Effective Product Control Controlling for Trading Desks
Effective Product Control Controlling for Trading Desks by Peter Nash, published by John Wiley & Sons on December 4, 2017, is a comprehensive guide designed to enhance the effectiveness of product control functions within trading environments. This 384-page book serves as a resource for new controllers, auditors, and established professionals seeking to update their knowledge on essential skills and core controls in the industry.
Readers will find detailed insights into critical topics such as IFRS and U.S. GAAP accounting standards, market risk quantification, and the necessary controls for trading desks. The book also addresses practical issues like rogue trading detection, valuation adjustments, and the financial accounting entries relevant to trading portfolios. With a blend of technical skills and real-world examples, Effective Product Control provides a thorough understanding of the mechanisms that underpin successful product control in the finance sector.
Official synopsis Publisher
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.
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