Effective Product Control: Controlling for Trading Desks (The Wiley Finance Series) - Hardcover

Nash, Peter

Hardcover

ISBN 10: 1118939816 ISBN 13: 9781118939819

Publisher: Wiley, 2017

Synopsis

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.   

About this title

About the Author

PETER NASH is a qualified accountant who has spent almost two decades controlling a wide range of sales and trading desks in Investment and Commercial banks. He is currently a Director of FINSED (www.finsed.com), a financial services training and consulting firm specialising in product control.

From the Back Cover

Product control is already a crucial control function in banks, hedge funds and corporate treasuries, yet there hasn’t been an authoritative reference to turn to for control standards – until Effective Product Control.

This comprehensive guide covers everything you need to know about product control, including a technical skills primer and key insights into the core controls used to mitigate major risks emanating from trading desks. Throughout this book 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.

From the Inside Flap

Product control is already a crucial control function in banks, hedge funds and corporate treasuries, yet there hasn't been an authoritative reference to turn to for control standards – until Effective Product Control.

This comprehensive guide covers everything you need to know about product control, including a technical skills primer and key insights into the core controls used to mitigate major risks emanating from trading desks. Throughout this book 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.

Edition details

• Publisher: Wiley
• Publication date: 2017
• Language: English
• ISBN 10: 1118939816
• ISBN 13: 9781118939819
• Binding: Hardcover
• Edition number: 1
• Number of pages: 384