Product Controller

Posted:
8/14/2024, 10:21:35 PM

Location(s):
England, United Kingdom ⋅ London, England, United Kingdom

Experience Level(s):
Mid Level ⋅ Senior

Field(s):
Product

The Group Product Controller is a newly created and pivotal role within our finance team, designed to support our strategic product diversification and expansion efforts. This role is responsible for the accurate validation and reporting of profit and loss (P&L) across all trading desks on a daily, weekly, and monthly basis. The successful candidate will play a critical role in ensuring the financial integrity and performance of both new and existing products, providing vital insights to senior management and contributing to the company's long-term success.

Key Responsibilities:

  • Daily P&L Validation and Reporting:
    • Accurately validate and report daily profit and loss figures for all product lines, including futures, options, cash equities, and treasury products.
    • Ensure data accuracy and consistency across all reporting platforms.
    • Investigate and resolve any discrepancies in a timely manner.
  • Weekly and Monthly Financial Reporting:
    • Prepare and deliver comprehensive weekly and monthly financial reports, including variance analysis and commentary on P&L performance.
    • Collaborate with finance, risk, and product teams to ensure alignment on financial results and key metrics.
  • Product Performance Analysis:
    • Conduct in-depth analysis of product performance, identifying trends, risks, and opportunities for improvement.
    • Provide actionable insights and recommendations to senior management to drive profitability and support strategic decision-making.
  • Support Product Diversification and Expansion:
    • Work closely with product teams to understand the financial impact of new product launches and expansions.
    • Develop and maintain robust financial models to assess the profitability of new products and initiatives.
    • Monitor and report on the financial performance of new products post-launch.
  • Financial Controls and Compliance:
    • Establish and maintain strong financial controls to ensure the accuracy and integrity of financial data.
    • Ensure compliance with relevant accounting standards and regulatory requirements.
    • Liaise with external auditors during financial audits and reviews.
  • Cross-Functional Collaboration:
    • Partner with key stakeholders across the organization to support business objectives.
    • Build and maintain relationships with both Front Office and other control areas including Risk, Treasury, FP&A and Operations and gain commercial understanding of the relevant businesses and their operational processes.

KEY SKILLS AND EXPERIENCE

  • Qualified accountant (ACA/ACCA/CIMA)
  • Proven experience in product control, financial reporting, or similar role within the financial services industry
  • Strong understanding of financial products, particularly in futures, options, cash equities, and treasury.
  • Advanced proficiency in financial modelling, analysis, and reporting tools (e.g. Excel, SQL, Power BI).
  • Excellent analytical skills with a keen attention to detail and accuracy.
  • Strong communication and interpersonal skills, with the ability to present complex financial information to non-financial stakeholders.
  • Ability to interact with senior management and Front Office staff
  • Ability to work under pressure, meet tight deadlines, and manage multiple priorities in a fast-paced environment.
  • Experience with financial control frameworks and regulatory requirements is a plus.

CMC Markets is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of gender, sexual orientation, marital or civil partner status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age.

CMC Markets UK Plc

Website: https://cmcmarkets.com/

Headquarter Location: London, England, United Kingdom

Employee Count: 501-1000

Year Founded: 1989

IPO Status: Public

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