VP - Independent Price Testing - IB

POSITION OVERVIEW:

Responsible for leading the IPV and Deal review Product Control teams in India.

Role is a global role supporting all regional locations.

Role covers both Fixed Income and Equity asset classes

Fixed Income Product control at covers the following business divisions Credit, Rates, FX, Commodities – both listed and OTC products

Equities covers the following business divisions being Cash, CB’s Flow Derivatives, Structured/Exotic Derivatives and Prop Trading – both listed and OTC products

The role of Mumbai within the global Product Control architecture is to provide a centralized processing hub for all Product Control off shored processes and liaise closely with regional teams to deliver on two main objectives being, strong control environment and service provision to the business.

Like other Investment Banks continues to increase the scope of its offshore center. The role will require the individual to develop strong relationships with their onshore stakeholders and continue to identify and assess control processes which have the potential for migration, managing the migration process and continue with the on-going control and review of migrated activities.

1) The offshore teams are extensions of the onshore teams with both local and regional reporting lines

2) Offshore teams are responsible for the end to end process element of the role

Another key requirement of the role will be to mentor and develop the current team members to ensure Mumbai becomes self sufficient from a resourcing perspective and leaders of the future are developed from within the Mumbai team.

MAIN DUTIES/RESPONSIBILITIES OF THE ROLE:

- Leading a team. Responsible for the output and morale of the team

- Recruit, retain and develop the team accordingly

- Develop strong relationships with all stakeholders in each of the regions

- Ensure there is strong consistency of control and communication across all regions

- Identify control processes which can be migrated to Mumbai and work with regional stakeholders to migrate these processes in a controlled and timely manner

- Responsible for improving processes, and delivering process efficiencies and global standardization.

- Ability to take independent decisions, drive results and manage relationship with senior regional stakeholders.

- Part of the Product Control Mgmt Leadership team

The team is responsible for delivery of IPV and Deal Review Control processes to four regions. The position requires supervision and delivery of all IPV and Deal Review Control processes in India, current migrated activities include :

- Deal review of structured and Exotic trades for all regions.

- Valuations: Independent Price testing for listed and OTC Fixed Income and Equity products,

- Submissions of internal marks to external consensus market data providers to obtain consensus data

- Understand outliers and resubmit where necessary

- Review first draft IPV results for reasonableness before submitting to regions

- Reserve calculations for Fixed Income and Equity portfolios

- Review testing methodologies and participate in development of IPV database tool

- Support global valuation team in various initiatives

Eligibility:

Qualification: CA/MBA/B.Tech

Total Exp: Minimum 10 years out of which 4 years relevant with team handling expertise.