Vice President - Product Control - Investment Bank

The responsibility by Line PC Teams for completeness and accuracy of the books and records comprises of:

- 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 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.

What will you be doing?

- Responsible for the line product control of an asset class, managing the line PC team to fulfil responsibilities below:

Responsibilities:

- Review monthly impairment process, including understanding risk positions and moves for P&L explanation.

- Engage in detailed discussion with various Line PC team, CRIS, SAM, senior stake holders on risk positions and P&L.

- Ensure that the team's KPI and SLA are met.

- Attend to ad hoc queries from the various stake holders and partners relating to impairment revenue and Balance Sheet.

- Review key periodic MIS to senior management.

- Gain in-depth understanding of provisioning, controls and processes, and review the month end working.

- Perform detailed review of month end adjustments, and Balance Sheet substantiation

- Other relevant impairment processes

Controls : 

- Ensure the maintenance of a strong internal control environment. Monitor control reports to ensure accuracy of data for P&L, validation and downstream processes.

- Raise the team's level of control awareness. Lead by example and engender a strong control culture.

- Ensure clean audit results from internal and external reviews. Be the owner of key stroke documentations for key PC processes, risk assessment and SOX documentation.

Projects and Continuous Improvements : 

- Identify and drive process re-engineering and constantly challenge status quo for control improvement and process efficiency.

- Motivate and empower the team to deliver continuous improvements.

Service Delivery : 

- Ensure adherence to daily schedule and service level agreements (SLAs).

- Ensure process compliance as per the regulatory guidelines and audit requirements.

- Oversee the preparation of basic financial analysis, impairment analysis, financial reports, financial planning and financial statements analysis.

- Review and analyse complex financial reports and financial statements analysis and present the same to the management.

- Establish innovative systems and procedures for handling data & reports and continuously improvise on them.

- Identify process improvement opportunities.

- Understand customer needs and provide innovative solutions.

- Manage and monitor quality for the business area.

- Respond to and resolve issues arising out of interactions with clients.

- Ensure open communication and address issues/ concerns raised.

What we are looking for:

- In-depth knowledge of Financial product and markets of the relevant asset class

- Good understanding of end-to-end processes of an IB and associated controls

- Excellent communication and presentation skills in both formal and informal settings & ability to interact with the region and London as part of a global team (written and verbal)

- Excellent time management skills and able to prioritise

Skills that will help you in the role:

- Strong control awareness

- Confident and assertive manner

- Ability to work independently with a spectrum of people from junior finance staff to front office business heads.

- Proactive and change focused with problem solving ability.

- Mature and able to negotiate through difficult situations

- Ability to drive the team's agenda in large forums spread across various locations.

- Good influencing and negotiation skills and excellent communication and interpersonal skills.

- Displays enthusiasm, initiative and diligence.

- Opportunity to be groomed to be future leaders, where there will be expended remit for future growth.

- Works well in a team with high standards for team work