{"product_id":"effective-product-control-9781118939819","title":"Effective Product Control","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eImprove the Effectiveness of your Product Control Function\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eEffective Product Control \u003c\/i\u003eis a detailed how-to guide covering everything you need to know about the function. Considered essential reading for:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eNew controllers entering the profession\u003c\/li\u003e \u003cli\u003eAuditors and regulators reviewing product control\u003c\/li\u003e \u003cli\u003eEstablished controllers wanting a refresher on the latest skills and core controls within the industry.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eEncompassing 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:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eThe key IFRS and U.S. GAAP accounting standards for a trading desk\u003c\/li\u003e \u003cli\u003eHow to approach the pricing of a financial instrument\u003c\/li\u003e \u003cli\u003eMarket risk and how is it quantified\u003c\/li\u003e \u003cli\u003eThe controls necessary for a trading desk\u003c\/li\u003e \u003cli\u003eRogue trading and how it can be detected\u003c\/li\u003e \u003cli\u003eValuation adjustments and why they are n\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgements xv\u003c\/p\u003e \u003cp\u003eAbout the Author xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE Working in Product Control\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 An Introduction to Product Control 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Emergence of Product Control 3\u003c\/p\u003e \u003cp\u003eThe Purpose of Product Control 3\u003c\/p\u003e \u003cp\u003eDifferent Types of Product Control 5\u003c\/p\u003e \u003cp\u003eSkills, Qualifications and Experience 6\u003c\/p\u003e \u003cp\u003eOrganizational Structure 8\u003c\/p\u003e \u003cp\u003eThe Desk 10\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Changing Landscape of Product Control 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOffshoring 15\u003c\/p\u003e \u003cp\u003eXVA 19\u003c\/p\u003e \u003cp\u003eGreater Levels of Capital 19\u003c\/p\u003e \u003cp\u003eGreater Focus on Liquidity 20\u003c\/p\u003e \u003cp\u003eNotes 21\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Key Stakeholders 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFront Office: Sales and Trading Desk 23\u003c\/p\u003e \u003cp\u003eChief Operating Officers (COOs) 25\u003c\/p\u003e \u003cp\u003eOperations 26\u003c\/p\u003e \u003cp\u003eMiddle Office 27\u003c\/p\u003e \u003cp\u003eMarket Risk 28\u003c\/p\u003e \u003cp\u003eFinancial Reporting 29\u003c\/p\u003e \u003cp\u003eManagement Reporting 29\u003c\/p\u003e \u003cp\u003eFinance Change 30\u003c\/p\u003e \u003cp\u003eIT 30\u003c\/p\u003e \u003cp\u003eOperational Risk 32\u003c\/p\u003e \u003cp\u003eRegulatory Reporting 32\u003c\/p\u003e \u003cp\u003eAccounting Policy 34\u003c\/p\u003e \u003cp\u003eTax 34\u003c\/p\u003e \u003cp\u003eAudit 36\u003c\/p\u003e \u003cp\u003eFinance Shared Service 37\u003c\/p\u003e \u003cp\u003eSummary 37\u003c\/p\u003e \u003cp\u003eNotes 37\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO \u003c\/b\u003e\u003cb\u003eTechnical Skills\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Accounting Standards: Recognition and Measurement 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIAS 39 Financial Instruments: Recognition and Measurement 42\u003c\/p\u003e \u003cp\u003eIFRS 9: Financial Instruments 60\u003c\/p\u003e \u003cp\u003eIFRS 13: Fair Value Measurement 66\u003c\/p\u003e \u003cp\u003eNotes 71\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Market Risk 75\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Market Risk and How Is It Generated? 75\u003c\/p\u003e \u003cp\u003eHow Is Market Risk Measured by a Bank? 77\u003c\/p\u003e \u003cp\u003eNote 85\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Pricing Financial Instruments 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow to Approach the Pricing of a Financial Instrument 87\u003c\/p\u003e \u003cp\u003ePricing Examples 89\u003c\/p\u003e \u003cp\u003eNotes 105\u003c\/p\u003e \u003cp\u003eCHAPTER 7 Internal Control 107\u003c\/p\u003e \u003cp\u003eWhat Is Internal Control? 107\u003c\/p\u003e \u003cp\u003eEstablishing an Internal Control Framework 110\u003c\/p\u003e \u003cp\u003eExample of Front to Back Internal Controls 117\u003c\/p\u003e \u003cp\u003eNotes 122\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE \u003c\/b\u003e\u003cb\u003eProfit and Loss Controls\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 System Feeds, End of Day Rates and Profit and Loss Estimates 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSystem Feeds 127\u003c\/p\u003e \u003cp\u003eEnd of Day 129\u003c\/p\u003e \u003cp\u003eEnd of Day Rates 130\u003c\/p\u003e \u003cp\u003eP\u0026amp;L Estimate 135\u003c\/p\u003e \u003cp\u003eNote 136\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Review of New and Amended Trades 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNew Trades 137\u003c\/p\u003e \u003cp\u003eAmended Trades 152\u003c\/p\u003e \u003cp\u003eNotes 164\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Review