Product Control Role - Bank - CA/CFA/IIM/ISB/MDI/FMS

Product control role with a global bank

Job Description:

(Provide a high level overview of the role and scope of responsibilities)

- Line of business finance provide strategic counsel and analysis to the lines of business you support. As the Business Finance and Control Officer, you will help monitor and offer insight on appropriate market metrics for the business, helping the drive the business to deliver its financial commitments and contribute to the overall strategy in a sustainable and controlled manner.

- You will have the ultimate responsibility on the financial representation of the business you are supporting and take full ownership for the main functions outlined below. In addition, you are expected to develop a solid understanding of the business, drive execution, sustain intensity and optimize and live our bank's values and culture. Our vision is to be flawless at control, an innovator to drive operational excellence, a trusted partner for the business and be the financial conscience of our bank.

The functions of the team includes:

- Daily PL Explain Attribution and Substantiation

- Front to back reconciliation.

- PL Review, Reporting and Commentaries

- New Deal Review/Substantiation

- Price Testing / Reserve Calculations

- Management Reporting (Revenue and Expense Analysis)

- Value Added Business Support

- Ownership of the Books and Records, Balance Sheet Control

- Monthly and Quarterly Financial Disclosure Reporting

Responsibilities :

- The business is constantly evolving and moving into new markets and products. Business Finance and Control plays a key role in enabling business activity in a robust control environment to support responsible growth. You will be actively encouraged to develop close working relationships with the business and other key support teams i.e. Legal Entity Controllers, Accounting Policy, Operations, Audit, Tax, Treasury, Technology and Risk Management.

- Responsible for directing the day-to-day finance activities and business partner for the Equities businesses. Activities include strategic and annual planning and implementation, profitability analysis, forecasting and financial reporting. Manages business partner and other key stakeholders relationships.

- In addition to supervisory / administrative duties, individuals are actively involved in the execution of processes and assisting management in the development and implementation of policies and procedures.

Key responsibilities will include :

P&L and Balance Sheet Control and Analysis :

- Preparation of daily/weekly/monthly P&L commentary and substantiation based on market events

- Review and explain changes to daily/weekly/monthly balance sheet & substantiation based on transactional activity

- Calculation of valuation adjustments & reserves, with responsibility over corresponding substantiation and commentary

- Independent price verification analysis and reporting (daily, weekly, monthly)

- Decomposition of balance sheet for the business, understand key balance sheet drivers (including capital/liquidity/RWA/Assets) and identify any balance sheet optimization opportunities

- Ensure validity of allocated/attributed balances as well as internal funding charge

- Determining and implementing appropriate accounting policies and procedures with Accounting Policy

- Managing key legal entity, regulatory and PL issues with the business

- Month end Close, including Financial disclosures, calculation / recording accounting classification entries

- Contributing to Governance process, operational error reporting and support of other internal control process, including Self-Identified Audit Issue and Operational Risk remediation

Operational Effectiveness :

- Leading role in driving team projects, including automation and process enhancement;

- Ensure all front to back breaks are understood, and escalated in accordance with standards

- Ensuring a minimum of manual, stand alone processes are maintained. Where tactically used, ensuring a strategic solution is being sought.

- Accurate analysis and recording of operational loss events;

Business Partnering :

- New Product Review - Involvement in completion of New Product Review documentation for new businesses / products proposed by your trading desk, and the implementation of systems and process changes / improvements that are required

- Development and production of Financial Reporting for business reviews

- Review Monthly financial and key performance metrics with Business and discuss key business strategy and plan

Requirements :

Education :

Education Qualification: Postgraduate degree or Accounting qualification (e.g. Chartered Accountant -

CA, CFA L-3, FRM, MBA from Tier 1 Institutes etc.)

- Certifications If Any

Experience Range : Experience: 7-10 Years of Industry, Finance or Product Control, Valuation control or market risk experience

Foundational skills :

- Strong communication, organization, presentation and interpersonal skills, be able to establish strong working relationships with a board range of stakeholders, ability to influence team at remote locations

- Strong business sense and control mindset, demonstrable risk identification and management

- Strong analytical and problem solving skills with a demonstrated ability to analyze business processes and workflows and deliver required project to a high standard

- Ability and confidence to tackle new concepts and ideas associate with on going change in the business

- Ability to build SME knowledge within the group - provide appropriate level of business, product & process training to the peers & teams

- Ability to juggle multiple tasks and responsibilities

- A 'Can do' attitude, self-driven and proactive, be innovative and have the ability to generate new and creative ideas

- Attention to detail, strong Excel skills, good working knowledge of accounting concepts

- Good understanding of Global Market business and relevant experience is preferred

- Candidates with emerging technology (Alteryx, Tableau, Workvia) experience is preferred

Desired skills :

- Demonstrated ability to work in a high pressure environment

- Takes initiative and challenges existing processes and procedures in a proactive manner

- Strong team player

- Ability to analyze issues independently and derive solutions

Work Timings :

- Weekly Offs : Saturday & Sunday

- Timing : 8:00 AM to 5:00 PM

Job Location : Mumbai