The Product Control is accountable for delivery of the end-to-end product & valuation control functions in GBS and lead different strategic initiatives for Finance.
Role
We are seeking a dynamic and technically skilled professional to join our Credit PC team. This role will play a pivotal part in expanding the Bank’s accounting capabilities, developing compliant and commercially effective strategies, and supporting IFRS 9 transition initiatives. The successful candidate will work for Product Control, working closely with Front office, Middle Office, Technical Accounting, Treasury, IRRBB, Product Control, and other key stakeholders to deliver best-in-class finance reporting and control implementation across the Group. This will include:
Timely production of daily P&L; reporting for Macro Trading - Product Control. The main products controlled are Rates (Bonds/SWAP), FX Products, Repos, Equity Derivatives Government Bonds & T-Bills, Fixed Deposits, Certificates of Deposits, Debt Issuance, and associated hedges interest rate hedges (IRS, CCS, FX Swaps).
Execute processes to ensure adherence to IAS39/IFRS9.
Execution of daily/monthly controls around P&L; and Balance Sheet
Review of Daily/Month end reconciliations between the various TP systems and the General Ledger.
Assist in preparation of quarterly and annual disclosures with necessary commentaries.
Liaising with different stakeholders like desk, middle office, IT, operation, external audit and respective financial controller to timely resolution of the issues
Support change project initiatives and conduct User Acceptance Testing for enhancements to current systems or migration to current system.
Key Responsibilities
Strategy
Ensure awareness and understanding of the group business strategy and model appropriate to the role
Business
Ensure awareness and understanding of the wider business, economic and market environment in which the group operates
Processes
Ensure processes for which the person is r
📌 Specialist Product Control (Bengaluru)
🏢 Standard Chartered India
📍 Bengaluru
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