VP/Director - Product Control

VP/Director is Preferred

Main Duties and Responsibilities

The PC Product Line teams play a key role in ensuring an independent validation, substantiation and reporting of financial information for a particular FO business unit.

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.

Risk and control objective:

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Organisation Operational Risk Framework and internal Organisation Policies and Standards.

Requirements

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.

Stakeholder Management and Leadership

- 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.

Strong control awareness

- Confident and assertive manner

- Ability to work independently with a spectrum of people from junior finance staff to front office business heads.

- Proactive and change focused with problem solving ability.

- Mature and able to negotiate through difficult situations

- Ability to drive the team's agenda in large forums spread across various locations.

- Good influencing and negotiation skills and excellent communication and interpersonal skills.

- Displays enthusiasm, initiative and diligence.

Opportunity to be groomed to be future leaders, where there will be expended remit for future growth.

Works well in a team with high standards for team work

Interested VP/Director contact to the below number:

Veera,
+91 - 9629184018/ +91 - 8825513457