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Institutional Banking and Markets (IB&M) is responsible for managing the Group’s relationships with major corporate and government clients and institutional investors, and provides a full range of capital raising, transactional and risk management products and services. IB&M Finance supports the business in providing financial control, financial analysis and insight, product control, regulatory accounting and related project and strategy implementation support.
Product Control is a global team responsible for the independent oversight and financial control of the Global Markets business. Key functions include oversight of all daily P&L production and analysis including attribution and commentary, month end accounting, General Ledger balance sheet reconciliations and other special tasks of the business across the full product range
Do work that matters
The product controllers mandate is to maintain a strong control framework around daily P&L and financial reporting. In addition, developing relationships with Front Office & other stakeholder areas such as Risk and Operations will be a key success factor in order to promote the Product Control group as a trusted and respected business partner.
You will be reporting to Manager Global Markets Product Control, and your role will require a close working relationship with the rest of the Global Markets business, Risk Management and other IB&M Finance areas globally. You’ll work closely with other members of the Global Markets Product Control team, which is made up of experienced Product Accountants with backgrounds across Markets businesses in a range of institutions globally.
See yourself in our team
The role includes, however is not limited, to the following:
Perform daily Profit and Loss reporting for various Global Markets Trading desks
Review of daily, monthly and quarterly P&L results and analysis in line with market moves, P&L drivers and risk positions
Partnering Front Office on strategic desk initiatives
Ensuring the accuracy and integrity of product source system data interfacing the general ledger
Review of balance sheet substantiation and month end ledger close
Preparation of data for statutory and regulatory reports
Ongoing enhancements to improve efficiency and controls and add value to the business
Participating in project work
We’re interested in hearing from people who have
Accounting background
2+ years’ experience in product control or financial control function
Good working knowledge of relevant accounting standards
Knowledge of financial markets and relevant traded products
Good working knowledge of relevant accounting standards
Knowledge of the financial reporting framework and strong technical skills
VBA, SQL, Tableau Prep, PowerBI, Alteryx or other analytical and automation tools
Ability to problem-solve, multitask, manage and meet competing deadlines
Strong commercial acumen
**Apply Now to live your best life, by doing your best work with us! **
If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.
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Advertising End Date: 02/07/2025