Job Summary

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 agile and technically skilled professional to join our Macro 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 new 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 wh

📌 Specialist, Product Control (Bengaluru)
🏢 Standard Chartered India
📍 Bengaluru