Posted By
Posted in
Banking & Finance
Job Code
478150
Manager/ Senior Manager/ Assistant Vice President - Product Control - Investment Bank - Chennai
Job Description
- P&L and B/S substantiation and reporting (including P&L explain / attribution, reconciliations, P&L commentaries, adherence to accounting principles, etc.).
- Monitoring trading activity for compliance with various related policies.
- Providing management with a technical and operational analysis of the business unit.
- Regular interaction with FO business, Financial Control, Technical Accounting Group, PC Change Management, Technology and other infrastructure areas.
Responsible for the line product control of a subset of an asset class, managing a line PC sub-team to fulfill 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 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 Responsibilities
- Review key weekly & monthly MIS to senior management.
- Gain in-depth understanding of provisioning and price testing controls and processes, and perform a 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 modeling appropriateness and other technical/booking issues.
- Perform detailed review of month end adjustments, and Balance Sheet substantiation
Working experience:
- Product Control experience in a top tier investment bank
- Articleship in mid to large sized firms
- Audit exposure in large financial institutions/banks preferred
Technical knowledge/skills:
- Good knowledge of financial product and markets of the relevant asset class and ability to learn
- Good understanding of end-to-end processes of an IB and associated controls
- 5+ years work experience and MBA/ CA degree is preference
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Posted By
Posted in
Banking & Finance
Job Code
478150