Effective Product Control: Controlling For Trading Desks Hardcover 1

Peter Nash

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.

1118939816

9.78112E+12

English

John Wiley & Sons Inc

12/11/2017

376

1

Essential reading for those working in or with product control and anyone with an interest in banking and finance. The only book of its kind, well-written, easy to follow and packed full of practical examples.€”Keith Young, Product Control (Senior VP)."Peter has produced an invaluable reference tool for any product controller starting out in their career (and provides great nuggets of pertinent information for more experienced controllers too). I wish this book existed when I was starting out."€”Daniel Pass, Head of Valuation Control."Essential reading for a successful career in product control. This is an excellent overview of a product controller's work as it looks at the role from an end-to-end perspective. It is a valuable resource for people aspiring to be product controllers and those who have been in the industry for a few years. If you work in a third-party organisation and don't understand the overall controls framework, this is the book for you."€”Fahad Parvez, Product Control (Senior AVP)." As a Chartered Accountant with over 10 years' experience in financial services and product control, I found this book to be very well-written and would recommend it to anyone interested in a career in banking or wanting a greater understanding of how banks implement control and report P&L."€”Michael Fraser, Chartered Accountant.