Are you interested in a newly created role with a world leading Bank in the city of London? Your title will be a Product Controller. You will be asked to develop detailed understanding of the Balance Sheet Management and private bank. You will ensure robust controls for business activity and financial reporting.

Responsibilities

• To undertake reporting of Daily P&L and to perform Analytical Review of the desk's activities
• To manage the hedge accounting processes for PBGB and ensure appropriate reporting of hedge effectiveness
• To work closely with the Regional Hedging Unit on hedging infrastructure and reporting
• To work with market risk to ensure appropriate reporting of P&L for VaR back-testing purposes
• To undertake comparison of actual P&L v/s Trader Estimate
• To ensure preparation and reporting of appropriate P&L commentary for desk activities
• To assist in identification and resolution of breaks between VC & BFC P&L
• To undertake and assist in Fair Value Adjustments for the BSM Business & MTM of Accrual Books
• To perform independent review of transaction activity against permitted instruments.
• To ensure strong communication with Front Office and Near shore/Offshore PC teams.

Interest Rate Risk Management:

• To manage structural interest rate risk positions on BSM books under ALM approved transfer pricing principles

Funding & Cash Management

• Cash Management: To ensure surplus cash is deployed and deficits are financed at the best terms for the Bank
• Funding Management: To execute and complete short and medium term funding plans on behalf of the Bank

Liquidity Management:

• To ensure the Bank will at all times be able to meet its current and potential cash flow obligations without significant commercial and reputation risks