VP - Product Control

- About the role Product Control function is responsible for Daily P&L reporting for the Commodities & Global Markets (CGM) business, operating in all major trading locations.

- The role will require expertise of financial products, understanding of business strategy, full ownership of P&Ls and core reconciliations, leading change management projects, strong people management skills as well the ability to communicate effectively at a senior level across the bank/FMG.

Key responsibilities will include :

- Process - Manage multiple teams 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 and Month end close.

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

- Should be able to substantiate daily and monthly adjustments held in P&L and control accounts.

- Review monthly 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 SLAs, KPIs, internal metrics & FMG wide policies.

- Identify/ manage risk and control breakdowns.

- Develop & Maintain effective and standard processes. Maintain SOPs/Dls.

About the role :

- Product Control function is responsible for Daily P&L reporting for the Commodities & Global Markets (CGM) business, operating in all major trading locations.

- The role will require expertise of financial products, understanding of business strategy, full ownership of P&Ls and core reconciliations, leading change management projects, strong people management skills as well the ability to communicate effectively at a senior level across the bank/FMG.

Key responsibilities will include :

Process :

- Manage multiple teams 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 and Month end close.

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

- Should be able to substantiate daily and monthly adjustments held in P&L and control accounts.

- Review monthly 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 SLAs, KPIs, internal metrics & FMG wide policies.

- Identify/ manage risk and control breakdowns.

- Develop & Maintain effective and standard processes. Maintain SOPs/Dls.

Stakeholder Management :

- 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.

People Management :

- 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 program).

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

- Minimise 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.

Change Management :

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

- Continue focus to improve the process speed, accuracy, proactively identifying and eliminating operational risks.

- Coordinate for new migrations (if any) which include scoping of activities to migrated, identifying people resources, travel planning, transition planning, monitor training and obtaining sign-off from all stakeholders.

About you :

- You are an experienced person in financial services and exposure to Trading desks, Product Control Management, Regional finance team and various internal stakeholders

We want to hear from you if you have :

- MBA, CA, CFA with a minimum of 12+ years experience (post qualification) in a financial service industry with at least 3+ years of People Management experience.

- Strong leadership skills and ability to manage teams

- Control mindset and ability to identify and mitigate and control gaps

- Good understanding of financial market products

- Ability to develop, implement and maintain effective and standard operational processes.

- Excellent people and resource management skills.

- Excellent Interpersonal skills. Should be able to communicate at all levels.

- Strong planning, negotiation and analytical skills.

- Excellent business writing and verbal English communication skills

- Ready to travel & work in shifts.

- Overseas experience would be a plus.

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