Consultant at Black Turtle
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Assistant Vice President - Product Control - Banking (5-14 yrs)
Job Title: Assistant VP
Location: Chennai
- Produce daily desk PL including commentaries, investigate Flash/Formal differences
- Ensure the maintenance of a strong internal control environment. Review key controls: FOBOs, adjustment substantiation and New, Amends & Cancels trades review
What will you be doing? :
- Perform daily P&L, P&L attribution, P&L commentary, Investigate Flash vs. Formal differences
- Develop a sound understanding of daily processes the what, the why and the how
- Review P&L attributions and prepare commentaries and other MI
- Maintain trader mandate, monitor Volcker limits.
- Submit Clean & Hypo P&L for back-testing
- Attend to ad hoc queries from the traders and other infrastructure partners relating to trading revenue and Balance Sheet.
Weekly / Monthly Responsibilities :
- Balance Sheet control and commentary, Month End adjustments and Balance Sheet Substantiation
- Perform key weekly & monthly reporting to senior management.
- Attend to queries from internal and external audit and reviews and maintain key stroke documentations for key PC processes, risk assessment and SOX documentation.
Controls :
- Ensure that a strong internal control environment is maintained at all times. Review key controls: FOBOs, adjustment substantiation and New, Amends & Cancels trades review
- Identify and drive process re-engineering and constantly challenge current processes for improvement and efficiency
- Raise any control weaknesses to the team. Brainstorm with the team to come up with an action plan.
Personal Traits :
- Good financial product knowledge
- Appreciation and understanding of financial markets
- Experienced with MS office toolkit (Word, PPT, Excel, Access Database etc)
- Be Self Motivated and Proactive to take initiative and improve the end product.
- Work well within the team and portray high standards of team work.
- Ask questions and challenge status quo. Do not assume that every current practice is the best practice. Question and satisfy yourself with the reasons for doing certain things in a certain way.
- Excellent communication and inter-personal skills
What we're looking for:
- Experienced with MS office toolkit (Word, PPT, Excel, Access Database etc)
- Excellent communication and presentation skills in both formal and informal settings & ability to interact with the region and UK / US as part of a global team (written and verbal) Strong control awareness - in particular, the ability to identify and escalate potential control breakdowns and to streamline processes in an effective and efficient manner.
- Has the initiative and ability to break down problems into components parts and resolving them
- Attention to detail and analytical
- Confident and assertive manner
Skills that will help you in the role:
- CFA / Masters in Finance / Financial Engineering would be an advantage
- Articleship / Industrial trainee in mid to large sized firms
- Audit exposure in large financial institutions / banks preferred
Where will you be working - Chennai
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