AVP, Product Control GBS (Treasury, Hedge Accounting)

Key Responsibilities

Strategy:

• Managing Product, Valuation and Financial controls

Business:

• CCIB and Treasury Businesses

Processes:

• Manage a team covering treasury product categories and regions. (Asset classes: Securities and MM products, Funding, Funds Transfer Pricing, Capital, Hedge Accounting etc.)
• Monitor and implement business model assessments and hedge accounting processes based on IAS 39 and IFRS 9 for new and existing strategies
• Ensure appropriate controls and reviews are maintained for Daily P&L production, core reconciliations, month end close and balance sheet substantiation.
• Ensure the teams are performing timely lockdown of daily and monthly P&L.
• Should be able to substantiate daily and monthly adjustments held in P&L and control accounts.
• Review monthly balance sheet, with substantiation and potential financial exposure.
• Review various reconciliation reports, management packs and adhoc reports.
• Review of month end journals for accrual, provision and true up.
• Take responsibility for the quality of work submitted and ensure that the highest standards are maintained.
• Ensure adherence to SLA’s, KPI’s , Internal metrics & Finance wide policies.
• Identify/ manage risk and control breakdowns.
• Develop & maintain effective and standard processes. Maintain KOP’s/DI’s.
• Support change project initiatives and conduct User Acceptance Testing for enhancements to current systems or migration to new system.

People and Talent: 

• Develop a pipeline of talent under himself/ herself

Risk Management:

• Support effective compliance by embedding an effective Operational Risk Framework (ORF) within the PC-VC process universe to ensure all areas manage operational risks in a proactive, risk based and disciplined manner.
• Support functioning of day-to-day controls, by performing periodic assessment and monitoring activities (CST & KCI) as well as timely identification, escalation, and resolution of risk issues
• Support and monitor compliance with Operational Risk policies, procedures, and applicable regulations within PCVC and advice wherever changes are required.
• To actively support exercising of direct Risk Control Ownership / Process ownership for Operational Risk to ensure risks of processing failure are being actively owned and resolved on an end-to-end basis

Governance and Stake holder management:

• Regular face off with Traders, Product Control Management, Regional finance team and various internal stakeholders within GFS.
• Act as a point of reference for team members and internal clients.
• Manage relationship with internal stakeholders, take regular feedback, anticipate and understand issues and escalate appropriately for timely resolution
• Manage strong relationship with support teams (IT, Operations and Risk) and bring synergies by interacting and integrating with cross functional teams.

Qualification & Requirements

• MBA, CA, CFA, ACCA with a minimum of 8+ years experience (post qualification) in a financial service industry with at least 2+ years of People Management experience.
• Strong leadership skills and ability to manage teams
• Control mindset and ability to identify and mitigate and control gaps
• Good understanding of financial market products
• Ability to develop, implement and maintain effective and standard operational processes.
• Excellent people and resource management skills.
• Excellent Interpersonal skills. Should be able to communicate at all levels.
• Strong planning, negotiation and analytical skills.
• Excellent business writing and verbal English communication skills
• Ready to travel & work in shifts.

Benefits

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organization, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies – everyone feels respected and can realize their full potential.