Currently looking to move into a market risk type role in a trading house, but have an interview lined up for a product control type role instead. If the role involves having to deal with risk metrics and reporting, does it sort of mean that it is a hybrid role and not a pure product control role?
Would like to know what the key differences between product control and risk are, as the differentiation isn't that clear - i've seen openings for "Risk AND product control supervisors/managers", and usually product control roles are more common than risk in such commodities such as Ags, whereas risk roles are more common in O&G.
Hi DtimesDmeasures, no, I never sleep and so I can respond to any lonely threads (like this one) at all hours of the night. Impressive, I know ;-)
Hope that helps.
bump
Hi, usually within commodities trading shops and oil majors product control and risk are aligned in the sense that they are kept together, whilst some IBs still have them separate.
Product control has more to do with PnL reporting and PnL attributions/explain so if combined with risk do expect to have to look at both and work closely with the finance/bo teams for reconciliation of PnLs for the various books as well as - esp for O&G - having to understand reserves/provisions taken and set/understand various limits or stop loss
Is not a bad role, esp if with market risk and not finance, and it often leads to FO positions
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