SA/AM/Manager/AVP/VP - Product Control - Investment Bank

Position: Sr. Analyst / Assistant Manager / Manager/ AVP / VP

Function: Product Control (Credit / Rates / Global Markets / Equity Derivatives)

Location: Mumbai

Company: One of the leading Investment Banks in Mumbai

About the Company: The company is a leading financial services group with a vast global network and business interests in Global Markets, Investment Banking, Retail & Asset Management. Succesful candidates for this role will be based out of the Mumbai branch which plays a key role in supporting the company's global business. The Product Control Team reports T+1 Trading P&L for all regions across various asset classes.

KEY RESPONSIBILITIES:

1. To ensure that the daily P & L is accurately reported to the FO & reconciled between P & L tools & management reporting tools.

2. To ensure that the relevant P&L and Balance sheet positions are correctly reported at month ends and that the applicable reconciliations have been completed and all issues identified / resolved.

3. Providing daily commentary on P&L swings and variance investigation to Front office traders and senior finance managers.

4. To ensure that the controls are adhered to.

5. To coordinate the completion and delivery of the tasks allocated to the team.

6. To provide advice to the business of the P&L impact of trades and the interaction of the Front and Back office systems, especially regarding trades and proposed new workflows.

7. To ensure that applicable accounting standards are adhered to regarding P&L and Balance Sheet reporting.

8. Periodic review of various internal policies and controls and implement any change required.

9. Independently handle various audit requirement of regulatory audit, internal audit, statutory audit & other compliance reviews along with working towards the closure of audit findings.

10. Liasing with other internal and external areas of finance to ensure timely resolution of queries and timely completion of Project assigned.

11. Independently handle PC related projects by providing User requirements, performing UAT & post implementation reviews.

12. Excellent team worker, able to work in virtual global teams and in a matrix organization.

13. Strong understanding of the work flow of trading desk supported and products traded.

CANDIDATE REQUIREMENTS :

1. Must have relevant Product Control experience and currently working in a peer group bank.

2. Strong understanding of the work flow of trading desk supported and products traded.

3. Broad understanding of the product types traded by the desk and any valuation issues thereof.

4. Ability to understand the booking structure for complex trades and raise relevant issues to Product Control management.

5. Good Logical reasoning skills, ability to apply existing knowledge to take logical approach while solving new un-seen issues.

6. Confident in double entry accounting associated with products under their control.

7. Good understanding of the relationship between Valuations and P&L teams within the bank and the various areas of interaction required.

8. MS office Intermediate level, Understanding of VBA, Macros

9. Relevant Product Control experience is a must.