Additionally Product Controller needs to understand the financial structure or architecture of the bank and have to work with IT on lots of issues like Attribution, accounting rule engine development, develop a tactical and strategic way to fix reclasses done on balance sheet on month ends. Collaboration with multiple teams is imperative.
Very good point Anuj, understanding the f2b is very helpful. IT program the systems based upon the user requirements for the subjects you mention. So, the key for finance is knowing what you need and how to convey that message to the IT teams (and then test the system output). In addition to this, if funding for a significant upgrade is required, a business case may need to be put forward to justify the spend. Regulatory requirements are always helpful in this case. Do you agree?
Thanks Peter for this wonderful session. Unfortunately,not able to get any response from Oliver related to some guidance. Hopefully he will see this and respond.
In my experience, coding helps to retrieve meaningful data from the systems, whether its the GL or risk mgmt system etc. It can also help with automation at more agile firms.
Additionally Product Controller needs to understand the financial structure or architecture of the bank and have to work with IT on lots of issues like Attribution, accounting rule engine development, develop a tactical and strategic way to fix reclasses done on balance sheet on month ends. Collaboration with multiple teams is imperative.
Very good point Anuj, understanding the f2b is very helpful.
IT program the systems based upon the user requirements for the subjects you mention. So, the key for finance is knowing what you need and how to convey that message to the IT teams (and then test the system output).
In addition to this, if funding for a significant upgrade is required, a business case may need to be put forward to justify the spend. Regulatory requirements are always helpful in this case.
Do you agree?
Thanks Peter for this wonderful session.
Unfortunately,not able to get any response from Oliver related to some guidance.
Hopefully he will see this and respond.
Isn't coding more relevant in valuations role than other desks?
In my experience, coding helps to retrieve meaningful data from the systems, whether its the GL or risk mgmt system etc. It can also help with automation at more agile firms.