Product Controller needed at Rand Merchant Bank

Job Description

• To resolve issues being experienced by Traders, systems or operations as efficiently as possible as well as report on profits daily
• Deliver against operational and cost targets
• Prioritise resource allocation to minimise and reduce wastage
• Monitor costs for the financial year according to the operational plan
• Allocate and approve expenditure
• Review cost reports and resolves or explains variances to the budget
• Identify, control and escalate potential risks that may lead to increased costs
• Manage costs or expenses within approved budget to achieve cost efficiencies
• Understand the business of the desk to provide commentary on large profit or loss movements on a daily and monthly basis
• Ensure timely and accurate reporting, analysis, submission and communication or distribution of daily PnL
• Reconcile finance PnL to the risk attributed PnL and front office estimates, and understand and resolve any material differences identified
• Provide daily commentary on PnL movements and variance investigation to front office and finance management
• Ensure that internal financial controls over PnL are adhered to
• Liaise with operations teams to resolve any settlement issues
• Liaise with platform support teams to resolve any source system issues
• Report relevant PnL and Balance sheet positions and complete the applicable reconciliations, identifying and resolving any issues
• Provide advice to the business on the PnL impact of trades and the interaction of the trading and finance systems, especially regarding proposed new trades
• Ensure that applicable accounting standards are adhered to regarding PnL reporting
• Provide PnL data and commentary to the market risk governance team for regulatory reporting
• Identify and recommend enhancements to PnL controlsm and production processes
• Promote teamwork and inclusivity amongst team members and demonstrates behaviours that respect diversity
• Partner and collaborate with team members to achieve team success
• Share information and knowledge that benefits the team