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Global Markets Product Control is a division of Global Banking and Markets Finance responsible for the production and independent validation of Global Markets' profit and loss and balance sheet. In this regard, Product Control will ensure, inter alia, that accounting policies are correctly and consistently applied, and that Trading portfolios are appropriately valued. The daily process involves daily & monthly P&L and Balance Sheet reconciliations and substantiation as well as reporting activities and close engagement with various senior stakeholders in Product control, IT, Operations, Change and Business to meet business requirements as they may arise.
Job Responsibility
Lead the daily production of Profit & Loss within specific Global Markets trading desks, work alongside Front Office traders and sales managers to resolve any variances between estimated and actual figures, ensuring transparency and accuracy
Verify the accuracy of P&L attribution, ensuring the P&L is correctly allocated across various factors, including market effects, new trades, time effects, and other pricing / valuation components
Conduct comprehensive analysis of daily trading and sales revenues, producing detailed commentary on P&L, including main drivers, trading activity, key exposures, and financial market context
Conduct monthly comparisons of P&L with General Ledger balances, to identify and explain any variations
Oversee and assist with month-end General Ledger closure and substantiation of the Balance Sheet, to ensure accurate recording and accounting of all trading and non-trading activities
Represent the department in various meetings, actively participate in strategic discussions, provide analysis, explanation, and commentary on periodic movements in P&L and Balance Sheet, and present the results to senior management, front office, financial reporting and other stakeholders
Challenge business performance and trading activity, identify patterns and behaviours to detect anomalies, and report potential risks, or fraudulent activities
Ensure full compliance with Global Markets Functional Instruction Manuals (FIM) and regulatory requirements, adhere to ethical standards and performance expectations
Requirements
University graduate from a reputed institution in financial or economic subject or university graduate in Mathematics, Physics, Engineering or similar
2+ years of proven experience in product control or a similar role within the financial markets industry
Good knowledge of financial markets and products, including their lifecycle, pricing and valuation, trading operations, P&L analysis, risk management and accounting principles
Experience with P&L Analysis, Balance Sheet reconciliations, or Financial Reporting
Knowledge of financial regulations and accounting principles
Strong problem-solving skills and the ability to think critically, independently and with minimal supervision
Excellent analytical skills and attention to detail, with the capacity to interpret financial data, draw meaningful insights and investigate and resolve discrepancies
Strong communication and interpersonal skills, with the ability to effectively collaborate with stakeholders at all levels
What we offer
Competitive salary
Annual performance-based bonus
Additional bonuses for recognition awards
Multisport card
Private medical care
Life insurance
One-time reimbursement of home office set-up (up to 800 PLN)