The BAC group is responsible for the generation of the Banks daily flash P&L reporting as well as reconciliation of such against the general ledger. Further quantitative and qualitative tasks aimed at substantiating these outputs are undertaken as part of the daily and monthly reporting cycle.
The main focus of the successful candidate will be on producing accurate and timely P&L reports for a variety of asset classes (primarily commodity related of course, but FX & Rates products are used within the portfolio as well) that meet daily and monthly as well as quarterly reporting deadlines. Participation in scheduled Reserving and Independent Price Verification (IPV) data review and publishing.
The BAC team is particularly well placed to observe and form the workings of the bank at many levels. Its members are viewed throughout the organization as subject matter experts in their own field, but are also expected to coordinate and lead initiatives across a broader spectrum of support and business functions. The job holder should provide the company with technical expertise, be engaged in advisory work throughout the organisation and should drive process enhancements.
A Product controller will be have become a subject matter expert across a variety of asset classes and product types executed within the VTB franchise. This will need to be coupled with an expert understanding of the accounting best practises employed in the reporting of revenue and balances sheet exposures of such. The ability to understand, use and improve on the company’s core IT applications and processes is essential.
Training on all aspects will be given where appropriate.
Working as part of the P&L team and reporting directly to Director level, the individual will be accountable for a given set of trading books and tasked with producing a fully signed off (by Trading Desk) set of ledger reconciled P&L’s.
Skills to Develop: In addition to strong accounting practices including specialised BAC relevant expertise, Product knowledge & Systems usage, the job holder should have a strong holistic view of the greater workings of the finance team and its interactions with all other departments.
The job holder should be ready to challenge and improve on any existing process and to drive other initiatives as appropriate.
Key Competencies & Qualifications