Vice President - Product Control - CA - Investment Bank

VP- Product Control

Discipline - Banking

Subsector - Product Control / Middle Office

Location - Chennai

About our Client - Our client is a global investment bank with a strong presence in growing markets. Prolonged success in such markets and a strong balance sheet has positioned them for continued expansion. They are looking for a seasoned product control professional as part of their growing setup in Chennai, which is in line with their initiative at creating global roles out of the Indian market.

Job Description :

- Reporting to the Director-Product Control, your key responsibilities include:

- Detailed analysis of daily P&L with commentary to desk on risk positions and market movements.

- Monitoring and analyzing daily movements in positions in each rates and credit books and understanding desk strategy for update to senior management

- Continuous liaising with trading desks for regular breaks resolution and B/S substantiation

- Analyzing weekly P&L with detailed presentation to management on weekly P&L and position movements

- Month end closing of accounts and balance sheet sign off

- Helping junior staff getting better understanding of products, processes and controls that are in place and helping them move faster up the learning curve

- Implementing fair value hierarchy and other requirements of IAS 39 and FAS 133

- Implementing Banking book accounting and available for sale adjustments under IAS 39

The Successful Candidate :

- You are a Qualified CA with 10 + years overall experience and 5+ years experience in Product Control itself.

- Extensive knowledge of both middle office and front office processes in interest rate and fx linked OTC derivatives is required.

- Excellent knowledge of MS excel, Visual basic, SQL, MS Access, MS Project and other Microsoft office software is expected.

- Prior experience in setting up and managing large teams would be highly advantageous.

What's on Offer - An opportunity to apply your experience and grow your expertise within Product Control in a high visibility role with considerable external/internal stakeholder visibility

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