Product Controller, Associate Job Description

Product Controller, Associate Job Description

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Product controller, associate provides support on balance sheet and net interest income (NII) to assist in back-testing the asset/liability management (ALM) model output.

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:

Provide guidance on accounting for products, liasing with Accounting Policy group where appropriate and ensuring compliance with both Corporate Regulatory requirements
Provide guidance on accounting for products, liaising with Accounting Policy group where appropriate and ensuring compliance with both Corporate Regulatory requirements
Roll out new accounting pronouncements
Accountable for compliance with all internal P&L, Legal Entity and Product Control standards all applicable corporate accounting policies
Provide active input in identifying possible solutions ensuring end-to-end implementation of the agreed plan
Understand and explain drivers of daily P&L
Oversee and be accountable for the quality of the financial statements of the Business
Understand, oversee and compile corporate regulatory reporting requirements for the business including any additional Liquidity, Capital or Reporting standards
Working 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
Reviewing and discussing monthly financial performance reports for the business and Legal Entity reporting including commentary of comparatives and of significant revenue items and trends

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:

Preferably within the Banking industry
Excel
Accounting
Balance sheet and accounting
CDGL
Financial markets products combined with experience involving the analysis of traded risk exposures
MIS
Net interest income
Paragon
Liability balances

Desired experience for product controller, associate includes:

Working as a Finance contact on projects including working on the requirements, testing and implementation
Production of daily P&L and Risk
Monitoring potential risks across the whole trade cycle, breaks between the risk management system and the ledger, nostros, and trade booking errors
Individuals will be expected to be familiar with business performance
Analytical and logical manner
Working with key stakeholders and face off to a wide variety of areas, aside from direct communication with Front Office, Middle Office, Financial Control, and Legal Entity Controllers senior Finance management

Product Controller, Associate Examples

1

Product Controller, Associate Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of product controller, associate. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for product controller, associate
  • 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
Qualifications for product controller, associate
  • 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
2

Product Controller, Associate Job Description

Job Description Example
Our company is looking to fill the role of product controller, associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for product controller, associate
  • 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
Qualifications for product controller, associate
  • 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
3

Product Controller, Associate Job Description

Job Description Example
Our growing company is looking for a product controller, associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for product controller, associate
  • 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
Qualifications for product controller, associate
  • 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
4

Product Controller, Associate Job Description

Job Description Example
Our company is searching for experienced candidates for the position of product controller, associate. 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 controller, associate
  • 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
Qualifications for product controller, associate
  • 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
5

Product Controller, Associate Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of product controller, associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for product controller, associate
  • 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
Qualifications for product controller, associate
  • 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

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