AVP – Commodities Product Controller
This role is to represent Finance in supporting Global Commodities business in NY. You will be expected to lead and inspire team members, collaborate with the desk and other business partners, impose structure on complex issues and focus on delivering solutions in line with the long term strategic goals of the bank.
The responsibilities will include the following:
Daily P&L & Balance Sheet – Reporting & Oversight
- Production and/or review of official daily P&L explain and its provision for VaR backtesting.
- Approval of daily sub-ledger P&L generated by Middle Office for reporting into Greensheets.
- Responsibility for daily management adjustments to P&L
- Daily P&L reporting to local and regional management.
- Oversight of trader estimate to official T+1 P&L variances as business unit level.
- Preparation of daily P&L commentary and substantiation to market events.
- Review of material new deals.
- Review and approval of changes to valuation adjustments & reserves.
- Review of changes to daily balance sheet & substantiation to transactional activity.
Core Financial Oversight Functions
- Price verification (daily, weekly, monthly).
- Validation of appropriate application and use of models for books & records.
- Monthly & quarterly revenue commentary.
- Maintaining/updating valuation adjustment & reserve policies.
- Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting.
- Determining and implementing appropriate accounting policies & procedures (with Accounting Policy).
- Managing key accounting, legal entity, regulatory and P&L issues with the business.
- Month end close, including Financial Disclosures and calculation and recording of netting entries
- Exercise of control oversight on behalf of the business.
- Participation in the New Product Review and Appropriation Request processes: modeling structures and process scenarios, review, and control.
- Contributing to Governance process, operational error reporting and support of other internal control process, including SOX.
- Provision of financial expertise in the design, build, testing, and implementation of new Technology Platforms and Systems.
Planning & Reporting
- Act as key member and advisor to Line of Business Senior Management team, providing decision support analysis and advice on the optimisation of business activities with regards to accounting rules, regulatory issues and legal entity structures.
- Development and analysis of key performance metrics
- Participation in the formulation of business strategy; plans; budgets; and forecasts.
- Provide regular updates, analytics and commentary on Line of Business performance.
- Manage the expense approval process for both deal-related and organisational expenses; provide expense analytics and assist the business with recovering deal-related expenses.
- Provide regular updates, analytics and commentary on the GBAM’s externally disclosed quarterly performance
Required Skills/Experiences
- Must have Bachelor’s degree.
- Minimum of 5-8 Years work experience, possibly a combination of public accounting or product control experience.
- Must have good working knowledge of accounting concepts.
- Strong Excel: Able to build and use spreadsheets.
- Comfortable working in a fast paced deadline driven environment.
- Proven relationship management experiences.
- Strong communication skills both verbal and written.
Desired Skills/Experiences
- Commodities Experience preferred.
- Master degree and professional certifications.
- Access knowledge desirable.
AVP – Commodities Product Controller
This role is to represent Finance in supporting Global Commodities business in NY. You will be expected to lead and inspire team members, collaborate with the desk and other business partners, impose structure on complex issues and focus on delivering solutions in line with the long term strategic goals of the bank.
The responsibilities will include the following:
Daily P&L & Balance Sheet – Reporting & Oversight
- Production and/or review of official daily P&L explain and its provision for VaR backtesting.
- Approval of daily sub-ledger P&L generated by Middle Office for reporting into Greensheets.
- Responsibility for daily management adjustments to P&L
- Daily P&L reporting to local and regional management.
- Oversight of trader estimate to official T+1 P&L variances as business unit level.
- Preparation of daily P&L commentary and substantiation to market events.
- Review of material new deals.
- Review and approval of changes to valuation adjustments & reserves.
- Review of changes to daily balance sheet & substantiation to transactional activity.
Core Financial Oversight Functions
- Price verification (daily, weekly, monthly).
- Validation of appropriate application and use of models for books & records.
- Monthly & quarterly revenue commentary.
- Maintaining/updating valuation adjustment & reserve policies.
- Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting.
- Determining and implementing appropriate accounting policies & procedures (with Accounting Policy).
- Managing key accounting, legal entity, regulatory and P&L issues with the business.
- Month end close, including Financial Disclosures and calculation and recording of netting entries
- Exercise of control oversight on behalf of the business.
- Participation in the New Product Review and Appropriation Request processes: modeling structures and process scenarios, review, and control.
- Contributing to Governance process, operational error reporting and support of other internal control process, including SOX.
- Provision of financial expertise in the design, build, testing, and implementation of new Technology Platforms and Systems.
Planning & Reporting
- Act as key member and advisor to Line of Business Senior Management team, providing decision support analysis and advice on the optimisation of business activities with regards to accounting rules, regulatory issues and legal entity structures.
- Development and analysis of key performance metrics
- Participation in the formulation of business strategy; plans; budgets; and forecasts.
- Provide regular updates, analytics and commentary on Line of Business performance.
- Manage the expense approval process for both deal-related and organisational expenses; provide expense analytics and assist the business with recovering deal-related expenses.
- Provide regular updates, analytics and commentary on the GBAM’s externally disclosed quarterly performance
Required Skills/Experiences
- Must have Bachelor’s degree.
- Minimum of 5-8 Years work experience, possibly a combination of public accounting or product control experience.
- Must have good working knowledge of accounting concepts.
- Strong Excel: Able to build and use spreadsheets.
- Comfortable working in a fast paced deadline driven environment.
- Proven relationship management experiences.
- Strong communication skills both verbal and written.
Desired Skills/Experiences
- Commodities Experience preferred.
- Master degree and professional certifications.
- Access knowledge desirable.
