Product Control Job Description

Product Control Job Description

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Product control provides insight and analysis of environmental products markets while demonstrating keen awareness of domestic and international commodity markets.

Product Control Duties & Responsibilities

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

Sample responsibilities for this position include:

Partner in all PC LEP Americas Design Work-streams
Assist in writing the Business (BRD) and Functional (FRD) Requirement Documents, including issue resolution
Provide signoff on FRDs and BRDs
Review and approve test cases
Coordinate UAT scheduling, results and issues
Participate in Functional testing along with CFOC and IT
Communicate with PC SMEs regarding progress, issues and training
Support adoption
Preparation of daily profit and loss covering equities products
Provision of analysis of the daily P&L

Product Control Qualifications

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

Licensing or Certifications for Product Control

List any licenses or certifications required by the position: MBA, CFA, GLAO, CIMA, ACCA, ACA, CPA, CSA, P&L, PMP

Education for Product Control

Typically a job would require a certain level of education.

Employers hiring for the product control 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, Mathematics, Business, Finance/Accounting, Engineering, Graduate, Management, Computer Science

Skills for Product Control

Desired skills for product control include:

Commodity settlements
Pricing and valuation
Profit and loss reporting and related attribution analysis
AESO
CAISO
Cash and derivative products across various markets
ERCOT
IESO power markets
Financial products
Northeast gas and power markets

Desired experience for product control includes:

A proficient understanding of derivative products Futures, OTC Options
Synthetic Forwards, Non-Deliverable Currency Forwards
Able to deliver change both internally and across a broad organization
Solid grounding in either Product Control processes or Consulting/Change Management
Drive to deliver solutions and results, and ability to align senior stakeholders to achieve those results
Experience analyzing complex data and processes in a quantitatively rigorous manner, and the ability to present insights and offer conclusions

Product Control Examples

1

Product Control Job Description

Job Description Example
Our company is looking for a product control. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for product control
  • Bank reconciliations and month end process
  • Work closely with front office managing queries relating to the P&L
  • Performing daily Profit and Loss reporting and subsequent Month / Quarter End close
  • Monitoring movements in the customer deposit and funding balance portfolio
  • Producing Balance Sheet and Profit and Loss packs for various stakeholders in Finance and the Front Office
  • Representing Product Control on project meetings and forums
  • Daily P&L production, incl
  • Ensuring Profit and Loss and Risk moves are fully understood, explained and reported to appropriate levels
  • Reviewing and reporting on new deal activity and its impact on the Profit and Loss and banks risk profile
  • Reviewing large & complex transaction to ensure proper controls and accounting treatment
Qualifications for product control
  • Strong PC skills including Excel, PeopleSoft Financials, and Essbase comfort with manipulation and presentation of financial data
  • Strong knowledge of equity products
  • Covering products such as
  • Bachelor’s degree in Business, Math, or related discipline
  • 1+ years of financial service experience, preferably with exposure to Product Control
  • Reviewing Reserves and Price Testing process
2

Product Control Job Description

Job Description Example
Our company is looking for a product control. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for product control
  • Review large and complex transaction to ensure proper controls and accounting treatment
  • Prepare daily Profit and Loss, including reconciliations and substantiation of positions, prices, factors, paydowns, and net interest
  • Accurately report and explain income and balance sheet to traders, trading management, and senior finance management
  • Perform final month end reconciliations of reported revenues and balance sheet to firm books and records
  • Prepare daily/weekly/monthly Profit & Loss and balance sheet commentary
  • Participate in all internal and external audits, SOX reporting, FAS 157, IFRS10/12/13, and other regulatory deliverables
  • Interact with Operations, IT, Financial Control for issue resolutions
  • Reviewing month end reconciliations for the balance sheet certification process and completing monthly P&L and balance sheet analysis
  • Management of internal stakeholder deliverables and ad-hoc queries
  • Project work relating to process and system initiatives
Qualifications for product control
  • Strong/Excellent computer skills (Excel, Word, ), knowledge of Summit or other derivative trading systems a plus
  • Direct management of Derivatives - P & L
  • Production, and wider a team of approx
  • Approximately 9 years post qualification
  • Professional accounting designation (CA, CGA), and CFA charterholder is an asset
  • Familiarity and experience with Microsoft Office (Excel, Word & Access) including advanced spreadsheet and macro skills
3

