidity
  • Maintaining a reporting framework that will support the business view meeting individual sub-LOBs business needs, delivering Daily, Weekly, Monthly Quarterly reports as required
  • Understand how the products are recognized and represented on the balance sheet and be able to investigate and ensure it is in adherence to regulatory, GAAP, and financial disclosure requirements
  • Identify best practices and suggest and implement controls and processes to improve accuracy and efficiency of reporting
  • Ensure compliance with all CIB and Corporate Policies such as Balance Sheet and Product Control Standards, ensuring controls are documented and transparent
  • Collaborate on projects and initiatives related to all of the above larger cross-business programmes
Qualifications for equities product controller
  • You will engage & analyze alongside trading desk, trade support, technology, financial control and other infrastructure areas to ensure timely and accurate reporting of the trading desks’ results including daily Profit & Loss reporting, management commentaries, and exception processing
  • Proficient with various PC skills including Excel (essential), Peoplesoft Financials, and Essbase comfort with manipulation and presentation of financial data
  • Excel at communicating, and are able to articulate issues clearly and succinctly to senior management
  • Control background is advantageous
  • Flexible, diligent, organized and a great teammate
  • You should be proficient with various PC skills including Excel (essential), Peoplesoft Financials, and Essbase comfort with manipulation and presentation of financial data
4

Equities Product Controller Job Description

Job Description Example
Our growing company is looking to fill the role of equities product controller. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for equities product controller
  • On site leadership across a diverse set of controller responsibilities across ~50 personnel
  • Culture carrier for JPM F&BM principles and minimum standards
  • Location manager for career, development and other person to person requirements
  • Responsible for escalation and accountability to managers in primary locations
  • Understand and review P&L and risk components (Greeks) daily
  • Deep dive into Structured Financing Transactions
Qualifications for equities product controller
  • Do you excel at communicating, and are able to articulate issues clearly and succinctly to senior management?
  • You having a control background is advantageous
  • Ideally you will be flexible, diligent, organized and a great teammate
  • High regard for attention to detail and accuracy to ensure close control of the reported P&L
  • High self-motivation and the ability to work both independently and as an effective team member / lead
  • Ability to work in Team setting individually
5

Equities Product Controller Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of equities product controller. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for equities product controller
  • Previous P&L or risk within a derivatives or fixed income securities environment preferable
  • Excellent verbal and written communication skills, experience with creating documentation
  • Production, preparation and reporting of the daily P&L and Risk
  • Additional liaison with other middle office areas, back office, FVP and technology development groups and point of contact for downstream issues
  • Forecasting of Balance Sheet, Risk Weighted Assets and other metrics such as GSIB, SVA and CIBT charges, and ensure accurate forecasts are submitted in a timely manner and properly syndicated and understood by the business review
  • Review and sign off of the actual financial resource measures including production and review of variances over time periods vs
Qualifications for equities product controller
  • Opportunity to be groomed to be future leaders, where there will be expended remit for future growth.Works well in a team with high standards for team work
  • Product Control or other similar experience required (eg Valuation)
  • Strong product knowledge, Equities preferred, covering derivatives and including good understanding of risk and greeks
  • You excel at communicating, and are able to articulate issues clearly and succinctly to senior management
  • Experience in financial services industry highly preferred
  • Experiencing managing others and/or projects, in either a direct or indirect manner

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