Manager, Product Control

CommBank; City Of London; On-site; GBP 90,000 - 130,000; Full time

Job summary

CommBank is seeking an experienced Product Control Manager to oversee independent financial control across its London-based Financial Markets footprint. You will own daily P&L production, month-end close, balance sheet reconciliations, and risk reporting, collaborating with Global Markets, Capital Structuring and Risk Management.

The role emphasizes applying AI-driven process improvements to sharpen analysis and decision-making, with a focus on accuracy, insight and continuous improvement.

Qualifications

• Accounting-qualified finance professional with 4-7 years in product control.
• Strong product control knowledge within Financial Markets.
• Extensive experience in FX, Fixed income & Rates, with repo a plus.
• Understand derivative valuations, pricing, and P&L decomposition reporting.
• Apply AI tools to boost productivity and insight, and drive change.

Responsibilities

• Prepare and validate daily P&L with detailed movements explanations.
• Perform month-end accounting, balance sheet validation and GL reconciliations.
• Produce daily risk reporting on new transactions and P&L movements.
• Investigate reconciliation breaks and escalate material issues.
• Provide clear daily/monthly P&L commentary to heads of desks.
• Support Capital Structuring activities with analysis and stakeholder partnering.
• Develop and maintain Standard Operating Procedures for Product Control.
• Identify productivity and process-improvement opportunities including AI.
• Assist with system implementations and User Acceptance Testing.

Skills

Excel

Data analysis

Communication

Process improvement

AI tooling awareness

Education

Accounting qualification (CIMA/ACCA/ACA)

Tools

SQL

Job description

• Shape the independent financial control and P&L integrity of a global Financial Markets business.
• Bring your product control expertise to a globally connected team where your ideas drive real change.
• Deliver the insight that underpins confident, well-informed trading and risk decisions.

Do Work That Matters:

Institutional Banking and Markets manages the Group's relationships with major corporate and government clients and institutional investors, providing a full range of capital raising, transactional and risk management products and services. IB&M Finance supports these businesses with financial control, financial analysis, product control and regulatory accounting. Globally, Product Control is responsible for the independent oversight and financial control of the Financial Markets business across the full product range, including daily P&L production and analysis, month-end accounting and General Ledger reconciliations.

See yourself in our team:

As a Product Control Manager, you'll provide independent oversight and financial control across our London, Amsterdam and New York Financial Markets businesses, reporting to the Executive Manager, Product Control. You'll own daily P&L production and analysis, month-end accounting and balance sheet reconciliations, while partnering closely with Global Markets, Capital Structuring, Risk Management, Operations and Group Treasury. It's a role for someone who brings deep product control expertise and a genuine passion for using AI and process improvement to sharpen how the team works.

• Prepare and validate daily P&L, including detailed analysis, attribution and explanation of key movements.
• Perform month-end accounting, balance sheet validation and General Ledger reconciliations, ensuring completeness, accuracy and integrity.
• Produce daily risk reporting covering new transactions, referrals and significant P&L movements.
• Investigate and resolve front-to-back reconciliation breaks, escalating material issues where appropriate.
• Prepare clear daily and monthly P&L commentary and present results to desk and branch heads.
• Support Capital Structuring activities for London and Amsterdam, including month-end close, analysis of performance drivers and business partnering with relevant stakeholders
• Compile, maintain and enhance Standard Operating Procedures across Product Control processes and controls.
• Identify and implement productivity and process-improvement initiatives, including applying AI tools to enhance analysis and decision-making.
• Support system implementation and change projects, including User Acceptance Testing.

We're interested in hearing from people who:

We're looking for an accounting-qualified professional with 4-7 years experience in product control who thrives on accuracy, insight and continuous improvement. You'll bring strong Financial Markets product knowledge and a forward-thinking approach to how technology can elevate the function.

• Are accounting qualified (CIMA, ACCA, ACA or equivalent).
• Bring extensive product control experience within a Financial Markets environment.
• Have strong knowledge across FX, Fixed & Rates Income products, with Repo experience highly regarded.
• Understand derivative valuations, pricing techniques and P&L decomposition reporting.
• Apply AI tools to enhance productivity and insight.
• Have a demonstrated track record in process improvement and change management.
• Communicate and elevate results and issues clearly and succinctly.
• Bring advanced Excel skills, with SQL and database familiarity an advantage.

Working with us:

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Advertising End Date: 17/11/2026