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See yourself in our team
Institutional Bank and markets (IB&M) build deep relationships with large private and public sector organisations, providing them with bespoke solutions that meet their complex needs. This is delivered through a full range of financial markets capabilities, capital raising solutions, transaction banking services 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 key part of IB&M Finance. It is a global team responsible for the independent oversight and financial control of the Global Markets business.
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.
Do work that matters
As a product controller for the Fixed Income and Currency Trading business in Global Markets your responsibilities will include:
Preparation of daily P&L reports
Analysis and interpretation of daily results in line with market moves, P&L drivers and risk positions including investigating variance to trader estimate and ensuring revenue attribution is accurate
Liaise with Front Office, Operations, Market Risk, and other stakeholders to resolve issues
Partner Front Office on strategic desk initiatives
Ensure the accuracy and integrity of product source system data interfacing the general ledger
Balance sheet substantiation
Month End ledger close
Assistance in statutory and regulatory reporting
Ongoing enhancements to improve efficiency and controls and add value to the business
Involvement in project work
We're interested in hearing from people who have
CA/CPA qualification
Numerate with good understanding of financial products including derivatives
Strong accounting skills
Good working knowledge of relevant Financial Reporting standards
Product system / General Ledger system skills
Strong Excel / VBA / SQL skills
Understanding of valuation concepts and methodologies
Excellent Communication skills leading to openness, honesty & transparency at all times
Understands business drivers to provide genuine business valued output and analysis
Actively builds relationships within and across business streams, functional areas and regions
Control focussed with the ability to manage and meet deadlines
Risk Mindset - All CommBank employees are expected to proactively identify and understand, openly discuss and act on current and future risks
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: 26/03/2024
