Assistant Vice President - Product Control - Investment Banking

Product Control function is responsible for Daily P&L reporting for two main business divisions Commodities & Financial Markets (CFM) operating in all major trading locations. The role will require expertise of financial products, understanding of business strategy, full ownership of P&Ls and core reconciliations, leading change management projects, strong people management skills as well the ability to communicate effectively at a senior level across the bank/FMG.

Work type: Full time

Location: Gurgaon

Key responsibilities will include:

Process

Manage a team covering various product categories and regions. (Asset classes: Equities, Fixed Income, Commodities, Treasury etc.)

Ensure appropriate controls and reviews are maintained for Daily P&L production, Core reconciliations, Month end close and BCS.

Ensure the teams are performing timely lock down of daily and monthly P&L.

Should be able to substantiate daily and monthly adjustments held in P&L and control accounts.

Review monthly balance sheet, with substantiation and potential financial exposure.

Review various reconciliation reports, management packs and adhoc reports.

Review of month end Journals for accrual, provision and true up.

Take responsibility for the quality of work submitted and ensure that the highest standards are maintained.

Ensure adherence to SLA's, KPI's, Internal metrics & FMG wide policies.

Identify/ manage risk and control breakdowns.

Develop & Maintain effective and standard processes. Maintain KOP's/DI's.

Support change project initiatives and conduct User Acceptance Testing for enhancements to current systems or migration to new system.

Stakeholder Management

Regular face off with Traders, Product Control Management, Regional finance team and various internal stakeholders within GFS.

Act as a point of reference for team members and internal clients.

Manage relationship with internal stakeholders, take regular feedback, anticipate and understand issues and escalate appropriately for timely resolution

Manage strong relationship with support teams (IT, Operations and Risk) and bring synergies by interacting and integrating with cross functional teams.

People Management

Maintaining a pleasant workplace environment which is motivating and enables high performance within team.

Monitoring people performance, providing timely feedback, performing annual and mid-year appraisals. ( including people development, pipeline/skills monitoring, and training programs,)

Manage leaves and attrition, create sufficient backup / cross training's.

Minimize dependency on key people by cross training and succession planning.

Manage career and growth expectations of people.

Leverage upon knowledge and skills sitting with other teams at same location or similar team sitting across the globe.

Enable movement of people as and when required to manage resourcing across Product Control.

About you

You are an experienced person in financial services and exposure to Trading desks, Product Control Management, Regional finance team and various internal stakeholders

We want to hear from you if you have:

MBA, CA, CFA with a minimum of 8+ years experience (post qualification) in a financial service industry with at least 2+ years of People Management experience.

Strong leadership skills and ability to manage teams

Control mindset and ability to identify and mitigate and control gaps

Good understanding of financial market products

Ability to develop, implement and maintain effective and standard operational processes.

Excellent people and resource management skills.

Excellent Interpersonal skills. Should be able to communicate at all levels.

Strong planning, negotiation and analytical skills.

Excellent business writing and verbal English communication skills

Ready to travel & work in shifts.