Assistant Manager/Manager - Product Control - Structured Rates

Divisional Overview:

The Corporate finance team performs global and seamless Finance operations including trading and product control, Group financial reporting and disclosure, management information and reporting for decision support, planning and development of financial strategy including funding policies and financial analysis, funding and cash management, tax planning and reporting, investor relations management, and much more.

Business Unit Overview:

Product Control Team reports T+1 Trading P&L for all the regions across various asset classes. The primary responsibility for a product controller is to produce P&L for the trading desk, substantiate the P&L numbers, explain the P&L to both the traders and onshore regional controllers and ensure that they maintain a - control environment.

Role & Responsibilities:

- To ensure that the daily P & L is accurately reported to the FO & reconciled between P & L tools & management reporting tools.

- To ensure that the relevant P&L and Balance sheet positions are correctly reported at month ends and that the applicable reconciliations have been completed and all issues identified/resolved.

- Providing daily commentary on P&L swings and variance investigation to Front office traders and senior finance managers

- To ensure that the controls are adhered to.

- To coordinate the completion and delivery of the tasks allocated to the team.

- To provide advice to the business on the P&L impact of trades and the interaction of the Front and Back Office systems, especially regarding trades and proposed new workflows.

- To ensure that applicable accounting standards are adhered to regarding P&L and Balance Sheet reporting.

Key Skills: Mandatory Desired Domain

Broad understanding of the product types traded by the desk and any valuation issues thereof.

Good understanding of the relationship between Valuations and P&L teams within the bank and the various areas of interaction required.

Ability to understand the booking structure for complex trades and raise relevant issues to Product Control management.

Confident in double entry accounting associated with products under their control

Good Logical reasoning skills, ability to apply existing knowledge to take logical approach while solving new un-seen issues.

Good understand of the valuation of all products under their control

Atleast 2 years of experience in Product Control

Good understanding of securities borrowing / lending business in difference markets. Different type of corporate actions

Working knowledge of accounting aspects of equity financing transactions i.e. impact on P&L / Balance sheet.

Technical:

MS office - Intermediate level

Understanding of VBA, Macros

Strong presentation skills, ability to communicate clearly and effectively in both oral and written form