Senior Analyst/AVP - Product Controller - Investment Bank

Global Credit Risk and P&L is a Middle Office Finance function for Product and Financial Control within the GBS organization. The primary responsibility for a product controller is to produce Risk and P&L for the trading desk, substantiate these numbers, explain to both the traders and onshore Finance Directors and ensure that they maintain a - control- environment.

Primary Responsibilities

Perform, Oversee, and review daily Risk, T+1 PnL and MIS production for Credit Trading desks, including

- PnL compilation.

- PnL analysis and commentary

- Trade booking review and investigation

- Liaising with FO and MO on PnL booking matters

- Review daily reconciliations for material and aged breaks

- Review the Balance Sheet for the desks and understand financial exposures.

- Review all PnL adjustments and own their resolution.

- Ensure that risk is correctly reported and explain any deviations.

- Calculate Transfer Pricing, where applicable

- Assisting in preparation and dissemination of monthly balance sheet pack

- Detailed review of all P&L adjustments with controllers (aging and categorisation), including ownership for resolution.

- Current state analysis and re-engineering of PnL processes onto strategic tools

- Be able to drive and co-ordinate strategic initiatives from PSC standpoint, including UAT.

- Be an instigator of processes changes with a view to creating efficiencies.

- Standardisation of PnL reporting processes. Ensuring that proper accounting standards have been used

Primary Working Relationships

- Trader Assistants

- Transaction Management Group

- Onshore GBS controllers

- Market Risk Management & Operations

- Finance - Finance Directors and Finance Managers

- Valuations (CMV)

- Global Valuations Group

Qualification & Experience required

Qualification

- MBA or Chartered Accountant (C.A.), Bachelor's degree in a Finance related subjects with relevant experience/ Master in Financial Management (full time or part time) with relevant experience. MBA / CA preferred.

- 8yr - 12yr of Experience working in the financial sector and/or finance service centres with Strong Accounting Background.

Experience

- The individual should be fully conversant with the fundamentals of financial control in a banking environment

- The individual with preferably have experience working in the Product Control/Financial Control/ Trade Services functions of an established financial institution, with a detailed understanding of equity products and there accounting treatment.

- MS Office skills: - MS-Power Point, MS-Access, MS-Excel & through knowledge of lookups & pivot tables required, Ability to perform Excel spreadsheet analysis and ability to troubleshoot errors in Access.

- The individual must have a good overview of Global Credit & Global Finance. Must have an appreciation of the revenue drivers and various investment strategies

- Exposure to multiple front office systems.

- Basic knowledge of Greeks is a must.

- Knowledge of US-GAAP/IAS is preferred.

Skills

Communication & strong interpersonal skills

- The individual should be experienced in dealing with diverse range of stakeholders up to and including senior management

- Ability to communicate effectively (oral & written) & strong interpersonal skills

- Experience of dealing with Front-office traders, in particular demanding traders or managing difficult situations such as trading errors.

Strong analytical / problem-solving skills.

Time management skills

- The individual must have a proven track record of the ability to work to deadlines in an accurate manner - this is a fundamental requirement

- Well organized & able to clearly present results of work.

Drive and Motivation

- Passion for change and confidence in own abilities.

- Be comfortable & willing to drive process improvement and demonstrate out of the box thinking.

- Should be diligent, thorough, shows initiative and is proactive