Investment Banking Product Controller
About The Position
We are seeking an experienced Investment Banking Product Controller to join the Finance function supporting the Investment Banking business. The successful candidate will be responsible for ensuring accurate revenue recognition, deal accounting, P&L reporting, balance sheet substantiation, reconciliations, and financial control across a broad range of Investment Banking products and fee-based businesses. This role demands strong technical accounting knowledge, exceptional control discipline, a strong understanding of Investment Banking products, including advisory, M&A, debt capital markets, equity capital markets, leveraged finance, private capital, and related fee-based businesses and clear communication skills to convey financial insights to both Finance and non-Finance senior stakeholders.
Requirements
- 5+ years in Product Control, Financial Control, Accounting, or Finance within an investment bank, broker-dealer, or financial services institution.
- Strong knowledge of Investment Banking products, including advisory, M&A, debt capital markets, equity capital markets, leveraged finance, private capital, or related fee-based businesses.
- Comprehensive knowledge of US GAAP.
- Experience engaging with Front Office and senior stakeholders in a high-pressure environment.
- Bachelor’s or Master’s degree in Accounting, Finance, Economics, Mathematics, or related discipline.
- Advanced Excel skills (pivot tables, lookups, data validation)
- Analytical mindset with meticulous attention to detail.
- Ability to manage multiple priorities and meet tight deadlines without compromising on control discipline.
- Clear communication skills – capable of explaining technical financial matters to diverse audiences.
- Proactive ownership mentality and strong problem-solving ability.
Nice To Haves
- Professional accounting qualification (CPA) a plus.
Responsibilities
- Own the end-to-end financial control of Investment Banking transactions across advisory, M&A, DCM, ECM, leveraged finance, private capital, and other fee-based businesses.
- Review deal economics, fee structures, engagement terms, billing arrangements, expense allocations, and settlement mechanics.
- Partner with Investment Banking teams, Accounting Policy, FP&A to ensure appropriate accounting treatment and accurate financial reporting.
- Review engagement letters, fee letters, underwriting agreements, financing documentation, and other deal-related documentation from a Finance and control perspective.
- Monitor deal lifecycle events from mandate through execution, billing, revenue recognition, settlement, and close-out.
- Ensure timely, accurate recording of fees, accrued/deferred revenues, and receivables in compliance with US GAAP and internal policy.
- Produce, validate, and report T+1 P&L and key controls; reconcile P&L to Front Office and explain variances.
- Prepare month-end journals, reconciliations, accruals, reporting packs, and detailed balance sheets.
- Own balance sheet substantiation for Investment Banking accounts – including receivables, payables, deferred income, accruals, suspense accounts, and deal-related balances.
- Identify, escalate, and resolve aged breaks, settlement differences, billing discrepancies, and unreconciled items.
Benefits
- medical, dental & vision coverage
- 401(k)
- life, accident, and disability insurance
- wellness programs
- paid time off packages that include planned time off (e.g., vacation)
- unplanned time off (e.g., sick leave)
- paid holidays
- paid parental leave
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
