Senior Manager - Product Control - Investment Bank

One of our leading investment banking clients in Hyderabad is looking for Sr. Manager role who has strong work experience in Product control with Daily Pnl production and reviewing.

Designation: Sr. Manager (IC)

Experience: 6 - 10 Years

Location: Hyderabad

Shift: Flexible for any kind of shift

Skillset: Product Control with Daily Pnl production and reviewing

Process Overview-

Product Control are the financial guardians of the bank's sales and trading activities. We fulfil this role through:

- Existence (Validity): Only valid or authorized transactions are processed (i.e., no invalid transactions)

- Occurrence (Cutoff): Transactions occurred during the correct period or were processed timely

- Valuation: Transactions are calculated using an appropriate methodology or are computationally accurate

- Rights & Obligations: Assets represent the rights of the company, and liabilities its obligations, as of a given date

- Presentation & Disclosure (Classification): Components of financial statements (or other reporting) are properly classified (by type or account) and described

Job Description-

The Global Banking and Markets Finance seeks to provide a first-class support service with particular focus on the relationship between trading risk positions and P&L components. We are looking to recruit an individual to work in the P&L production area covering the Fixed Income/FX trading desks. The candidate's main responsibility will be to produce and deliver the daily P&L to front office, providing a high standard of analysis and explanation around any issues faced and daily revenue drivers. The candidate will therefore have considerable interaction with the respective Front Office, Middle Office, and Finance and Trade Capture teams so good communication and time management skills are an essential requirement for this job.

All Linear Product across Fixed Income, FX, Credit and Equities

Responsibilities - 

- Must have experience of managing a team in a global environment and be able to draw on examples accordingly

- Ownership of the Team's daily & Monthly processes

- Principle point of escalation for the team. The manager is expected to own issues through to resolution and support staff in delivery

- Coordinate and Execute GRC book of work in line with pre-agreed project milestones/deliverables

- Working with management to action People, Process & Technology initiatives across the GRC function

- Report progress at an appropriate level - ensuring minimal overhead/maximum effect

- Compile and Monitor daily P&L for one of the Flow trading desks with analysis of P&L numbers in relation to market moves

- Complete daily reconciliation to SubLedger

- Perform the Month-End SubLedger to general ledger reconciliation

- Analyze traders- risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves.

- Develop & improve the existing processes plus conduct testing/UAT for new systems software releases

- Handle Ops and Market Risk queries relating to products / books covered

- Work as a team to improve / develop analytical tools to better support the business

- Communicate effectively & escalate issues to senior management in a timely and thorough manner

- Mentor junior team members to help them grow and conduct strong oversight over all workflow & issues.