Product Control/Middle Office Operations - Treasury/Investment Banking Team

We are the manpower consultancy specialized in recruiting good quality people across all sectors.

Presently we are working on one of our client which is the topmost leading organisation in Financial Sector.

We are looking forward for a suitable candidate for the below mentioned position

Position :- Product Control / Middle Office Operations

Treasury & Investment Banking Team.

Eligibility :- min 2 - 8 yrs relevant work exp.

Working experience:

Middle Office Operations & / Product Control experience in a top tier investment bank

Technical knowledge / skills:

Domain expert in P&L reporting and backend processes of Equity, Currencies, Fixed Income, OTC swaps & Money Market products,

Thorough understanding of cash flow, understanding of process risk and mitigation.

Ability to conceive, articulate and implement end to end new processes in Middle Office.

JD:-

Overall Job Purpose

The primary function of Product Control is to work closely with all business stakeholders in achieving the objectives of the firm, in compliance with all relevant regulations and reporting requirements.

The Product Control Line teams play a key role in ensuring an independent validation, substantiation and reporting of financial information for a particular FO business unit.

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, Accounting & Financial Control, Central Treasury Team (Resources), Change Management, Technology and other infrastructure areas.

Key Accountabilities

Responsible for the line product control of an asset class to fulfill below:

- 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 Support groups relating to trading revenue and Balance Sheet.

Weekly / Monthly Responsibilities

- Review key weekly & monthly scorecard MIS to senior management.

- Engage in detailed discussion with traders, and Business Risk Group. Liaise with valuation expert on modelling appropriateness and other technical/booking issues.

- Perform detailed review of month end adjustments, and Balance Sheet substantiation.

- 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 foster a strong control culture.

- Ensure clean audit results from internal and external reviews. Be the owner of key stroke documentations for key PC processes, risk assessment and 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.

Service Delivery

- Ensure adherence to daily schedule and service level agreements (SLAs).

- Establish innovative systems and procedures for handling data & reports and continuously improvise on them.

- Identify process improvement opportunities.

- Manage and monitor quality for the business area.

- Respond to and resolve issues arising out of interactions with business and service team

- Ensure open communication and address issues/ concerns raised.

Relationship Management

Establish and maintain effective working relationship with key stakeholders across businesses served.

Other

- Ensure escalation of issues to management on timely basis.

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

Job Location :- Mumbai.

Position to be closed on Immediate basis.

Shirin
8108810652