AVP/ VP - Product Control - BFSI

Main Duties and Responsibilities:

Responsible for the line product control of a sub-set of an asset class Responsible for supporting the business by providing a full finance support service, including product control, financial reporting & control and tax liaison in relation to structured transactions involving multiple legal entities and financial products, managing a line PC sub-team to fulfil responsibilities below:

Daily Responsibilities:

- Review daily P&L, P&L attribution, P&L commentary, flash to formal differences and manual adjustments

- Develop a sound understanding of risk positions through detailed discussion with traders and risk managers on risk positions so that an appropriate P&L model is deployed with focus on key risk items and market moves

- Perform insightful financial analysis to draw sound conclusions to present to senior stakeholders in onshore PC locations and Financial Control

- Ensure that the team's KPI and SLA are met.

- Attend to ad hoc queries from the traders and other infrastructure partners relating to trading revenue, tax and balance sheet

- Foster a culture of performance improvement by serving as a lead for recommendations and be accountable for the delivery of qualitative and efficiency benefits from direct reports

Weekly / Monthly / Annual Responsibilities:

- Review and run the Financial Close& Reporting process for specific transactions and legal entities, including preparation of key p&l and balance sheet reconciliations and disclosures for quarter and year end reporting requirements

- Review key weekly & monthly MIS to senior management.

- Lead production of monthly Key Reporting Packs including Letter of Representation, BLBS, Front Office MI Deck and Operational KPI Deck

- Gain in-depth understanding of provisioning and price testing controls and processes, and perform detailed review of the working files.

- Engage in detailed discussion with traders, risk managers and Independent Valuation Control team on the results. Liaise with valuation expert on modelling appropriateness and other technical/booking issues.

- Perform detailed review of month end adjustments, and Balance Sheet substantiation

- Prepare and review annual statutory financial statements and co-ordinate the audit effort with external auditors for legal entity audits.

Controls:

- Ensure the maintenance of a strong internal control environment. Monitor control reports to ensure accuracy of data for P&L, validation and downstream processes.

- Raise the team's level of control awareness. Lead by example and engender a strong control culture.

- Ensure clean audit results from internal and external reviews. Ensure the completeness and accuracy of key stroke documentations for key PC processes, risk assessment and SOX documentation.