VP - Product Control - Any Asset Class - Bank

Designation : Vice President - Product Control

There is a opening for the role of a VP -product Control with one of the biggest banks in the world ranking highly corporate and investment banking, who can work closely with all business stakeholders in achieving the objectives of the firm, in compliance with all relevant regulations and reporting requirements.

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.

Responsible for the line product control of an asset class, managing the line PC team .

- 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.

- 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

- Provide leadership to the process managers with an oversight for issue resolution.

- Create an environment that promotes continuous improvement and high levels of employee engagement.

- Embed a culture of regular reviews and performance management aligned to GRB standards.

- Leverage and integrate the capabilities of resources across all levels of the organization to accomplish complex objectives.

- Establish and maintain effective working relationship with key stakeholders across businesses served.

Qualified accountant (CA) / CIMA

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