Book description
Improve the Effectiveness of your Product Control Function
Effective Product Control is a detailed how-to guide covering everything you need to know about the function. Considered essential reading for:
- New controllers entering the profession
- Auditors and regulators reviewing product control
- Established controllers wanting a refresher on the latest skills and core controls within the industry.
Encompassing both a technical skills primer and key insights into core controls used to mitigate major risks emanating from trading desks, you will get expert advice on practical topics such as:
- The key IFRS and U.S. GAAP accounting standards for a trading desk
- How to approach the pricing of a financial instrument
- Market risk and how is it quantified
- The controls necessary for a trading desk
- Rogue trading and how it can be detected
- Valuation adjustments and why they are necessary
- How the prices used to value a trading portfolio are independently verified
- The financial accounting entries used to record financial instruments in the balance sheet and profit & loss statement
- Financial reporting and how the results of a trading desk are presented
- How a new financial product can be introduced in a controlled manner
Complete with a wealth of insightful graphs, illustrations and real-world examples to enliven the covered material, the dependable answers you need are in Effective Product Control.
Table of contents
- Preface
- Acknowledgements
- About the Author
- Part 1 Working in Product Control
- Part 2 Technical Skills
-
Part 3 Profit and Loss Controls
- CHAPTER 8 System Feeds, End of Day Rates and Profit and Loss Estimates
- CHAPTER 9 Review of New and Amended Trades
- CHAPTER 10 Review of Mark-to-Market P&L
- CHAPTER 11 Funding, Fees and Charges
- CHAPTER 12 Profit and Loss Adjustments
- CHAPTER 13 Profit and Loss Commentary
- CHAPTER 14 Profit and Loss Reconciliations and Sign-Offs
- Part 4 Valuations
- Part 5 Balance Sheet Controls
- Part 6 Financial Accounting and Reporting
- Part 7 Supplementary Controls
- Index
- EULA
Product information
- Title: Effective Product Control
- Author(s):
- Release date: December 2017
- Publisher(s): Wiley
- ISBN: 9781118939819
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