Product Control Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of product control. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for product control
  • Provide business requirements
  • Act as central coordinator for the business process and organizational changes
  • Provide management support
  • Contribute to global program by providing regional gap analysis, process review, and impact assessment
  • Act as a Business Analyst / Project Manager within assigned project team
  • Producing and implementing guidelines
  • Acting as a Business Partner to the Business, Risk, Compliance and Finance departments
  • Identifying pricing issues, valuation parameters or instrument types
  • Document and maintain our Groups’ policies and procedures
  • Produce, analyze, and report the Global CVA / DVA
Qualifications for product control
  • Able to provide effective supervision, direction and motivation to staff with previous supervisory experience preferred
  • Experience in Product Control - Fixed Income would be preferable
  • Product control experience with industry exposure relevant to trading and banking
  • Product knowledge in Prime Brokerage, Stock Loan, Futures & Options is preferred but not required
  • The successful applicant should have the experience and/or confidence to work with a diversified audience group across regions and across different areas including Traders, Product Controllers, Operations, Middle Office, Accounting Policy and Auditors
  • Overtime is expected to meet tight deadlines during month end and quarter-end
4

Product Control Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of product control. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for product control
  • Support the production of Profit & Loss
  • Partner with Business, Risk, and Technology partners to continue to build out the company’s CVA / DVA platform and integration with CCAR and Basel 3 strategy
  • Verify the appropriateness of CVA / DVA and CVA hedge valuations
  • Handle all aspects of valuation control of the business, including validation of market data inputs, reporting and analysis
  • Address issues dealing with engineering design and change implementation requirements within the Concurrent Product & Process Development (CPPD) Process
  • Ensuring an effective control environment is maintained, demonstrating awareness of the control environment, product control's place in the control environment, and lead proactive discussions with other stakeholders
  • ACA/ACCA/CFA/CPA/CIMA or other relevant qualification advantageous but not mandatory
  • Have the ability to work autonomously, part of a team
  • To be a point of contact for audits liaising with local regulators
  • Provide development and testing of a business continuity plan, developing booking models
Qualifications for product control
  • Strong knowledge of interest rate and FX products including controls, reconciliations
  • Strong financial product knowledge, including fixed income derivatives, gained through product control or middle office experience
  • Able to build strong internal relationships
  • Achievement / results oriented
  • Able to work under pressure with a flexible and adaptable approach
  • Control focused, with awareness of Product Control's place in the wider control environment
5

Product Control Job Description

Job Description Example
Our company is growing rapidly and is hiring for a product control. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for product control
  • Partner with Valuation Control and Analytics (VC&A) Team in the review and supervision of inventory valuation testing and results
  • Engage in New Products Approval Committee (NPAC) reviews and validation
  • Providing daily, weekly, monthly and ad hoc analysis and reports, predominantly around revenue, but can also include balance sheets, costs, headcount and capital
  • Monitor assigned products each day and create weekly B/O report for review and actions
  • Set-up new products and update current items
  • Activate manual reservation & create product allocation for back-ordered items when needed
  • Create transfers to maintain healthy inventory levels in warehouses for product
  • Update FOB maintenance
  • Process exports orders for Canada and Mexico
  • Learn basic P.S.I concept and how to manipulate primary CAPS system
Qualifications for product control
  • Strong Control awareness and financial reporting skills
  • The IBD Product control team supports the Investment Banking division the Syndication desks in Global Markets
  • Degree Qualified in Finance / Economics or Equivalent
  • Minimum of 10 years' experience within finance within Prime Services Product Control
  • Finance, financial services (consulting, operations, audit, ) or accounting work experience is preferred
  • Development, implementation and completion daily ALM P&L reporting for a number of different countries including the following products

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