Product Control Analyst at Banco Rabobank International

About The Role

Control & Analysis

A plausibility check of the calculated results;
Analysis of the traders’ activity for regular products and within its portfolio;
Analysis of the prices used for valuation and comparison to market prices to ensure valid valuation;
Acts as sparring partner for the business, particularly regarding the valuation of the financial products;
Liaises with different departments involved as Operations, Market Risk, Control RI;
Questions or challenges the trader if results remain unclear or no agreement can be found.
Proactively addresses opportunities to optimize current operations and gives input to or initiates actions plans to the Team Lead or Manager that transcend the appointed activity areas;
Specifies and implements controls around new business and products;
Analysis of the impact of potential new trading activities within the portfolio besides analysis of existing traders activity within the portfolio.

Provides timely independent daily and monthly P&L reporting, P&L decomposition, Balance Sheets, General Ledger account certification, insight into risks relating to specific business processes and/or system performance issues.
Substantial time pressure is involved due to the size of the amounts and risks involved.
Due to the materiality of the business a timely reporting is essential to ensure a quick discovery of irregular positions and/or P&L which may impact the income and risk position of Rabobank International.
Ensures that the reported (front system based) figures and the General Ledger accounts are in line.

Policies & procedures

Identifies bottlenecks in the operation concerning the appointed activity area and develops and proposes possibilities to the Team Leader or Manager for new or adapted reporting and/or accounting policies, guidelines and templates as well as proposing subsequent Performance Indicators and efficiency improvements;
Takes care of the execution and monitoring of reporting and/or accounting policies, guidelines and templates within the appointed activity area;
Gives pro-active advice, instructions and answers questions concerning for example processes and the reporting and/or accounting policies, guidelines and templates within the appointed activity area and/or new business.
Is involved in the approval process of new business proposals.
Improves policies and procedures on more complex activity areas.
Has in depth analytical knowledge on all guidelines, procedures, processes and systems. Can interpret them and explain them to others.
Stays up to date on latest developments in the finance and control environment with emphasis on relevant accounting and reporting developments i.e. IFRS, DNB.

Identifies change requirements concerning the systems and applications used by the team.
Assists in the requirements preparation and documentation in relation to the (further) development and maintenance of these systems and applications;
Undertakes improvement projects concerning: procedures, systems or applications on his/her own initiative.
Initiates, participates in and contributes to Global projects;
Identifies problems and develops tactical solutions on his/her own initiative.
Identifies problems and specify structural solutions on own initiative in close relation with Sr. management

Profound knowledge of (Brazilian) financial trading instruments and market risk.
Experience of working directly with traders and supporting Front Office staff.
Solid Excel and VBA experience in a financial institution. Access knowledge is a plus.
Interest in Global Financial Markets, Treasury related activities
Finance/Economics/Quantitative degree in a top university.
At least 1-4 years experience with working in a dynamic international environment.
A previous experience in product control services is definitely an asset.
Excellent English communication.

PCD´s candidates can apply for any Rabobank vacancy.