AVP/VP - Product Control - Inv Bank

AVP/VP- Product Control

Essentials:

- Required a CA certified 10-12 years of experience in investment banking experience with exposure to product / accounting control.

Principal assignment or reason for existence-

Manage a team of 20-30 staff acting as a Product Control regional hub in charge of:

- Accounting production, reconciliation and accounting certification for different countries accounting process streamlining project user acceptance tests and change management for accounting feeding & reconciliations Coverage includes Capital Market activities (FX, Treasury, fixed Income, equity brokerage) and Financing activities (loans, guarantee)

- Need for manager to be very operational as well. Will report to Head of Product Control

Main responsibilities

- Product coverage: Listed products (equities/rates/FX futures and options, bonds, equities), OTC (forex, money market, interest rate derivatives, options, commodities,…) and Financing deals

- Accounting production supervision

- Manual accounting journal posting in case product chain is not STP (5,000 journal entries per month)

- Accounting certification process (BS, OBS, PnL) to ensure swift & secure monthly accounting closing, including reconciliation BO-GL process, resulting discrepancies analysis, GL or inventory adjustment as per analysis

- Monthly PnL certification through reconciliation btw IFRS accounting results and daily PnL, including breaks analysis and solving

- Presentation of monthly accounting certification process as well as PnL certification process to various teams (PCG, CFOs for the 9 entities, Operations)

- Accounting production streamlining

- Formalize issues noted in the monthly closing process, design action plan with various stakeholder and follow-up on the resolution

- Define preventive actions for recurring breaks, ie IT systems enhancement request, quality control on deal/accounting process

Other control tasks

- FX position reconciliation between FO and BO

- Cash balance reconciliation between FO and BO

- BASEL 2 Risk & GL reconciliation

- Internal Accounting balance control

Projects

- Automation on reconciliation tasks, automation to reduce break and manual accounting entries
Define & execute process improvement plan on existing production controls & to shorten the processing time

Kindly Contact:- semi@pylonmc.com