Responsible for the line product control of an asset class, managing the line PC team to fulfill responsibilities below:
Review daily P&L, including understanding risk positions and market moves for P&L explanation, 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 trading revenue and Balance Sheet.
Weekly / Monthly Responsibilities
Review key weekly & monthly MIS to senior management.
Gain in-depth understanding of provisioning and price testing controls and processes, and review the month end working.
Engage in detailed discussion with traders, risk managers and Independent Valuation Control team on the results. Liaise with valuation expert on modelling appropriateness and other technical/booking issues.
Perform detailed review of month end adjustments, and Balance Sheet substantiation
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 teams 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.
Qualified accountant / CIMA
CFA / Masters in Finance / Financial Engineering would be an advantage
7-10 years of product control experience in a top tier investment bank with minimal of 2-3 years at the VP level.
Audit exposure in large financial institutions / banks preferred