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Principal Recruiter - Finance, Risk & Procurement Specialist at The Adecco Group - Pontoon Solutions
Head of Product Control
London/Hybrid
Contract to 23/09/2025
Day rate from £600 via Umbrella Company
My client is one of the largest financial institutions headquartered in Japan, with an established presence across all consumer and corporate banking businesses. Through its subsidiaries and affiliates, they offer a diverse range of financial services, including commercial banking, leasing, securities, credit card, consumer finance and other services.
They are looking for a Head of Product Control to join their Product Control Team. The position is being offered on a contract to 23rd September 2025 with the potential to extend. Based at their London office you will be hybrid working being office based a minimum of 3 days a week. You will be working Monday to Friday, standard office hours with the occasional need for out of hours work as required.
Role Summary
In this position you will be supporting the development of the finance function at the organisation, providing finance & control support across the derivatives and securities product control functions designed and built in London since June 2015. There will be an emphasis on the reporting and control of transactions that are booked through London entities. You will have control of the derivatives and securities business daily P&L reporting, balance sheet substantiation and general ledger integrity and will include involvement with head office reporting and annual statutory reporting.
Key Stakeholders include:
* Senior Management (including CEO, Chairman, COO, Head of SPG, Head of DPG)
* Securities Front offices (DCM, ECM, FIST, EST and M&A)
* Derivatives Front offices
* Finance
* Securities Operations
* New York Finance
* Business Unity Control and Trade Support both London and NY
Facts / Scale
* A team of 5 product controllers responsible for reporting of a $250m annual revenue Business with $1.8bn net assets
* Supporting multiple trading desks across derivative and securities activity, across a wide spectrum of product classes (Multi currency/entity/capacity/country/complexity)
* Pivotal role in supporting stakeholders across trade booking, reconciliation, reporting, product testing, accounting, external reporting
Responsibilities
* Overall responsibility for the management of own time and allocated workload along with responsibility for the leadership and management of 3 staff in the business unit in the UK, including performance, appraisal and talent management and reward decisions.
* Working with other departments with regard to daily valuations and reporting
* Work with middle and back office groups to resolve any portfolio discrepancies and making improvements to daily processes
* Daily valuation of derivatives/securities portfolio and pnl reconciliation, and accurate reporting of Greeks and P&L to front office and senior management
* Derivatives/Securities pricing testing and validation (IPV)
* Analysis of credit simulation results and simulating exotic transactions to determine expected and potential exposures for xVA matter (CVA, DVA, FVA and OIS)
* Assist with adhoc requests and projects for quantitative and finance matters
* Assist the treasury and front desk by analysing and calculating valuation differences due to collateral changes on derivatives
* Assist in the risk management of securities underwriting and related bond/equity trading business
* Interface with financial control to ensure all aspects of finance related to trading activity is fully controlled, documented, evidenced and substantiated for audit purposes
* Lead Product Control Projects to help deliver efficiency gains and process improvements and provide input to wider projects requiring SME input from the team for delivery
* Manage the team workflow to ensure that all deliverables are met, issues are escalated and clear plans are in place to adapt to changes in systems, business needs and reporting requirements.
Skills and Background:
* Experience of Group manager in Financial Control or Product Control within a bank setting.
* Experience to include FX and Equities, Government and Corporate Bonds, Repo and Reverse Repo.
* Quantitative skill: Enable to use VBA and Excel formula to build various tool. Understand valuation model (Forward Curve construction and Discount curve construction)
* Accounting knowledge: Balance sheet substantiation, Fee reconciliation and Cash reconciliation
* Positively support and mentor team staff to achieve the goal
Candidates must show evidence of the above in their CV to be considered.
Please be advised if you haven't heard from us within 48 hours then unfortunately your application has not been successful on this occasion, we may however keep your details on file for any suitable future vacancies and contact you.
Seniority level
* Mid-Senior level
Employment type
* Contract
Job function
* Product Management, Accounting/Auditing, and Management
Industries
* Investment Banking, Banking, and Financial Services
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