AVP - Product Control - Investment Bank

Discipline : Banking

Subsector : Product Control / Middle Office

Location : Chennai

About our Client: Our client is a global investment bank with a strong presence in growing markets. Prolonged success in such markets and a strong balance sheet has positioned them for continued expansion. They are looking for seasoned finance professionals in the product control space in Chennai, which is in line with their initiative at creating global roles out of the Indian market.

Job Description:

- Reporting to the VP-Product Control, your key responsibilities include:

- Analyzing weekly P&L with detailed presentation to management directed towards position movements

- Monitoring and analyzing daily movements in positions in each rates and credit books and understanding desk strategy for update to senior management

- Continuous liaising with traders and discussions on breaks/abnormalities

- Market risk positions' and movements' commentaries to be discussed with internal stakeholders

- Month end closing of accounts and balance sheet sign off

- Working with junior staff to get them understand products, processes and controls that are in place and helping them move faster up the learning curve

- Implementing fair value hierarchy and other requirements of IAS 39 and FAS 133

The Successful Candidate:

- You are a CA/ MBA within 7-10 years of post-qualification experience and 4+ years experience in Product Control itself.

- Extensive knowledge of both middle office and front office processes in interest rate and FX linked derivatives is highly advantageous.

- Technical awareness of Visual basic, MS excel, Visual basic, SQL, and other Microsoft office software would be a value-add.

What's on Offer:

- This is an excellent opportunity with an MNC Bank in expansion phase.

- The right candidate has the potential to grow and receive market leading compensation.

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