Product Control/Quant/Modeling - Bank

We have an immediate opportunity as an AVP, Associate & Senior Analyst with a top MNC Bank for Mumbai location, please go through the JD mentioned below.

Job location: Mumbai

Position: Multiple position at different level i.e SA, Associate n AVP

Role Description:

High end product control roles where we are looking for people with Quant, modelling kind of skills.

The Risk Engine Utility P&L team is responsible for producing T0 and or T&1 daily profit-and-loss & risk reports for their respective trading desk. They ensure that figures are validated based on existing controls and the P&L is properly explained/substantiated. Any manual adjustments posted are feed through to the relevant
Transaction Accounting team as part of their daily/monthly reconciliation processes

Key functions include

- Supporting Rates and Emerging Markets Debt business

- Produce daily profit and loss for the business unit/trading center

- Handle queries from Trading desk and Support partners

- Provide necessary transparency of controls done either for quality assurance or for final validation and control performance

- Ensure KRI’s are closely monitored, Pv adjustments, Cash breaks, TMQ’s

- Obtain necessary sign-off from Front-Office (Traders) of the reported P&L

- Ensure downstream stakeholders MRM, FDFM, Technology, FinCon & Operations receive accurate financial data

- Participate in CTB initiatives of the team as well as domain-wide

- Liaise with different support teams for escalation and remediation of daily issues encountered

- Work with GBS Transaction Services, Transaction Accounting and Business Control to understand/complete trade-to-book process of a transaction

Key Competencies:

Proven track record in delivery of Risk and Pnl to Front office – with clear evidence of

- Problem solving

- Ability to Fix analytical issues

- Build & maintain strong relationships with Trading desk and on-shore partners.

Experienced in the financial services industry with strengths including the ability to review and analyze daily economic movements of Rates & Credit derivatives and other financial instruments based on the current market news for accurate reporting.

Proven Change Agent – able to demonstrate delivery of a change initiative and challenges operating model – identify process improvements and work with both business and support partners to enhance effectiveness of control environment and improve accuracy and granularity of Risk and Pnl.

Familiarity with complex and exotic trade types and their associated risks a distinct advantage, as well as major industry pricing models and discounting methodologies.

Qualifications and Skills:

- Candidate must possess at least a Professional License (Passed Board/Bar/Professional License Exam), Mathematics, Engineering, IT, Economics, Finance/Accountancy/Banking, or equivalent.

- Accountancy Qualification – desirable but not essential

- Required skill(s): accounting and financial analysis, reporting, profit and loss (PnL), cost reconciliation, management information system, Risk Management.

- Required language(s): English

- Computer-literate and skilled in MS Office applications (with particular emphasis on Excel)

- Team worker, able to work in virtual global teams and in a matrix organisation

- Open minded, able to share information, transfer knowledge and expertise to team members

- Flexibility regarding problem solving

- Keeps pace with technical innovation and market driven initiatives

Please note:

Candidates with quantitative background with handsome work experience / knowledge in different arrays of products will be preferred.

Contact - maaz@black-turtle.com