VP Product Control - Global Banking Group - £90,000 - £120,000 + Bonus + Full Benefits - City / London (with hybrid working)
Core
Independent valuation oversight and control of the trading balance sheet, including P&L reporting support.
Role type
Senior Product Control Manager (Valuation & P&L)
Builds
Valuation packs, P&L reports, and control frameworks for the trading balance sheet.
Domain
Global Banking, Capital Markets, Derivatives
Required skills
Valuation methodologies (XVA: CVA, DVA, FVA, MVA), Independent Price Verification (IPV), P&L analysis, IFRS, Financial modeling, Process improvement
Preferred skills
Power BI, Alteryx, Excel, ACA/ACCA/CIMA qualification
Technologies
Power BI, Alteryx, Excel
Responsibilities
Own valuation control and fair value reporting for the trading balance sheet; Perform and oversee Independent Price Verification (IPV) processes; Review and challenge Front Office valuations, market data, and methodologies; Investigate and resolve valuation differences and exceptions; Calculate valuation adjustments (CVA, DVA, FVA, MVA, PVA); Support daily P&L reporting, analysis, and attribution; Partner with P&L controllers to resolve queries; Ensure accurate accounting and classification of P&L and Balance Sheet balances; Support financial close activities; Act as SME for derivative products (Swaps, FX, Structured); Lead process improvement and automation initiatives; Maintain valuation policies and procedures; Support regulatory reviews and governance forums.