Role details

Funding Control

City of London   •   £55,000 - £60,000   •  Permanent

Bullet points

  • Funding Control
  • Premier Investment Bank

About Our Client

My client is a top tiered investment bank. Internationally known, with a sterling reputation.

Job Description

Finance is broadly responsible for the firm's financial resource and capital management, financial reporting and risk monitoring. In these capacities, Finance is the principal adviser to senior management on essential areas such as controlling the firm's global risk exposure, profitability and capital and other financial resource allocations of the firm's various businesses. Finance activities are organized into six main areas:

The Controllers, Corporate Insurance and Risk Advisory Group, Corporate Tax, Corporate Treasury, Credit and Market Risk Management and Analysis.

Finance is a critical area within this organization.

As contact with virtually every part of the firm is essential to Controllers, professionals in the department experience in my client's businesses, products and sophisticated technology systems in depth. If you want to develop an in-depth understanding of financial services, Controllers is a great place to begin your career. You will receive continuous training, both formal and informal, and the support of senior members of our team.

Product Control and Funding Control is one of the largest departments within Controllers and supports the trading divisions across all asset classes: Fixed Income, Currencies and Commodities, and Equities.

Its main responsibilities are to produce and analyse the daily trading activities, to report the trading divisions' profits and losses and to verify the values of positions held by the trading desks, both cash and derivative. This role requires extensive liaison with the trading desks, the Risk Management Group and the Operations Teams, as well as with colleagues in Controllers. Product Controllers are expected to develop a good understanding of the products they monitor and of the strategies used by the trading desk to generate revenue for the organization. The function has become increasingly technical in content and offers a challenging and interesting role, which would suit dynamic, bright and ambitious individuals with a drive to succeed.

The Successful Applicant


  • Preparing daily P&L's for trading desks, involving assessment of the nature of revenue generated in the context of market moves and risk held as well as reconciliation between front office sub-ledger and Firm general ledger. Price verification; monthly review and challenge of trader inputs into inventory pricing as well as incremental assessment of less observable inputs.
  • To interact effectively and pro-actively with traders and their management.
  • Intelligently reviewing trading activity with the objective of informing around the valuation of the portfolio and also highlighting anything unusual or material to management.
  • Assessing risk inherent in trading positions, whether market, compliance or reputational risk etc.
  • Knowledge of products and market awareness.
  • Producing and reviewing p&l attribution and commentary for the bank's trading, investing and new issuance businesses
  • Understanding of the impact of Regulatory Capital rules on a trading desk's ongoing and new business.
  • Identifying any trades booked incorrectly in the firm's trade procession systems Production and analysis of the balance sheets for a trading desk and understanding and explanation of moves. Preparing monthly accounts for posting to the firm's general ledger and producing/reviewing relevant external disclosures.
  • Ensuring compliance with all the Firm's financial reporting requirements.
  • Account and monitor for the Firm's secured and unsecured financing activities.
  • Liaising with other Federation departments in a collaborative and problem-solving capacity.
  • To be fully informed of all department developments and issues in their trading areas.


  • Qualified Chartered Accountant; or other relevant professional financial qualifications (eg CFA)
  • We will also consider part-qualified candidates currently on other bank ACA/or similar programmes Strong attention to detail and analytical capability
  • Good interpersonal skills as complement to technical aptitude
  • Desire to learn and interest in financial markets and products
  • Track record of improving processes and adding value to clients/stakeholders

What's on Offer

Base Salary: 55,000 - 60,000k PA

Full benefits package + healthcare, pension, et al

Competitive bonus scheme.

Market leading training, linear progression. Very suitable for ambitious and personable personalities.

Apply for this job

Click the Apply or LinkedIn button below or contact Katie Coby on +44 207 776 5954 quoting job reference 13485311
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