of Mark-to-Market P\u0026amp;L 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefining Mark-to-Market P\u0026amp;L 165\u003c\/p\u003e \u003cp\u003eAttributing MTM P\u0026amp;L 166\u003c\/p\u003e \u003cp\u003eRisk-Based P\u0026amp;L Estimates 170\u003c\/p\u003e \u003cp\u003eChanges in the End of Day Prices 173\u003c\/p\u003e \u003cp\u003eWhen to Validate the MTM P\u0026amp;L 176\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 Funding, Fees and Charges 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFunding 177\u003c\/p\u003e \u003cp\u003eFees and Charges 185\u003c\/p\u003e \u003cp\u003eNote 187\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 Profit and Loss Adjustments 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Need for P\u0026amp;L Adjustments 189\u003c\/p\u003e \u003cp\u003eControlling P\u0026amp;L Adjustments 190\u003c\/p\u003e \u003cp\u003eNotes 194\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 13 Profit and Loss Commentary 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWho Is the Reader? 198\u003c\/p\u003e \u003cp\u003eWhen Is P\u0026amp;L Commentary Required? 198\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 14 Profit and Loss Reconciliations and Sign-Offs 201\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFlash vs. Actual 201\u003c\/p\u003e \u003cp\u003eDesk P\u0026amp;L Sign-off 203\u003c\/p\u003e \u003cp\u003eP\u0026amp;L Reconciliation 205\u003c\/p\u003e \u003cp\u003ePART FOUR\u003c\/p\u003e \u003cp\u003eValuations\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 15 Independent Price Verification 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eComponents to IPV Process 210\u003c\/p\u003e \u003cp\u003eNote 224\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 16 Valuation Adjustments 225\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Valuation Adjustments Are Required 225\u003c\/p\u003e \u003cp\u003eBid–Offer 225\u003c\/p\u003e \u003cp\u003eDay 1 Reserves 234\u003c\/p\u003e \u003cp\u003eModel Valuation Adjustment 234\u003c\/p\u003e \u003cp\u003eXVA and Collateral Agreements 235\u003c\/p\u003e \u003cp\u003eRecording and Reporting of VAs 239\u003c\/p\u003e \u003cp\u003eNotes 239\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FIVE \u003c\/b\u003e\u003cb\u003eBalance Sheet Controls\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 17 Balance Sheet Substantiation and Analysis 243\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSubstantiating the Balance Sheet 243\u003c\/p\u003e \u003cp\u003eFrequency of the Balance Sheet Substantiation 248\u003c\/p\u003e \u003cp\u003eEvidencing the Balance Sheet Substantiation 249\u003c\/p\u003e \u003cp\u003eUnsupported Balances 249\u003c\/p\u003e \u003cp\u003eLines of Responsibility 255\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 18 Dividending of Profit and Loss and FX Selldown 257\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 19 Controlling Nostros 261\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to Nostros 261\u003c\/p\u003e \u003cp\u003eControlling Nostros – Cash Breaks 262\u003c\/p\u003e \u003cp\u003eRisk-Weighting Cash and AVE breaks 266\u003c\/p\u003e \u003cp\u003eProvisioning for Nostro and AVE Breaks 267\u003c\/p\u003e \u003cp\u003eNotes 268\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART SIX Financial Accounting and Reporting\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 20 Financial Accounting Entries 271\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancial Accounting Entries 271\u003c\/p\u003e \u003cp\u003eChart of Accounts 284\u003c\/p\u003e \u003cp\u003eAccounting Rules Engine 286\u003c\/p\u003e \u003cp\u003eNotes 289\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 21 Financial Reporting and Note Disclosures 291\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eContext of Financial Reporting 291\u003c\/p\u003e \u003cp\u003eProfit and Loss 293\u003c\/p\u003e \u003cp\u003eBalance Sheet 295\u003c\/p\u003e \u003cp\u003eNetting 297\u003c\/p\u003e \u003cp\u003eFair Value Hierarchy 304\u003c\/p\u003e \u003cp\u003eNotes 309\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART SEVEN \u003c\/b\u003e\u003cb\u003eSupplementary Controls\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 22 New Product Proposals 313\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStarting Line 313\u003c\/p\u003e \u003cp\u003eThe Review 314\u003c\/p\u003e \u003cp\u003eThe Sign-Off 319\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 23 Rogue Trading 321\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Forefathers of Rogue Trading 321\u003c\/p\u003e \u003cp\u003eThe Fallout from Rogue Trading – The Bank 323\u003c\/p\u003e \u003cp\u003eThe Fallout from Rogue Trading – The Industry 325\u003c\/p\u003e \u003cp\u003eGoing Rogue 325\u003c\/p\u003e \u003cp\u003eUBS Rogue Trading Incident, 2011 327\u003c\/p\u003e \u003cp\u003eNotes 343\u003c\/p\u003e \u003cp\u003eIndex 347\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866381332823,"sku":"9781118939819","price":59.85,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118939819.jpg?v=1722278383","url":"https:\/\/bookcurl.com\/products\/effective-product-control-9781118939819","provider":"Book Curl","version":"1.0","type":"link"}