AVP - Product Control - Investment Bank

One of our leading investment banking clients in Hyderabad is looking for AVP Role who has strong work experience in Product Control.

Designation: AVP (Sup)

Experience: 12 - 15 Years

Shift : APAC / EMEA

Location : Hyderabad

Primary products covered will include: All Linear Product across Fixed Income, FX, Credit and Equities

Responsibilities:

- Ownership of the Team's daily & Monthly processes

- Production and reporting of daily P&L to Front Office & Senior Management.

- Reconcile actual P&L with trader estimates and provide flash/actual variance analysis.

- Working closely with the trading desks on position, P&L or other issues on an ad-hoc basis.

- Front-to-Back analysis & reconciliations of front office P&L and balance sheet to firm sub-ledgers,

- Assist with execution of month-end controls ensuring management vs financial P&L variances are within thresholds

- Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries.

- Development & continuous improvement of existing processes & workflow.

- Testing / UAT for systems work ranging from minor system releases to major system implementations.

- Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk.

Mandatory skills:-

- Candidate must have 12+ years of Experience in Markets with at least 4-5 years in PnL

- Candidate should have a keen interest in the Fixed Income product set with a good understanding of the products used (see above) and their pricing

- People management skills with ability to handle delivery in close time lines is must

- Will typically own a desk/LOB E2E

- Mentor Front Line Managers to help them grow and conduct strong oversight over all workflow & issues

- Good working understanding of Excel is a must; ability to troubleshoot spreadsheet issues is also critical

- The right individual will have strong people skills and can multi-task to manage the challenges of Middle Office processes yet have the awareness to escalate potential issues to their supervisor in a timely manner

- Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels

- Must be proactive and be a highly-motivated self-starter. Reactive and/or passive individuals need not apply

Desired skills:

- Advanced education and/or enhanced technical qualifications are a plus

- It would be advantageous if the individual has prior experience onshoring Finance, Middle Office or Operational workflow and implementing procedures and controls

- Ability to use Access or VBA would enhance the candidate's attractiveness significantly