Product Controller

Magnit Global; Greater London; Hybrid; GBP 83,025; Full time

Job summary

A leading Global Investment Banking organisation is seeking an experienced Product Controller for a 6-month contract in London. The role involves critical responsibilities in profit & loss reporting and financial governance. Candidates should have proven experience in product control, strong understanding of valuation methodologies, and excellent analytical skills. The position offers a mix of on-site and remote work, providing an opportunity to collaborate closely with various finance teams.

Qualifications

• Proven experience in a Product Control role within an Investment Banking front office environment.
• Exposure to multiple asset classes, especially Credit products.
• Strong understanding of valuation methodologies and financial controls.

Responsibilities

• Produce and review daily and periodic P&L reporting.
• Perform Independent Price Verification (IPV) and valuation analysis.
• Provide quality assurance and sign-off of P&L and balance sheet data.

Skills

Product Control experience

Understanding of P&L attribution

Strong analytical skills

Excellent communication skills

Tools

Murex

Business Objects

Job description

Product Controller, Global Investment Bank

6 month contract, £450 per day inside IR35

London based, 3 days in the office, 2 remote.

A leading Global Investment Banking organisation is seeking an experienced Product Controller to join its Finance function on a 6-month contract. This role sits at the heart of Front Office support, playing a critical role in ensuring accurate profit & loss reporting, robust valuation control, and strong financial governance across multiple asset classes.

The successful candidate will work closely with Trading, Risk, and Finance teams, contributing to both business-as-usual control activities and ongoing process and systems enhancements.

Key Responsibilities for Product Controller:

• Produce and review daily and periodic P&L reporting, including detailed analysis and commentary on revenue drivers, risk parameter movements, and trading activity
• Perform Independent Price Verification (IPV) and valuation analysis, including validation of market data, model inputs, and fair value adjustments
• Calculate, review, and maintain valuation adjustments and reserves, ensuring methodologies remain appropriate and compliant with regulatory and accounting standards
• Provide quality assurance and sign-off of P&L and balance sheet data used for management reporting, governance forums, and decision-making
• Review balance sheet and trade population reconciliations to ensure completeness, accuracy, and valuation integrity
• Support new product approvals, complex transactions, and business initiatives by ensuring appropriate booking, valuation, and reserve methodologies
• Act as a key point of contact for external auditors, regulators, and internal stakeholders, supplying financial analysis and control evidence as required
• Identify, elevate, and help resolve control issues, contributing to a strong risk and control culture
• Participate in projects, system implementations, and process improvements to enhance efficiency and control frameworks
• Maintain clear documentation of control activities, methodologies, and procedures to ensure auditability and operational resilience

Key Skills & Experience for Product Controller:

• Proven experience in a Product Control role within an Investment Banking front office environment
• Exposure to multiple asset classes; experience in Credit products is advantageous
• Strong understanding of P&L attribution, valuation methodologies, reserves, and financial controls
• Experience working closely with Front Office, Risk, and Finance stakeholders in a fast-paced environment
• Solid knowledge of regulatory and accounting standards relevant to investment banking
• Strong analytical skills with the ability to produce clear, insightful commentary for senior stakeholders
• Systems experience with Murex and Business Objects is desirable
• Excellent communication skills and the ability to operate effectively within global teams