Product Control Role - BFS

Purpose of the role :

The main function will be to perform independent controls and analysis of the Profit & Loss and Balance Sheet

Responsibilities :

1. Daily analysis and production of Profit & Loss (P&L) and Balance Sheet, ensuring integrity of data reported in a controlled environment.

2. Management and supervision of the Product Control team in Bangalore, including recruitment, talent development and staff retention.

3. Business support with respect to advising on structured transactions, assisting new product launches, providing quality MIS, and accommodating any ad hoc requests.

4. Providing MIS around P&L analytics, risk based P&L explanation, and performance commentary. Detailed planning and budgetary support will be required.

5. Development of consistent booking models across the Bank's transaction processing systems.

6. Supporting local Finance teams by providing accounting advice, assisting to resolve general ledger reconciliation breaks and product training.

7. Contact point for auditors, both internal and external, and local regulators as required.

8. Responsible for compliance with the Group Accounting Policy.

9. Responsible for continued development and testing of a Business Continuity Plan in so far as it relates to PC

10. End-to-End review and timely documentation of the Bank's PC processes, maintenance of Departmental Operating Instructions (DOI) and to ensure the Finance support model for Commodities is optimized within the Bangalore team.

11. To undertake Key Control Self-Assessments (KCSA) on key controls to assess the proper functioning and adequacy of existing controls.

12. Assist in coordinating, facilitating and promoting understanding of operational risk and in implementation and management of Operational Risk Framework (ORF) within the Unit.

13. ORF & KCSA reporting includes the following:

- To report Unit's OR issues and losses to UORM

- To assist UORM in developing and updating of procedures, controls and monitoring plans for Operational Risk Management

- Act as OR coordinator for the section

- To adhere to the agreed KCSA plans and approach

- To identify and report all exceptions on non compliance with standard controls

- To identify and report all weaknesses inherent in the standard controls

- To maintain proper record keeping on all KCSA related activities

- To maintain independence in the conduct of KCSA, i.e. not selecting and reviewing sample of self-performed transactions