Business Finance - Product Controller - Associate

Business Finance - Product Controller - Associate

Deutsche Bank
Not Specified
Not Specified

Job Description

Position Overview
The Business Finance group of Deutsche Bank is an independent control function with a critical role of ensuring integrity, completeness, and accuracy of the Bank's financial books and records. A core component of Business Finance is the Product Control function. Product Control is a control function found in Financial Institutions, primarily in Investment Banks. Product Control is a crucial part of finance that provides transparent and accurate valuation and appropriate regulatory control to avoid reputational damage to the Bank. In Deutsche Bank, this control function leverages on a multi-skilled team with capabilities to understand the financial impact of trades from the analysis of Risks and Profit & Loss up to the substantiation of the Balance Sheets- and creates a strong connectivity between the finance processes and the Front Office.
The Risk and Profit & Loss team is responsible for producing daily profit-and-loss and risk numbers for the trading desks. It ensures all trading activities and figures are properly recorded and validated based on the Bank's controls. Whereas, the Accounting Control core responsibility is to ensure the completeness and accuracy of the General Ledger for the transactions and products and provide full balance sheet substantiation for the product-specific accounts.
Your key responsibilities
  • As a Risk and P&L Bookrunner, you will produce and report daily P&L and Risk numbers.
  • You will review daily exceptions within the P&L (e.g. failed trades, currency breaks and booking issues analysis), and provide explanation and commentary on the P&L, and report the analysis of risk exposures
  • As an Accounting Controller, you will reconcile and close the month-end General Ledger for the accounts (Balance Sheet and P&L) for the product(s) relating to the Business and Entities within the Service Level Agreement
  • You will investigate and clear exceptions/break items, interacting with RP&L, Operations and Transaction Accounting teams to ensure that MAFA reconciliation of all forms are clean and aged breaks have clear ownership and defined escalation process
  • You will improve processes and implement standardization (and improvements) to methodologies and outputs

Your skills and experience
  • Bachelor's Degree in either Math, Finance, Economics, Accountancy, Business or Management Engineering, while further professional qualification or study .e.g. CPA, CFA, CMA, or Master's Degree will be an advantage.
  • Experience working in the Banking, Investment or Finance-related industry
  • Knowledge of a range of financial products and markets
  • Analytical and organized, having the ability to work both independently and as part of a team, and can cope in a fast-paced, deadline-driven and high-risk environment

How we'll support you
  • Training and development to help you excel in your career
  • Coaching and support from experts in your team
  • A culture of continuous learning to aid progression

What we'll offer you
  • Competitive Salary
  • Attractive Retirement Benefit
  • Medical and Life Insurance upon employment
  • 20 days Annual Vacation Leaves

Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Click to find out more about diversity and inclusion at Deutsche Bank.
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