Product Control

Job Title AVP - Product ControlLocation ChennaiIt is a British universal bank We are diversified by business by different types of customersand clients and by geography Our businesses include consumer banking and payments operationsaround the world as well as a top-tier full service global corporate and investment bank all ofwhich are supported by our service company which provides technology operations and functionalservices across the Group Risk and Control ObjectiveTake ownership for managing risk and strengthening controls in relation to the work you doWorking Flexibly Were committed to providing a supportive and inclusive culture and environment for you to work in This environment recognises and supports ways to balance your personal needs alongside the professional needs of our business Providing the opportunity for all our employees globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers and clients needs Whether you have family commitments or youre a carer or whether you need study time or wish to pursue personal interests our approach to working flexibly is designed to help you balance your life If you would like some flexibility then please discuss this with the hiring manager and your request will be reviewed subject to business needs Hybrid WorkingStructured hybrid role We offer a hybrid working experience that blends the positives of working alongsidecolleagues at our onsite locations together with working from home We have a structuredapproach where colleagues work at an onsite location on fixed anchor days of the week for aminimum of two days a week or more as set by the business area or nearest equivalent if workingpart-time hours Please discuss the working pattern requirements for the role you are applying forwith the hiring manager Please note that as we continue to embed our hybrid working environment we remain in a test and learn phase which means that working arrangements may be subject tochange on reasonable notice to ensure we meet the needs of our business Introduction The responsibility by Line PC Teams for completeness and accuracy of the books and recordscomprises 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 PCChange Management Technology and other infrastructure areas What will you be doingResponsible for the line product control of an asset class managing the line PC team to fulfilresponsibilities below Daily Responsibilities Review daily P L including understanding risk positions and market moves for P Lexplanation and review of flash vs formal differences Engage in detailed discussion with traders and risk managers on risk positions and P L Ensure that the teams KPI and SLA are met Attend to ad hoc queries from the traders and other infrastructure partners relating to tradingrevenue and Balance Sheet Weekly Monthly ResponsibilitiesReview key weekly monthly MIS to senior management Gain in-depth understanding of provisioning and price testing controls and processes andreview the month end working Engage in detailed discussion with traders risk managers and Independent Valuation Controlteam on the results Liaise with valuation expert on modelling appropriateness and othertechnical booking issues Perform detailed review of month end adjustments and Balance Sheet substantiationControlsEnsure the maintenance of a strong internal control environment Monitor control reports toensure accuracy of data for P L validation and downstream processes Raise the teams level of control awareness Lead by example and engender a strong controlculture Ensure clean audit results from internal and external reviews Be the owner of key strokedocumentations for key PC processes risk assessment and SOX documentation Ensure adherence to and compliance with governance risk policies procedures and compliancepolicies Projects and Continuous ImprovementsIdentify and drive process re-engineering and constantly challenge status quo for controlimprovement and process efficiency Motivate and empower the team to deliver continuous improvements Identify process improvement opportunities What were looking for Qualified accountant CA CFA Masters in Finance Financial Engineering would be an advantageProduct control experience in Investment bank for at least 4 yearsTechnical knowledge skills In-depth knowledge of Financial product and markets of the relevant asset classGood understanding of end-to-end processes of an IB and associated controlsExcellent communication and presentation skills in both formal and informal settings abilityto interact with the region and London as part of a global team written and verbal Excellent time management skills and able to prioritiseSkills that will help you in the role Strong control awarenessConfident and assertive mannerAbility to work independently with a spectrum of people from junior finance staff to front officebusiness heads Proactive and change focused with problem solving ability Mature and able to negotiate through difficult situationsAbility to drive the teams agenda in large forums spread across various locations Good influencing and negotiation skills and excellent communication and interpersonal skills Displays enthusiasm initiative and diligence Works well in a team with high standards for team workLeadership requirementsJudgement Balances short-term long term goals manages ambiguity well is an astute risktaker can see things in new and innovative ways and understands the business Influence Adept at influencing and aligning colleagues to make things happen builds trustingand collaborative relationships knows self deeply and creates teams to complement own strengths Execution Turns strategy into results measures manages and delivers performance alwaysdelivers on promises Excellent analytical and problem-solving skills and the ability to be creativeand to think outside the box Drive Passionate about making a difference relentlessly seeks out and overcomes majorchallenges has real drive and determination continuously raises the bar and is emotionally resilient Proven track record in delivering to tight deadlines under pressure Excellent Communication Presentation - Excellent people-management and relationship-building skills with ability to operate at most senior levels Process improvement drives through change and process re-engineering by continuouslyleaning and streamline processes Language o Ability to speak write English fluentlyo Personal attributes essential to performing role e g essential desirable skills competencies expertise knowledge and experience