Manager/AVP - Product Controller - Investment Bank

A leading investment bank is hiring for Mumbai location.

Business Unit Overview:

Product Control Team reports T+1 Trading P&L for all the regions across various asset classes. The primary responsibility for a product controller is to produce P&L for the trading desk, substantiate the P&L numbers, explain the P&L to both the traders and onshore regional controllers and ensure that they maintain a control environment.

Roles and Responsivities:

- To ensure that the daily P&L is accurately reported to the FO & reconciled between P&L tools & management reporting tools.

- To ensure that the relevant P&L and Balance sheet positions are correctly reported at month ends and that the applicable reconciliations have been completed and all issues identified/resolved.

- Providing daily commentary on P&L swings and variance investigation to Front office traders and senior finance managers

- To ensure that the relevant controls are adhered to.

- To coordinate for the completion and delivery of the tasks allocated to the team.

- To provide advice to the business on the P&L impact of trades and the interaction of the Front and Back Office systems, especially regarding trades and proposed new workflows.

- To ensure that applicable accounting standards are adhered to regarding P&L and Balance Sheet reporting.

- Periodic review of various internal policies and controls and implement any change required.

- Independently handle various audit requirement of regulatory audit, internal audit, statutory audit & other compliance reviews along with working towards the closure of audit findings.

- Liaising with other internal and external areas of finance to ensure timely resolution of queries and timely completion of Project assigned.

- Independently handle PC related projects

- Ensuring that sufficient backs up are created for all team deliverables.

- Keeping stakeholders and management informed about any process/team related issues

Key Skills:

- Through understanding of the product types traded by the desk and understanding Fixed Income business.

- Good understanding of the relationship between Valuations and P&L teams within the bank and the various areas of interaction required.

- Ability to understand the booking structure for complex trades and raise relevant issues to Product Control management.

- Good Logical reasoning skills, ability to apply existing knowledge to take logical approach while solving new un-seen issues.

- Should be able to articulate, explain and defend the view point on issues and result of analysis.

Technical :

- MS office - Intermediate level Good understand of the valuation of all products under their control

- Strong presentation skills, ability to communicate clearly and effectively in both oral and written form

- Good communication skills - both oral and written form, basic VBA skills