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VP-MBS Product Controller: Barclays Capital

Job ID17425
Company NameBarclays Capital
Job CategoryAccounting/Finance
LocationNew York, NY
Position TypeFull-Time, Employee
Experience0-1 Years Experience
Date PostedNovember 2, 2009
Barclays Capital
View Barclays Capital profile and job listings

Department Overview
Product Control has a significant presence within the organization. Its primary role is to ensure the integrity of the Balance Sheet of Barclays Capital for revenue related accounts; there is a close working relationship with the trading desks and other areas focusing on controls such as risk management and statutory reporting. In addition, Product Control is a central point of contact for many issues that affect the bank including new product approval, model validation and independent verification of trader valuations. Product Control is able to address control and operational risks and meet internal and external obligations by placing a heavy emphasis on information technology and focusing on project work.

Main Function
MBS product Control performs many functions in the validation of the revenue components of the Income Statement and of the inventory components of the balance sheet. MBS Product Control accomplishes this through data validation and adjustment, price verification, provisioning, profit and loss analysis and reporting. Product Control also plays a major role in new business, regulatory / audit related reviews and risk calculation and reporting.

Main Duties

MBS Product Control performs the following functions

Data Validation:

· Responsible for ensuring that FOBO reconciliations are completed and that adjustments to risk model inputs and profit and loss are made and that downstream users have access to validated and adjusted data
· Set-up books for the business to trade in
Risk:

· Ensure that the data used for risk reporting is validated and accurate

· Run of official risk at close of business and reporting risk to trading and other management
Monitor trader mandates:
· Ensure that traders are not trading outside of established mandates
P&L:

· Adjust back-office (g/l) based profit and loss with adjustments from FOBO process

· Preparation of risk and activity-based P&L attribution report
  • Report profit and loss to the business, risk management, etc. at the end of each day

· Monitor profit and loss against established stop-loss limits



Person Requirements
Essential:
  • Four year accounting/finance degree
  • 4-8 years of product control/operations experience ideally with a focus on MBS
  • Experience interfacing with Operations, Allocations, Trade suppoert
  • Fluent with microsoft Excel
  • MBS/Securitized products product accounting knowledge
  • Good time management skills and able to meet regular, tight daily deadlines
  • Strong written and oral communication skills
  • Good awareness of team and ability to work flexibly to cope with team workload
  • Good IT skills, particularly Excel incl. basic macros


For more information and to apply online, click here.


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