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Job Id: 642
Job Title: Product Control
Industry: Banking, Financial Servcies & Insurance
Functional Area: Analytics & Business Intelligence
Salary: 8 Lac - 12 Lac
Job Location: Mumbai
About the Client

Client is an Asia-based financial services group with an integrated global network spanning over 30 countries. It services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving
clients with creative solutions and considered thought leadership.

Job Description

1. To ensure that the daily P & L is accurately reported to the FO & reconciled between P & L tools & management reporting tools.
2. To ensure that the relevant P&L and Balance sheet positions are correctly reported at month ends and that the applicable reconciliations have been completed and all issues identified/resolved.
3. Providing daily commentary on P&L swings and variance investigation to Front office traders and senior finance managers
4. To ensure that the controls are adhered to.
5. To coordinate the completion and delivery of the tasks allocated to the team.
6. To provide advice to the business on the P&L impact of trades and the interaction of the Front and Back Office systems, especially regarding trades and proposed new workflows.
7. To ensure that applicable accounting standards are adhered to regarding P&L and Balance Sheet reporting.

Desired Candidate Profile

1. Broad understanding of the product types traded by the desk and any valuation issues thereof.
2. Good understanding of the relationship between Valuations and P&L teams within the bank and the various areas of interaction required.
3. Ability to understand the booking structure for complex trades and raise relevant issues to Product Control management.
4. Confident in double entry accounting associated with products under their control
5. Good Logical reasoning skills, ability to apply existing knowledge to take logical approach while solving new un-seen issues.
6. Good understand of the valuation of all products under their control

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