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Job Description
The Finance department covers Product Control, Financial Control, Financial Decision
Support and Tax.
The primary function of Product Control is to work closely with all business stakeholders in
achieving the objectives of the firm, in compliance with all relevant regulations and
reporting requirements.
The PC Product Line teams play a key role in ensuring an independent validation,
substantiation and reporting of financial information for a particular FO business unit.
The responsibility by Line PC Teams for completeness and accuracy of the books and
records comprises 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, PC Change Management, Technology and other infrastructure areas.
Responsible for the line product control of an asset class, managing the line PC team to
fulfil responsibilities below:
Daily Responsibilities:
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
Controls
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.
Projects and Continuous Improvements
Identify and drive process re-engineering and constantly challenge status quo for
control improvement and process efficiency.
Motivate and empower the team to deliver continuous improvements.
Management
Responsible for performance and development of the staff.
Responsible for resource allocation within the team and setting clear objectives for
both business deliverables and personal development.
Provide leadership and support/advice to the team. Focus on prioritisation and
delivery.
Drive team training.
Other
Ensure escalation of issues to management on timely basis.
Proactive involvement in new business initiatives.
Build close working relationship with Front-Office, Middle-Office, Operations and Risk
departments and promote PC profile. Be viewed as a trusted business advisor.
:
testingMISflash
BLACK TURTLE offers a wide range of services spread across various industries and functions. These services range from executive recruitment to consultancy in devising HR policies to attract and retain the best talent. It includes servicing niche recruitment needs to RPO. We offer multiple solutions under one roof.
BLACK TURTLE is headquartered in Mumbai and has presence across seven cities in the country. It has over 50 consultants spread across with Mumbai being the PDC (Principal Delivery Centre).
BLACK TURTLE offers a wide range of services spread across various industries and functions. These services range from executive recruitment to consultancy in devising HR policies to attract and retain the best talent. It includes servicing niche recruitment needs to RPO. We offer multiple solutions under one roof.
BLACK TURTLE is headquartered in Mumbai and has presence across seven cities in the country. It has over 50 consultants spread across with Mumbai being the PDC (Principal Delivery Centre).
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