Product Control - BFSI

Role Description - Summary :

Working within the SF Credit group, the candidate will be responsible for exception resolution, effective commentary and other delivery of MRC tasks across Structured Finance. In addition he / she will be also be responsible for the below activities.

Responsibilities / Tasks :

- Hands-on book running, trouble shooting

- PnL compilation, 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

- Delivery of risk, fixing pricing errors, understanding downstream stakeholders needs (particularly Financial Control, FDFM and GVG)

- Interact with traders, comprehend structures and trading strategies

- Understanding of complex products like CDO's, FTD's, Tranche Market Making, Structured & Enhanced repos, Cross Currency Credit contingent Swaps, indexed linked products.

- Review the Balance Sheet for the desks and understand financial exposures.

- Review all PnL adjustments and own their resolution.

- Ensure that risk is correctly reported and explain any deviations.

- Maintain control environment

- Understanding of all cash breaks and PV adjustments

- Closing out of Summit XDB Exceptions

- MCC & MRC exception Resolution and effective commentary

- Familiar with Month end accounting re-classes of deal population

- Be able to drive and co-ordinate strategic initiatives from PSC standpoint, including UAT.

- Prioritise change book of work to manage expectation of all stakeholders

- Ensuring that proper accounting standards have been use

Experience / Exposure :

- 5+ years Product Control experience in Investment Banking or related industry. (preferably Fixed Income 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 equity products and there accounting treatment.

- Thorough understanding of the risk profile of Rates & Credit products.

- Understanding of complex products like CDO's, FTD's, Tranche Market Making, Structured & Enhanced repos, Cross Currency Credit contingent Swaps, indexed linked products.

- MS Office skills : MS-Power Point, MS-Access, MS-Excel & through knowledge of look ups & pivot tables required, Ability to perform Excel spreadsheet analysis and ability to troubleshoot errors in Access.

- Exposure to multiple front office systems.

- Analytical/Mathematical mind set.

- Sound knowledge of Greeks is a must.

- Knowledge of US-GAAP/IAS is preferred.

Communication & strong interpersonal skills :

- The individual should have excellent communication skills to enable interaction with Senior Traders and senior management

- Ability to communicate effectively (oral & written) & strong interpersonal skills

- Experience of dealing with Front-office traders, in particular demanding traders or managing difficult situations such as trading errors.

Time management skills :

- The individual must have a proven track record of the ability to work to deadlines in an accurate manner - this is a fundamental requirement

- Well organized & able to clearly present results of work.

Drive and Motivation :

- Passion for change and confidence in own abilities.

- Be comfortable & willing to drive process improvement and demonstrate out of the box thinking.

- Should be diligent, thorough, shows initiative and is proactive

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.

- Experience in carrying out 4 eye checks.