Know the Importance and Functions of Product Control Department.

Are you aware that One of the major reasons of 2008 Financial Crisis was attributed to weak Product Control system in Banks?

To ensure better controls, since 2008 Investment Banks have started making their Product Control department more Robust / Independent so as to evert crisis of 2008 level. Through this course we will see how controls environment has evolved and contributed towards the effective functioning of the department and bank at macro level.

Understand Product Control Functions and its contributions towards an effective Controls Environment within an Investment Bank Operations.

Generally speaking, Product Control act as an in house guardian of data and information in an Investment Bank which ensures integrity, completeness and accuracy of all trading profit and loss positions and related finance data. Product control sits within the finance department and is aligned to support the business. We are here to guide you through all the functions performed by the Product Control department through its Divisions.

This course will help you understand how Product Control how Product Control plays a critical role in growth of the Market business without exposing the bank to any significant Risks.

This course will also help you to understand how Senior Management team controls the activities of traders and how the organizations De-Risk themselves for major movements in the markets.



Know the Importance and Functions of Product Control Department.

Are you aware that One of the major reasons of 2008 Financial Crisis was attributed to weak Product Control system in Banks?

To ensure better controls, since 2008 Investment Banks have started making their Product Control department more Robust / Independent so as to evert crisis of 2008 level. Through this course we will see how controls environment has evolved and contributed towards the effective functioning of the department and bank at macro level.

Understand Product Control Functions and its contributions towards an effective Controls Environment within an Investment Bank Operations.

Generally speaking, Product Control act as an in house guardian of data and information in an Investment Bank which ensures integrity, completeness and accuracy of all trading profit and loss positions and related finance data. Product control sits within the finance department and is aligned to support the business. We are here to guide you through all the functions performed by the Product Control department through its Divisions. This course will help you understand how Product Control how Product Control plays a critical role in growth of the Market business without exposing the bank to any significant Risks. This course will also help you to understand how Senior Management team controls the activities of traders and how the organizations De-Risk themselves for major movements in the markets.

What You will Learn

✓

Define Product Control, its functions and how it contributes to the profitability of the organization.

✓

Importance of Product Control and the various Control Functions.

✓

PC Key Stake Holders and their Roles & Responsibilities.

✓

Changing Landscape of Product Control since 2008 Financial Crisis.

✓

PnL, Balance Sheet and Valuations Procedures and Analysis.

✓

How Reconciliations are made.

✓

Report Production and Analysis Techniques.

✓

Internal Control Framework Analysis.

Course created by Industry practitioners
3 Real world projects preparing you for the role of a business analyst
Community Support with access to industry experts
100% online
Flexible schedule, learn at your own speed
Shareable completion certificate and path to industry certification
What You will Learn
✓

Define Product Control, its functions and how it contributes to the profitability of the organization.

✓

Importance of Product Control and the various Control Functions.

✓

PC Key Stake Holders and their Roles & Responsibilities.

✓

Changing Landscape of Product Control since 2008 Financial Crisis.

✓

PnL, Balance Sheet and Valuations Procedures and Analysis.

✓

How Reconciliations are made.

✓

Report Production and Analysis Techniques.

✓

Internal Control Framework Analysis.

Course created by Industry practitioners
3 Real world projects preparing you for the role of a business analyst
Community Support with access to industry experts
100% online
Flexible schedule, learn at your own speed
Shareable completion certificate and path to industry certification

Take the course today and start learning

Enroll Now

This course is for you

  • If you are a student or a recent grad aspiring for a career in IT industry.

  • If you are a software QA and want to acquire skills to be a Business Analyst.

  • If you want to change your career and move to lucrative careers in IT.

  • If you want to restart your IT career after a career break.

