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Product Control
Challenges
- Incomplete or inaccurate capture of trade data used for various calculations by accounting and P&L systems
- Lack of resources with understanding of appropriate booking / valuation methodology for complex and structured transactions
- Disparate sources and lack of standardization of market data required to produce P&L, position statements
- Incorrectly accounted transactions of all trading Profit and Loss (P&L), positions and related corporate data
Solution
- Automated / semi-automated capture of trade data from multiple sources into FO / MO systems
- Proactive crawling and monitoring of market data sources to gather accurate pricing information
- Reconcile daily traders' estimates, review, amend adjustments and carry out completeness
control checks as appropriate
- Investigate the P&L impact of amendments across products and asset classes
- Build complex pricing models / tools to calculate Daily P&L (based on EOD prices, for instruments traded) in accordance with regional / international GAAP
- Categorize and document risk adjustments, working in conjunction with risk managers
- Develop rules to auto-correct the risk adjustments through systems
- Produce MI and reports based on client / regulatory requirements on pre-designated frequency
(Weekly / Monthly / Quarterly)
- Provide cluster and regional level allocation reporting detail to the respective front office desks
Benefits
- Data capture accuracy using in house custom built trade and master data capture tools
- Ensure correctness of transaction by thorough understanding of GAAP and other regulatory requirements
- Customized reporting methodologies – daily newspaper to executive web based dashboards as well as monthly and quarterly business reviews
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