VP/AVP - Product Control - Investment Bank

We are hiring product controllers for a leading investment bank in Mumbai.

Responsibilities/Tasks :

- Ensure that risk is correctly reported and exceptions escalated promptly

- Perform and review daily Risk, T+1 PnL and MIS production for RMBS/CMBS desks, including

- PnL compilation.

- PnL analysis and commentary

- New Trade 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.

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

- Supervision and dissemination of daily PiP Packs

- 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 use

- Drive L&D initiative for the Team and actively build and review the development plan of Team members

Experience / Exposure :

- Product Control experience in Investment Banking or related industry. (preferably an equities background)

- 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 trading strategies

- Exposure to multiple front office systems.

- Sound knowledge of Greeks is a must.

- Knowledge of US-GAAP/IAS is preferred.

- 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.

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.

- People Management and Supervision

Experience of managing a team preferably 5 +, including:

- Performance appraisal and objective setting.

- Giving constructive feed-back and mentoring more inexperienced staff.

- Supervising work performed by others.

- Experience in carrying out 4-eye checks.

Education / Certification :

- CFA (Level2 / Level3), FRM, MBA or Chartered Accountant (C.A.), Bachelor's degree in Finance related subjects with relevant experience/ Master in Financial Management with relevant experience