Vice President - Credit Product Control

We are hiring for "VP Product Control" Credit Product Control with IFRS accounting experience for our leading BFSI client for their Bangalore location.

Job Role:

- Develop and maintain appropriate policies and procedures which ensure the accounting, management and financial reporting integrity of the trading desks balance sheet and P&L.

- Develop and execute appropriate procedures for Balance Sheet Reconciliation and Substantiation.

Strategy:

- Manage a team covering various product categories and regions. (Asset classes: Equities, Fixed Income, Commodities, Treasury, etc).

- Ensure appropriate controls and reviews are maintained for Daily P&L production, Core reconciliations, Month end close and BSS.

- Ensure the teams are performing timely lockdown of daily and monthly P&L.

- Review monthly/quarterly balance sheet, with substantiation and potential financial exposure.

- Review various reconciliation reports, management packs and adhoc reports.

- Review of month end Journals for accrual, provision and true up.

- Take responsibility for the quality of work submitted and ensure that the highest standards are maintained.

- Ensure adherence to SLA's, KPI's, Internal metrics and FMG wide policies.

- Identify / manage risk and control breakdowns.

- Develop and maintain effective and standard processes. Maintain KOP's / DI's.

- Support change project initiatives and conduct User Acceptance Testing for enhancements to current systems or migration to new system.

Business:

- Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.

- Lead through example and build the appropriate culture and values.

- Set appropriate tone and expectations from team members and work in collaboration with risk and control partners.

Processes:

- Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.

- Provide thought leadership and take accountability from Bangalore on different initiatives spanning - Technology (SABRE, Aspire, Razor, Stride), Regulatory (IBOR, ViR).

People and Talent:

- Maintaining a pleasant workplace environment which is motivating and enables high performance within team.

- Monitoring people performance, providing timely feedback, performing annual and mid-year appraisals. (including people development, pipeline / skills monitoring, and training programs).

- Manage leaves and attrition, create enough backup / cross trainings.

- Minimize dependency on key people by cross training and succession planning.

- Manage career and growth expectations of people.

- Leverage upon knowledge and skills sitting with other teams at same location or similar team sitting across the globe.

- Enable movement of people as and when required to manage resourcing across Product Control.

Key Stakeholders:

- Regular face off with Traders, Product Control Management, Regional finance team and various internal stakeholders within GFS.

- Act as a point of reference for team members and internal clients.

- Manage relationship with internal stakeholders, take regular feedback, anticipate and understand issues and escalate appropriately for timely resolution.

- Manage strong relationship with support teams (IT, Operations and Risk) and bring synergies by interacting and integrating with cross functional teams.

Our Ideal Candidate:

- Educated to degree level; preferably with a Finance / Business OR Financial Engineering background or Masters degree in a quantitative subject

- Strong quantitative analytical skills and understanding of financial products.

- Strong Product knowledge at across the core business products.

- Strong interpersonal, communication (verbal and written) and negotiating skills.

- Strong interpersonal communication skills to build an effective internal network across the numerous stakeholders

- Strong Control mindset.

Role Specific Technical Competencies:

- Communication

- Financial market products

- Product Control