AVP - Product Control/Financial Control - Treasury - Investment Banking

Main Duties and Responsibilities

Review daily P&L, P&L attribution, P&L commentary, flash to formal differences and manual adjustments

Develop a sound understanding of risk positions through detailed discussion with traders and risk managers on risk positions so that an appropriate P&L model is deployed with focus on key risk items and market moves

Perform insightful financial analysis to draw sound conclusions to present to senior stakeholders in onshore PC locations and Financial Control

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

Foster a culture of performance improvement by serving as a lead for recommendations and be accountable for the delivery of qualitative and efficiency benefits for end to end daily activity

Weekly / Monthly Responsibilities

Responsible for the preparation & presentation of the of the month end desk close out meeting pack and following up on action points

Review key weekly & monthly MIS with senior management.

Gain in-depth understanding of provisioning and price testing controls and processes, and perform detailed review of the working files.

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

Controls

Ensure the maintenance of a strong internal control environment. Monitor control reports to ensure accuracy of data for P&L, validation and downstream processes.

Raise the team's level of control awareness. Lead by example and engender a strong control culture.

Ensure clean audit results from internal and external reviews. Ensure the completeness and accuracy of key stroke documentations for key PC processes, risk assessment and SOX documentation.

Projects and Continuous Improvements

Identify and drive process re-engineering and constantly challenge status quo for control improvement and process efficiency.

Motivate and empower the team to deliver continuous improvements.

Other

Ensure escalation of issues to management on timely basis.

Proactive involvement in new business initiatives.

Build close working relationship with all Treasury Finance teams, Front-Office, Middle-Office, Operations and Risk departments and promote PC profile. Be viewed as a trusted business advisor.

Provide leadership and support/advice to more junior or less experienced staff.

Focus on prioritisation and delivery.

Drive team training.

Requirements

Qualified accountant / CIMA

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

5-7 years of product control experience in a top tier investment bank

Articleship in mid to large sized firms

Audit exposure in large financial institutions / banks preferred

Good knowledge of financial product and markets of the relevant asset class and ability to learn

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 UK / US as part of a global team (written and verbal)

Excellent time management skills and ability to prioritise

Strong control awareness

Confident and assertive manner

Ability to work independently with a spectrum of people from junior finance staff to front office business heads.

Proactive and change focused with problem-solving ability.

Mature and able to negotiate through difficult situations

Ability to drive the team's agenda in large forums spread across various locations.

Good influencing and negotiation skills and excellent communication and interpersonal skills.

Displays enthusiasm, initiative and diligence.

Opportunity to be developed to be future leaders, where there will be expanded remit for future growth.

Works well in a team with high standards for team work