Seize the opportunity to join the Product Control team which is responsible for independent Profit & Loss and Risk validation and reporting, US external reporting, balance sheet and capital management along with ensuring accuracy and integrity of the financial statements.
As a Markets Product Controller - Vice President, you will manage a team of controllers within the Asia Pacific Markets Product Control space. The role will put you at the forefront of changing requirements, business initiatives and an ever-changing market environment. As a team leader you will be expected to support your team and coach them through issues as well as developing them and their processes to ensure strong controls. Intellectual curiosity, technical expertise and innovative focus on effective processes and controls will ensure you are a great fit for this team.
Job responsibilities
• Manage core product control responsibility of ensuring the accuracy and integrity of Line of Business books and records
• Review independent trader Profit & Loss and Risk reporting, validate Profit & Loss and explain along with meaningful risk based commentaries, including daily reconciliation of trader’s estimate with actual Profit & Loss
• Ensure correct risk sensitivity is sent to Value at Risk and provide commentary on ensuing back testing results
• Perform month-end close process, including ensuring the accuracy and completeness of financial books and records in collaboration with Financial Control Group, working with Valuation Control group to ensure valuation adjustments are correctly recorded, partnering with Legal Entity Controllers for appropriate FX exposure management as well as ensuring accuracy of books and records for every legal entity
• Review and qualitatively validate Line of Business inputs into quarterly US external reporting along with providing meaningful trending analysis and commentary based on risk as well as GAAP line for trading results, linking trading revenues to desk strategies and changes in market conditions
• Balance sheet and risk-weighted asset reporting & analysis in line with Corporate & Investment Bank minimum standards
• Ascertain a thorough understanding of the end-to-end technology platform and associated feeds/downstream systems
• Ensure adherence to internal and external policies/regulation including Antitrust compliance
• Manage a team of product controllers who perform all of the above functions on daily basis and act as an escalation point and provide solutions to the team members and stakeholders alike
• Assess impact and provide inputs on the projects affecting the Markets Product control function including but not limited to various risk management, aggregator tools and reporting system changes
• Work closely with other risk groups like Market risk, Quantitative risk, Technology, middle office on various day to day tasks and ad-hoc issues
Required qualifications, capabilities, and skills
• Minimum of a Bachelor’s degree in Accounting, Finance, Business or related area
• Minimum 6 years of working experience in Product Control function of a trading business
• Minimum 3 years of working experience on comprehensive Profit & Loss reporting requirement under Volcker rule, risk concepts, transfer pricing, FX exposure management and ability to connect the linkage across risk groups
• Experience of directly managing team across multiple locations
• Demonstrated self-motivation with the ability to independently manage global initiatives and projects
• Strong interpersonal/communication skills
• Professional and collaborative attitude and a team player
• Attention to detail with the ability to work effectively under tight deadlines and maintain a control mindset
• Excellent Microsoft Excel knowledge and strong desktop skills
Preferred qualifications, capabilities, and skills
• Good understanding of risk management, revenue reporting systems and end to end infrastructure
• Knowledge of interest rates and FX products
• Experience in accounting of Bonds, Repo and interest rates derivative products
• Ability to challenge status quo and promote efficiency and innovation of processes
To apply for this position, please use the following URL:
https://ars2.equest.com/?response_id=f11a0a73ef9efc093a3121448ce921a2
