Product Control Analyst

 

Want to kickstart your career in accounting and product support at an investment bank?

Paid graduate training, ongoing support, and the chance to work with a leading global investment bank — the mthree Alumni graduate program gives you everything you need. (No training bond. No exit fees. No hidden catches.)

 

At mthree, we pair great graduates with brilliant global businesses. Our clients include tier-one investment banks and other major financial institutions across North America.

 

THE ROLE:

The Product Control Analyst produces PL and manages PL related activities for the Global Equity business strategies. The position requires a seasoned professional able to work closely with multiple traders and able to manage the integrity of the local general ledger. The individual must possess an excellent understanding of P/L production, comprehensive knowledge of various equity products and balance sheet maintenance. Required product knowledge will include an understanding of Equity linked securities and OTC options in addition to hedging instruments such as interest rate and credit default swaps and interest rate futures. This is a highly visible role due the nature of the position. The results reported by the individual are relied upon by the Senior Product Controller, Senior Management and Front Office to manage the businesses and report financial results to the head office in Canada.

 

PRINCIPAL RESPONSIBILITIES:

· Perform a daily P&L reconciliation and analysis function, while maintaining effective validation and controls.

· Responsible for the breakdown and analysis of both sequential and risk-based P&L decomposition

· Provide insightful PL commentary (daily/weekly/monthly)

· Meeting Reporting deadlines , and investigating and documenting breaches

· Highlight and analyze New Deal activity, including production of Significant Transaction Reviews

· Delivering an alternative method for analyzing different strategies

· Provide advice to the Traders and Senior Managers on trade bookings, accounting treatment, and reserving for new transactions

· Liaison between the Traders and Information Technology

· Compare and reconcile the Sub Ledger to the General Ledger

· Collaborate with other areas within the firm (FC, IT, Ops, FO, IPV, Risk, Tax)

· Provide documentation and initial responses to queries from internal audit

· Assist in ongoing projects and Ad hoc projects (investigations, and development of new tools)

 

BASIC QUALIFICATIONS:

· Experienced professional in Capital Markets product control environments with excellent understanding of Capital Market products.

· Accounting knowledge, Balance Sheet and Profit and Loss Statements.

· Strong analytical and problem solving skills.

 

REQUIRED:

· Bachelor Degree in Accounting/Finance.

· Understanding of all Equities and Fixed Income products as well as their accounting treatments.

· Product knowledge of Financial Instruments (Equities and Fixed Income).

· Understanding of “Greeks”.

· Numerate, able to work with spreadsheets and perform financial analysis

· Ability to interact successfully with the Front Office and senior management

· Working knowledge of Access, Advanced Excel, SQL and VBA are integral to this role.

 

AUTHORITIES, IMPACT, RISK

· The position has a significant impact over the accuracy of reported figures and the systems and process used to provide such accuracy.

· The position requires good judgement and input in dealing with the various offices and making sure that proper judgement is used when data is produced and distributed outside of Product Control.

· This is a complex position with numerous clients and the position has a very wide scope touching all businesses and trading strategies

 

KEY RELATIONSHIPS

· Traders for businesses supported.

· Financial Reporting

· Market Risk and Middle Office Teams.

· Various Operations Groups

· Product Control Senior Team. All Product Control supervisors and staff.

· The CFO for RBC CM in NY, members of the NY Finance Management team and their direct reports.

 

At mthree, our values support courageous teammates, needle movers, and learning champions all while striving to support the health and well-being of all employees. We take great pride in celebrating the diversity of each individual who contributes to making mthree the company it is today and will be in the future. We value diversity both within mthree and with our partner companies, and we're proud to provide an environment where all our colleagues can flourish. That means promoting a strong culture of equality but, most importantly, inclusion.

 

Applicants must be currently authorized to work in Canada on a full-time basis. The Company will not sponsor applicants for work visas.