Assistant Vice President/Vice President - Product Control - BFSI

VP/AVP - Product Control - Chartered Accountant - BFSI

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.

- Regular interaction with FO business, Financial Control, Technical Accounting Group, PC Change Management, Technology and other infrastructure areas.

Daily Responsibilities :

- 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.

Weekly / Monthly Responsibilities :

- 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

Qualifications /education :

- Qualified accountant / CIMA

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

Working experience :

- 7-10 years of product control experience in a top tier investment bank with minimal of 2-3 years at the VP level.

- Audit exposure in large financial institutions / banks preferred

Technical knowledge / skills :

- In-depth knowledge of Financial product and markets of the relevant asset class

- Good understanding of end-to-end processes of an IB and associated controls

- Excellent communication and presentation skills in both formal and informal settings & ability to interact with the region and London as part of a global team (written and verbal)

- Excellent time management skills and able to prioritise