We Offer Product Control are the Financial Guardians of the Bank's sales and trading activities. We fulfill this role through: Ensuring complete, accurate and timely P&L, balance sheets and analysis.
A department which values Diversity and Inclusion (D&I) and is committed to realizing the firm's D&I ambition which is an integral part of our global Conduct and Ethics Standards
Individuals within the Fee Based Product Control job family will execute the Daily, Monthly and Quarterly Production aspects of Product Control's primary role which is the financial guardianship of the Bank's sales and trading activities.
Manage the Investment Banking Capital Markets Department (IBCM) when capital market under writings are syndicated with other investment banking institutions. The IBCM bankers originate capital market deals and the IBCM trading desks handle all trading associated with the deals to institutional and retail investors. Products supported include Debt Capital Markets, Equity Capital Markets, Leveraged Finance Capital Markets, Asset Backed Securities, and Leveraged Loans within the Americas and EMEA regions.
Ensure fees are booked accurately to the ledger per the revenue recognition guidelines and syndicate primary market trading process. This includes complete, accurate and timely fee P&L and Balance Sheets bookings. Product Controller will review/confirm legal documentation, ensure GARM revenue recognition compliance, establish receivables/payables, reserves, collect deal expenses, instruct Operations team to send/receive settlement wires, and communicate P&L to LC/BFO Product Control.
Syndicate Accounting PC are responsible for opening all deals and creating balance sheet and P&L entries for fees associated with capital market transactions, working on expense collection related to the deals, and final settling and distributing final fees to syndicate members on the deal.
Other responsibilities may include:
Month End Balance Sheet Reconciliation
Manage various areas throughout the firm (e.g. Front Office, Financial Accounting, Line PC, etc.)
Providing analysis and information in response to ad hoc requests
1 - 2 years of financial service, banking, or accounting experience
Attention to risk and the importance of a strong control environment and show a high attention to detail in all aspects of the work.
Possess highly developed analytic, interpersonal and organizational skills to build positive relationships with the key clients and to understand and address their issues.
Proficient PC skills including Excel and Peoplesoft Financials, as well as comfort with reconciliation and presentation of financial data
Outstanding teammate, proactive, hardworking, who can be ambitious and implement process changes
Strong written and verbal communication skills with a comfort speaking to all areas and levels within the firm
Understands the value of diversity in the workplace and is dedicated to fostering an inclusive culture in all aspects of working life so that people from all backgrounds receive equal treatment, realize their full potential and can bring their full, authentic selves to work. This should be further elaborated on in your application.