Commonwealth Bank

Manager, Product Control

London - 60 Ludgate Hill
Full-time
Posted Nov 5, 2026

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Skills

Accounting
Microsoft Excel
SQL

Job description

•Shape the independent financial control and P&L integrity of a global Financial Markets business.

•Bring your product control expertise to a globally connected team where your ideas drive real change.

•Deliver the insight that underpins confident, well-informed trading and risk decisions.

Do Work That Matters:

Institutional Banking and Markets manages the Group's relationships with major corporate and government clients and institutional investors, providing a full range of capital raising, transactional and risk management products and services. IB&M Finance supports these businesses with financial control, financial analysis, product control and regulatory accounting. Globally, Product Control is responsible for the independent oversight and financial control of the Financial Markets business across the full product range, including daily P&L production and analysis, month-end accounting and General Ledger reconciliations.

See yourself in our team:

As a Product Control Manager, you'll provide independent oversight and financial control across our London, Amsterdam and New York Financial Markets businesses, reporting to the Executive Manager, Product Control. You'll own daily P&L production and analysis, month-end accounting and balance sheet reconciliations, while partnering closely with Global Markets, Capital Structuring, Risk Management, Operations and Group Treasury. It's a role for someone who brings deep product control expertise and a genuine passion for using AI and process improvement to sharpen how the team works.

•Prepare and validate daily P&L, including detailed analysis, attribution and explanation of key movements.

•Perform month-end accounting, balance sheet validation and General Ledger reconciliations, ensuring completeness, accuracy and integrity.

•Produce daily risk reporting covering new transactions, referrals and significant P&L movements.

•Investigate and resolve front-to-back reconciliation breaks, escalating material issues where appropriate.

•Prepare clear daily and monthly P&L commentary and present results to desk and branch heads.

•Support Capital Structuring activities for London and Amsterdam, including month-end close, analysis of performance drivers and business partnering with relevant stakeholders

•Compile, maintain and enhance Standard Operating Procedures across Product Control processes and controls.

•Identify and implement productivity and process-improvement initiatives, including applying AI tools to enhance analysis and decision-making.

•Support system implementation and change projects, including User Acceptance Testing.

We're interested in hearing from people who:

We're looking for an accounting-qualified professional with 4-7 years experience in product control who thrives on accuracy, insight and continuous improvement. You'll bring strong Financial Markets product knowledge and a forward-thinking approach to how technology can elevate the function.

•Are accounting qualified (CIMA, ACCA, ACA or equivalent).

•Bring extensive product control experience within a Financial Markets environment.

•Have strong knowledge across FX, Fixed & Rates Income products, with Repo experience highly regarded.

•Understand derivative valuations, pricing techniques and P&L decomposition reporting.

•Apply AI tools to enhance productivity and insight.

•Have a demonstrated track record in process improvement and change management.

•Communicate and escalate results and issues clearly and succinctly.

•Bring advanced Excel skills, with SQL and database familiarity an advantage.

If this opportunity excites you, we'd love to hear from you. Apply today.

Working with us:

At CommBank, we're committed to creating an accessible, inclusive and respectful workplace. If you require support or adjustments, please let us know. We welcome applications from people of all backgrounds.

If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.

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Advertising End Date: 17/11/2026