AVP - Product Control - Investment Banking

Role Description - Summary

Working within the Credit group, the candidate will be responsible for delivery of Daily T+1 P&L production for Securitization desk

Responsibilities / Tasks

- Ensure that risk is correctly reported and exceptions escalated promptly

- Perform and review daily Risk, T+1 PnL and MIS production for various Structured Credit 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, including UAT.

- Be an instigator of process 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:

- 8+ years Product Control experience in Investment Banking or related industry. (preferably Credit 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 Credit products and their accounting treatment.

- MS Office skills: MS-Power Point, MS-Access, MS-Excel & thorough 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.

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.

If interested please reply back with your updated CV and the following details:

Total years of experience:
Number of years of experience in Product control:
Current CTC:
Expected CTC:
Notice Period:

Barnali Barman
Recruitment Specialist
Allegis Group Services | India
+91(080) 30717263