VP - Product Control - Investment Bank

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 VP Product Control to join their team in Chennai, which is in line with their initiative at creating global roles out of the Indian market

Job Description: Reporting to the SVP-Product Control, your key responsibilities include:

- Analyzing weekly P&L with detailed presentation to management directed towards position movements

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

- Market risk positions' and movements' commentaries to be discussed with internal stakeholders

- Month end closing of accounts and balance sheet sign off

- Working with junior staff to get them understand 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 9-12 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 derivatives is required.

- Technical awareness of Visual basic, MS excel, Visual basic, SQL, and other Microsoft office software is highly preferred.

- Additionally, prior experience in setting up and leading large teams is a must.

What's on Offer:

- An opportunity to hone your functional expertise within the Product Control space and apply this in a diverse work-portfolio having high top-management visibility

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