Product Control Equity Desk Interview | Product Control Interview in Investment Bank

Описание: Product Control – Equity Desk Interview Preparation by candimentor

If you are preparing for Product Control, Valuation Control, or Equity Derivatives roles in an investment bank, this video is built exactly for you. candimentor explains how Product Control actually works on an Equity and Equity Derivatives desk — exactly the way interviewers expect you to think and explain.

This is not generic finance theory. This session reflects real investment banking interviews and focuses on how daily P&L is produced, validated, challenged, and explained for equity and structured products.

You will learn how to clearly explain:
Daily P&L process on an equity derivatives desk
Role of Product Control vs financial accounting
Greeks and their impact on equity P&L
Fair Value Adjustments (FVA) and reserves
Volatility surface validation
Correlation and dividend risk
Structured notes and embedded options
Risk-based P&L explain and unexplained P&L
How to challenge trader marks with confidence

TIMESTAMPS

0:00 Introduction
1:07 Role of a Product Controller on an Equity Derivatives desk
2:38 Daily P&L process for an equity derivatives trading desk
4:04 How to investigate when a trader disputes P&L
5:09 Independent verification of front-office marks
6:10 Greeks and their impact on equity derivatives P&L
7:15 Diagnosing unexplained Delta and Gamma P&L swings
8:11 Fair Value Adjustments (FVA) on an equity book
9:06 Reserves for model risk, liquidity, and parameter uncertainty
10:01 Funding and capital valuation adjustments (FVA, KVA)
10:54 Breaking down P&L for structured notes with embedded options
11:42 Front-to-back booking controls for exotic equity products
12:34 Impact of incorrect booking and corrective actions
13:24 Validating volatility surfaces for equity options
14:12 Correlation risk in multi-asset equity derivatives
15:01 Impact of dividends and corporate actions on equity derivatives
15:57 Late trade amendments after P&L close
16:33 Risk-based P&L explanation framework
17:20 Analyzing unexplained P&L (UEP) and escalation
18:00 Using scenario analysis to validate P&L attribution
18:39 Challenging incorrect volatility, dividend, and correlation inputs
19:38 Clean P&L vs Dirty P&L vs Economic P&L
20:52 Analyzing new deal impact for structured equity trades
21:53 Day-1 P&L deferral after model upgrades
22:49 Hedge slippage and its impact on equity options P&L
23:41 Ensuring P&L consistency across systems
24:36 Best practices for validating trader inputs
25:27 Valuation checks for illiquid or bespoke equity structures
26:11 Explaining large P&L losses from hedge failures
27:10 Greeks-based P&L attribution validation
27:59 IPV adjustments for equity volatility, correlation, and forwards
28:53 Dividend forecast changes and structured note P&L shocks
29:46 Stress testing and VAR impact on Product Control
30:34 Validating equity borrow curves
31:14 Linear products vs vanilla options vs exotics
32:09 Controls for new exotic payoff structures
32:55 Evaluating pricing models for barriers and autocallables
33:39 Settlement failures and stock borrow P&L noise
34:19 Designing P&L explain reports for senior management
35:04 Investigating suspicious residual positions
35:43 Interview example: challenging trader valuation

This video is ideal for candidates targeting Product Control, Valuation Control, and Equity Derivatives roles across investment banks in the US, UK, Europe, India, Singapore, and the Middle East.
Watch till the end and revise — this depth is what separates strong candidates from average ones.

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