Produce and validate the daily trading P&L and explain the day's moves clearly to the desks.
Built an automated P&L-reporting and reconciliation process that cut the close time and reduced errors.
Review all the valuations, the reserves and the fair value across all the desk's positions.
Reconcile the full front-to-back and investigate and resolve all the breaks and the discrepancies daily.
Partner with the trading, the risk and finance teams while staying independent on the numbers.
Meet the tight daily deadlines where the P&L must be both fast and exactly right.
Fred Lawson
Product Control Officer
The independent check on trading P&L and risk
Product control officer with eight years in product control at investment banks in London. Provides the independent check on the trading desks — producing and validating daily P&L, explaining the moves, reconciling positions, and making sure the numbers the bank reports are right. Built an automated P&L-reporting and reconciliation process that cut close time and reduced errors. Produces daily P&L and commentary, reviews valuations and reserves, reconciles front-to-back, and partners with trading, risk and finance while staying independent. Strong on both the financial-product knowledge and the control rigour the role demands, where the P&L has to be both fast and right. Precise, questioning and calm under daily deadlines. Looking for a product-control, valuation-control or financial-control role with a bank or trading firm.
Personal
Location
London, UKNationality
BritishGender
MaleNotice Period
3 monthsDate of Birth
1992-09-19Personal Skills
Attention to Detail
Analytical Thinking
Independence
Composure
Integrity
Professional Skills
- P&L Production
- P&L Explain
- Valuation Control
- Reconciliation
- Financial Products
- Reserves & Fair Value
- Controls
- Process Automation
- Financial Reporting
- Excel
Languages
English (UK)
Native or Bilingual ProficiencySpanish
Limited Working ProficiencyProfessional Experience
London Investment Bank
Product Control Officer April 2016 to Present
City Markets Bank
Product Control Analyst August 2013 to March 2016
Produced the daily P&L and the reconciliations for the trading desks each day.
Investigated the breaks and supported the month-end reporting cycle each period.
Worked through the ACA qualification alongside the busy desk role itself.
Gained the ACA and then moved into a product-control-officer position.
Investigated the breaks and supported the month-end reporting cycle each period.
Worked through the ACA qualification alongside the busy desk role itself.
Gained the ACA and then moved into a product-control-officer position.
City Markets Bank
Finance Analyst June 2011 to July 2013
Worked in finance producing the reports, reconciliations and analysis for the bank.
Learned the products, the ledgers and financial control on the job.
Built the accounting foundation that good product control is built on.
Then earned the move into a product-control analyst role from there.
Learned the products, the ledgers and financial control on the job.
Built the accounting foundation that good product control is built on.
Then earned the move into a product-control analyst role from there.
Certifications
ACA Chartered Accountant
ICAEW (June 2017 to Present)
Financial Products & Valuation Control
CISI (April 2019 to Present)
Highlights
Automated the P&L process
Independent and right
Education
University of Warwick
Bachelor — BSc (Hons) Economics & Finance (September 2010 to June 2013)
ICAEW
Master — ACA Qualification (January 2014 to June 2017)
Key Initiatives
Reconciliation Controls Build
Product Control Officer (January 2019 to September 2019)
Valuation-Control Review
Product Control Officer (February 2020 to July 2020)
