Manager - Product Control - Banking Captive

An opportunity for Manager position with Banking Captive

Job Description :

- Global Finance Treasury BSM seeks to provide a first-class support service with particular focus on the relationship between trading risk positions and P&L components.

- We are looking to recruit an individual to work in the Hedge Accounting (FAS 133) and P&L production area covering the Treasury/Fixed Income/FX trading desks.

- The candidate's main responsibility will be to perform - ASC 815 (FAS 133) Hedge accounting on derivatives hedging bonds, manage hedge operations/reporting, produce and deliver the daily P&L to front office, providing a high standard of analysis and explanation around any issues faced and daily revenue drivers.

- The candidate will therefore have considerable interaction with the respective Front Office, Middle Office, Finance and Trade Capture teams so good communication and time management skills are an essential requirement for this job.

- The candidate would be required to manage all the aspects of Finance functions for the business for a Sub-LoB/LoB (Line of Business), perform - ASC 815 (FAS 133) Hedge accounting on derivatives hedging bonds, manage hedge operations/reporting, analyze PnL & B/S moves, explain market driven events and review/approve journal entries.

- Primary products covered will include: Money Market, Bonds and FX etc.

Responsibilities :

- Essential Skill: Excellent working knowledge of ASC 815 (FAS 133) Hedge accounting & Core knowledge is FX and Fixed income bond accounting

- Essential Skill: Understanding of IFRS 9 principles and Product Account including AFS, MTM etc.

- Risk based attribution experience.

- Supervision of production and reporting of daily P&L to Front Office & Senior Management.

- Working closely with the trading desks on position, P&L or other issues on an ad-hoc basis.

- Assist with execution of month-end controls ensuring management vs financial P&L variances are within thresholds

- Analyze traders' risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves.

- Drive strategic initiatives for the business finance functions.

- Influence the regional & global strategy of CFO group.

- Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries.

- Execute and integrate new capabilities, as driven by local, regional and global objectives

- Development & continuous improvement of existing processes & workflow.

- Testing / UAT for systems work ranging from minor system releases to major system implementations.

- Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk.

- Attract, retain and grow talent.

- Build a culture and process to identify, mitigate and control operational risk.

Requirements :

Education :

- Qualified Chartered Accountant/Management Accountant/CPA /CFA / MBA - Finance or equivalent from Tier I/II institute/ Graduate/ Post Graduate Certifications If Any

- Certifications If Any

- Certifications including FRM, CQF etc if any would be an added advantage

Experience Range :

- 6-9 years of of relevant experience Product Control in Treasury/Global Markets environment of which 3- 4 in Hedge Accounting - ASC 815 (FAS 133),.

Foundational skills :

- Candidate should have excellent understanding of Hedge accounting & Core knowledge is FX and Fixed income bond accounting

- Understanding of IFRS9 Product Account including AFS, MTM etc.

- Understanding of Fixed Income product set with a good understanding of the products used (see above) and their pricing

- Understanding of Trade Life Cycle, Cash Flows, trade economics

- Understanding of daily PnL reporting, MTM/Attribute analysis, PnL commentary

- Demonstrates executive presence in interactions with various stakeholders.

- Ability to manage develop strategic plans for the business

- Experience in driving locational optimization, innovation and automation

- Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint - ability to troubleshoot spreadsheet issues is also critical. - Knowledge of Visual Basic, Access databases and macros will be an added advantage.

- Ability to manage alliances, client relationships, cross functional initiatives and process integration within the geography covered

- Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels

- Must be proactive and be a highly-motivated self-starter.

- Comfortable working in a collaborative team environment

Desired skills :

- It would be advantageous if the individual has prior experience in on-shoring Finance, Middle Office or Operational workflow and implementing procedures and controls

- Ability to use SQL, VBA, Python etc. would enhance the candidate's attractiveness significantly

Work Timings : 10.30 AM - 10.30 PM (Flexible as per Business Requirements)

Job Location : Gurugram/ Mumbai