Effective Product Control Av Peter Nash

<p><b>Improve the Effectiveness of your Product Control Function</b></p><p><i>Effective Product Control </i>is a detailed how-to guide covering everything you need to know about the function. Considered essential reading for: </p><ul><li>New controllers entering the profession</li><li>Auditors and regulators reviewing product control</li><li>Established controllers wanting a refresher on the latest skills and core controls within the industry.</li></ul><p>Encompassing both a technical skills primer and key insights into core controls used to mit¿igate major risks emanating from trading desks, you will get expert advice on practical topics such as: </p><ul><li>The key IFRS and U.S. GAAP accounting standards for a trading desk</li><li>How to approach the pricing of a financial instrument</li><li>Market risk and how is it quantified</li><li>The controls necessary for a trading desk</li><li>Rogue trading and how it can be detected</li><li>Valuation adjustments and why they are necessary</l

Improve financial product control operations with this comprehensive reference Effective Product Control provides detailed "how-to" guidance for the product control function, serving as a control standards primary reference for both internal and external stakeholders. Coverage includes tasks, roles, and functions, presented in an accessible way for introductory readers, while also offering best practice and improvement examples for the seasoned professional. Readers will learn how to handle risk exposure, exception reports, PNL, and more, and better grasp the relevant regulation, compliance rules, and standards.Key touch points include risk management, audit, accounting, treasury, trading and product sales, along with an examination of taxation and regulatory interaction including SOX, control review, valuations, and liquidity levels. Teaching and student ancillary materials include lecture slides, case studies, questions and answers, and functional documents that facilitate fundamental understanding. Product control within financial services organizations monitors trades, trade patterns, and entire portfolios to assess the remits and risks being taken, acting as the primary conduit between the trading desk and risk management, accounting, auditing, and financial functions.This book gives readers a foundation in product control, with detailed guidance toward every aspect of the function. * Gain a deeper understanding of common product controller tasks * Structure an effective and efficient product control function * Carry out audit and regulatory review more effectively * Understand product control's role within the financial institution Product controllers' primary responsibility is to ensure that traders operate within their assigned remits, and mark their books to market prices. The practice is crucial, but often poorly understood.For product control staff looking to enhance their skills and improve operational processes, Effective Product Control is the complete guide to the function.