Vacancy For CA/MBA/CFA/ACCA As Vice President - Product Control Substantiation With SCB At Bangalore

Company: Standard Chartered Bank
Website: https://www.sc.com/
Location: Bengaluru/Bangalore

Required Skills: CA/MBA/CFA/ACCA , Vice President - Product Control Substantiation
Required Exp: 11 to 15 years
Address: Bangalore
Category: CFA Jobs

Contact

Name:
Email:

Vice President - Product Control Substantiation - (2100004626)

Job

: Finance

Primary Location

: ASEAN & South Asia-India-Bangalore

Schedule

: Full-time

Employee Status

: Permanent

Posting Date

: 21/Feb/2021, 11:25:55 AM

Unposting Date

: Ongoing

About Standard Chartered

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

The Role Responsibilities

Process

Help design and implement new control processes for businesses that currently do not have any Product Control function.
Monitoring of key controls/ processes around Daily Pnl & Balance Sheet
Ensuring that all controls are followed, completed and reviewed in a timely manner
Liaising with different stakeholders such as IT, Country and Business Finance teams, and Operations, to ensure timely resolution of the issues
Review of Daily/Monthend reconciliations between the various TP systems and the General Ledger.
Assist in the design, testing and implementation of TP data integrity / exception reports
Review of month-end balance sheet substantiation of PC owned balances.
Assist in implementation of sound controls and consistent processes to ensure adherence to IFRS9.
To provide assistance with accurate Classification and Measurement of Financial Instruments as per IFRS 9.
Manage a team covering various product categories and regions. (Asset classes: Equities, Fixed Income, Commodities, Treasury etc.)
Ensure appropriate controls and reviews are maintained for Daily P&L production, Core reconciliations, Month end close and BCS.
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.
Identify/ manage risk and control breakdowns.
Support change project initiatives and conduct User Acceptance Testing for enhancements to current systems or migration to new system.

Stakeholder 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.

People Management

Maintaining a pleasant workplace environment which is motivating and enables high performance within team.
Monitoring people performance, providing timely feedback, performing annual and mid-year appraisals. ( including people development, pipeline/skills monitoring, and training programs,)
Manage leaves and attrition, create sufficient backup / cross trainings.
Minimise dependency on key people by cross training and succession planning.
Manage career and growth expectations of people.
Leverage upon knowledge and skills sitting with other teams at same location or similar team sitting across the globe.
Enable movement of people as and when required to manage resourcing across Product Control.

Our Ideal Candidate

MBA, CA, CFA, ACCA with a minimum of 10+ years experience (post qualification) in a financial service industry with at least 5+ 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.