Manager/Senior Manager/Assistant Vice President - Product Control - Investment Bank

Manager/ Senior Manager/ Assistant Vice President - Product Control - Investment Bank - Chennai

Job Description

- 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 a 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.

Responsible for the line product control of a subset of an asset class, managing a line PC sub-team to fulfill 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 a 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 modeling appropriateness and other technical/booking issues.

- Perform detailed review of month end adjustments, and Balance Sheet substantiation

Working experience:

- Product Control experience in a top tier investment bank

- Articleship in mid to large sized firms

- Audit exposure in large financial institutions/banks preferred

Technical knowledge/skills:

- Good knowledge of financial product and markets of the relevant asset class and ability to learn

- Good understanding of end-to-end processes of an IB and associated controls

- 5+ years work experience and MBA/ CA degree is preference