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Team Lead - Recruitment at Ramsol Pvt Ltd
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Assistant Vice President/Vice President - Product Control - BFSI (10-20 yrs)
VP/AVP - Product Control - Chartered Accountant - BFSI
The responsibility by Line PC Teams for completeness and accuracy of the books and records comprises of :
- P&L and B/S substantiation and reporting (including P&L explain / attribution, reconciliations, P&L commentaries, adherence to accounting principles, etc.).
- Monitoring trading activity for compliance with various related policies.
- Providing management with technical and operational analysis of the business unit.
- Regular interaction with FO business, Financial Control, Technical Accounting Group, PC Change Management, Technology and other infrastructure areas.
Daily Responsibilities :
- Review daily P&L, including understanding risk positions and market moves for P&L explanation, and review of flash vs formal differences.
- Engage in detailed discussion with traders and risk managers on risk positions and P&L.
- Ensure that the team's KPI and SLA are met.
- Attend to ad hoc queries from the traders and other infrastructure partners relating to trading revenue and Balance Sheet.
Weekly / Monthly Responsibilities :
- Review key weekly & monthly MIS to senior management.
- Gain in-depth understanding of provisioning and price testing controls and processes, and review the month end working.
- Engage in detailed discussion with traders, risk managers and Independent Valuation Control team on the results. -- Liaise with valuation expert on modelling appropriateness and other technical/booking issues.
- Perform detailed review of month end adjustments, and Balance Sheet substantiation
Qualifications /education :
- Qualified accountant / CIMA
- CFA / Masters in Finance / Financial Engineering would be an advantage
Working experience :
- 7-10 years of product control experience in a top tier investment bank with minimal of 2-3 years at the VP level.
- Audit exposure in large financial institutions / banks preferred
Technical knowledge / skills :
- In-depth knowledge of Financial product and markets of the relevant asset class
- Good understanding of end-to-end processes of an IB and associated controls
- Excellent communication and presentation skills in both formal and informal settings & ability to interact with the region and London as part of a global team (written and verbal)
- Excellent time management skills and able to prioritise
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