Product Control

- Product Control function Primarily responsible for understanding, substantiating and controlling the daily trading balance sheet and income statement for the Bank. Product Control is vital to our independent reporting and control infrastructure and plays a fundamental role in the controlled growth of the Bank.

Overall purpose of role

- Run one of the Chennai Product Control function and manage the process performance in line with the agreed global Finance and Product Control Controls framework to ensure the integrity of the balance sheet and P&L of the Global Financing businesses supported by the Chennai team.

- Drive a culture of continuous improvement and build and maintain relationships with key local and global internal and external stakeholders.

Key Accountabilities

- Develop, articulate and implement the global Finance and Product Control strategy

- Act as an essential part of the appropriate local and global Product Control management committees that shape and drive decision-making pertaining to medium and long-term improvements, understand the big-picture and work towards resolution of firm-wide issues across business and geographical boundaries.

- Communicate and implement Banks- global and local Finance and Product Control strategy

- Develop long term goals within own functional area to align with the Finance and Product Control objectives and strategy.

- Form an integral part of local Finance and Product Control leadership which helps define and influence long-term strategy

- Accountable and lead for the project management, migration and receiving of roles and processes inbound to Chennai from global locations

- Ensure excellence in process transition by establishing and monitoring controls, culture, standards and metrics

- Monitor and drive plans to achieve successful completion of critical daily and monthly processes per agreed deadlines and to agreed quality and standards

- Provide leadership to local and global Product Control teams, including oversight for issue resolution

- Create an environment that encourages employee retention, promotes high levels of employee engagement and ensures continuous improvements in employee satisfaction

- Embed a culture of regular reviews and performance management aligned to global Finance Product Control standards

- Serve as a single point of senior management contact for Banks senior management and local and global stakeholders as appropriate

- Act as a champion for change within Banks

- Set and communicate common business goals and objectives

- Leverage and integrate the capabilities of resources across all levels of the firm to accomplish complex objectives

- Deliver clear and consistent communication on the Vision and Strategy for the development of the Finance and Product Control practice

- Drive through the business strategy and initiatives

- Recruit and retain top talent and ensure that the right HR framework is in place to attract staff at all levels

- Constantly review and develop organisational structures that best support Finance and Product Control locally and globally

- Establish and maintain an effective working relationship with key stakeholders locally and globally; within Finance and Product Control, local and global infrastructure, and the global businesses supported

- Work with appropriate local and global functional owners to ensure cohesion between individual, departmental and firm-wide goals

- Establish and contribute to appropriate Governance and Relationship forums locally and globally

- Manage cross functional relationships

- Participate in the local and global Finance and greater Banks community as required

Person Specification

Essential

- Qualified accountant

- At least 10 years relevant Investment Banking Finance experience, a large part of which in Product Control

Preferred

- CA, MBA, CPA, CMA, CFA

Essential

- Product Control and Accounting experience for Investment Banking products

- Appreciation of Global Capital markets

- Ability to work with the trading desk as a - business partner- while maintaining complete independence of the control function

- Familiarity with a range of financial products within Investment Banking in terms of market wide conventions, typical trading strategies, and terminologies.

Shalini Rana

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