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21/04 Soumya Venugopal
Consultant at Ikya Human Capital Solutions Pvt. Ltd

Views:1400 Applications:54 Rec. Actions:Recruiter Actions:3

AVP - Product Control - Investment Bank (5-8 yrs)

Chennai Job Code: 140907

Key Accountabilities & approximate time split (%)

Responsible for the line product control of a sub-set of an asset class, managing a line PC sub-team to fulfil responsibilities below:

Daily Responsibilities:

- Review daily P&L, P&L attribution, P&L commentary, flash to formal differences and manual adjustments

- Develop a sound understanding of risk positions through detailed discussion with traders and risk managers on risk positions so that an appropriate P&L model is deployed with focus on key risk items and market moves

- Perform insightful financial analysis to draw sound conclusions to present to senior stakeholders in onshore PC locations and Financial Control

- 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

- Foster a culture of performance improvement by serving as a lead for recommendations and be accountable for the delivery of qualitative and efficiency benefits from direct reports

Weekly / Monthly Responsibilities

- Review key weekly & monthly MIS to senior management.

- Gain in-depth understanding of provisioning and price testing controls and processes, and perform detailed review of the working files.

- 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

Controls

- Ensure the maintenance of a strong internal control environment. Monitor control reports to ensure accuracy of data for P&L, validation and downstream processes.

- Raise the team’s level of control awareness. Lead by example and engender a strong control culture.

- Ensure clean audit results from internal and external reviews. Ensure the completeness and accuracy of key stroke documentations for key PC processes, risk assessment and SOX documentation.

- Projects and Continuous Improvements

- Identify and drive process re-engineering and constantly challenge status quo for control improvement and process efficiency.

- Motivate and empower the team to deliver continuous improvements.

Management

- Responsible for performance and development of the sub-team.

- Responsible for resource allocation within the sub-team and setting clear objectives for both business deliverables and personal development.

- Provide leadership and support/advice to the team. Focus on prioritisation and delivery.

- Drive team training.

Other

- Ensure escalation of issues to management on timely basis.

- Proactive involvement in new business initiatives.

- Build close working relationship with Front-Office, Middle-Office, Operations and Risk departments and promote PC profile. Be viewed as a trusted business advisor.

Qualifications /education:

- CFA / Masters in Finance / Financial Engineering would be an advantage

Working experience:

- 5-7 years of product control experience in a top tier investment bank

- Audit exposure in large financial institutions / banks preferred

- Technical knowledge / skills:

- 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 UK / US as part of a global team (written and verbal)

- Excellent time management skills and ability to prioritise

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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