  • If you are preparing for Skillboard - Certified Business Analyst’ or Certified Associate - Securities Operations certification

What you'll get from this course

  • 50+ Micro-lessons

    25+ hours long masterclass broken down into detailed micro-lessons

  • 20+ Course resources

    Over 20+ resources full of examples, worksheets, templates, and checklists

  • Step-by-step guidance

    Get 4 different milestones to focus on in this course with a checklist to help guide you through the steps

Course curriculum

    1. Investment Banking - Quick Recap

    2. Trade Life Cycle and Understanding where Product Control Fits in

    3. The Emergence of Product Control

    4. The Purpose of Product Control

    5. Different types of Product Control

    6. PC - Skills, Qualifications and Experience

    7. Day in the Life of Product Controller

    8. Organizational Structure

    9. PC - Career Path & Compensation Structures

    10. Changing Landscape of Product Control

    11. Key Stake Holders - Roles & Responsibilities

    1. Introduction to Accounting Control

    2. Understanding Accounting Standards and its Applicability on Product Control Functions

    3. Financial Assets & Liability - Recognition & Derecognition

    4. Types of System Feeds and Rates

    5. Understanding Adjustments Basis Local Accounting Practices

    6. Introduction to PnL

    7. Types of PnL and their Importance

    8. PnL Reconciliations - Types and Process

    9. Activity

    10. Post PnL Reconciliation Process - Comparison , Analysis, Verification, Adjustment & Sign off - Types, Process and Role of Stakeholders

    11. Risk Measurement and Analysis Post Reconciliation

    12. Reporting the Final PnL and Books Finalization

    13. Quiz

    14. Introduction to Balance Sheet Reporting

    15. Types and Production of Balance Sheet Reports

    16. Balance Sheet Variances - Analysis and Resolution of Breaks

    17. Balance Sheet Substantiation

    18. Managing Breaches in Balance Sheet Numbers - Analysis and Resolution

    19. Introduction to the Concept of Sub Ledgers, Sub Ledger Accounts and Account Balances

    20. Breaks Resolution - Process and Techniques

    21. Post Break Resolution process - Activities Performed by Product Control

    22. Activity

    1. Introduction to the Concept of FX Selldown

    2. Managing Funding, Fees and Charges

    3. Trade Data Amendments - Review and Manage

    4. Inter Company Trades Monitoring

    5. Tax Withholding - Importance & Process Performed by Product Control in Cross Border Transactions

    6. Stress Testing Activities - Role of Product Control

    7. Managing Nostro's

    8. Permitted Instruments

    9. Activity

    1. Understanding Valuation Concepts and Techniques

    2. Valuation Models - Types and Purpose

    3. Valuation Adjustments

    4. Independent Price Verification - Purpose and Techniques

    5. Model Calibrations

    6. Pricing of Financial Instruments

    7. Variance Monitoring

    8. Day 1 PnL Reporting

    9. Off Market Rate Checking

    1. Types of Reports Produced by Product Control - Financial, Regulatory, Internal & External

    2. Reports Analysis Including Commentaries

    3. Report Customization

    4. Internal Control Framework

    5. Market Risk - Role of Product Control

    6. Quiz

    1. Securitization

    2. Hedging Unit

    3. New Products Due Diligence and Support

    4. Rogue Trading Management

    5. Quiz

    6. Activity

About this course

  • $99.00
  • 63 lessons
  • 0 hours of video content

Take the next step in acquiring Business Technology skills

Enroll Now

What our learners say

Peter Walsh

5 star rating

“I have taken the corporate action boot camp course when I was about to take up an interview with my current employer, I was able to answer all business questions related to corporate action . This has helped me professionally, therefore I recommen...”

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“I have taken the corporate action boot camp course when I was about to take up an interview with my current employer, I was able to answer all business questions related to corporate action . This has helped me professionally, therefore I recommend them to anyone.”

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Melissa Grey

5 star rating

“Piskilled courses imparts excellent training, beneficial for both the business operations and IT teams to upskill. The trainers and skill coaches are domain experts and are very responsive & eager to share their knowledge and experience.”

“Piskilled courses imparts excellent training, beneficial for both the business operations and IT teams to upskill. The trainers and skill coaches are domain experts and are very responsive & eager to share their knowledge and experience.”

→Read Less

Frequently Asked Questions

Got questions? We've got answers!

  • Will I get a certificate of completion?

    All Industry Bootcamp courses have completion certificates . Once you complete the learning program , take the assessment quiz and score minimum required 75% you will be issued a certificate of successful completion.

  • How long do I have access to the course?

    You will have access to the course for a period of 1 year from the date of purchase.

  • Can I get access to community even if I have not purchased the course?

    Anyone who has enrolled for course (even if enrolled for free) will have automatic access to the community.