What is product control?

Product Control is a key function within financial institutions, particularly investment banks, responsible for ensuring the accuracy and integrity of financial reporting relating to trading activities. The team works closely with traders, risk managers, and finance departments to reconcile and analyze profit and loss (P&L), validate balance sheet items, and ensure compliance with accounting standards. Their work helps identify errors, prevent losses, and support regulatory reporting, making them essential to the financial health and transparency of the organization.