Product Control is a support department for Front and other Middle office areas playing an active role ensuring the firm's profit and loss and risks are managed and reported. Core components of the function are as follows:
Profit and Loss reporting: Providing Management and the Business Units with key financial information via the P&L; reporting and analysis process in a timely and accurate manner. Ensuring all P&L; is fully explained via attribution to risk parameter movements and deal activity as well as market-linked commentaries
IPV and Valuations: Providing Management and the Business Units with independent validation of market data, model inputs and official valuations vs 3rd party sources to ensure all positions are accurately valued. Quantification of valuation uncertainty under regulatory standards including associated regulatory reporting and deduction from Capital resources. Facilitating the implementation of improved valuation models and data structures where necessary
Provisions and Adjustments:



Ensuring the accuracy and sufficiency of reserves and valuation adjustments to support recent and existing products and businesses in line with the firm's overall strategy
Management Information: Providing ultimate quality assurance and sign-off of key P&L-related; data and analysis to enhance and expedite performance measurement, resource allocation and decision making
Projects: provide key input into the design, specification and implementation of systems and controls to enhance underlying departmental processes
Recent Products, Complex Transactions and Businesses: Key involvement in the Recent Product Approval and product implementation processes, ensuring appropriate booking, valuation and reserve methodologies to meet business requirements
External Reporting: Provide external auditors, regulators and other key stakeholders with financial information and evidence of sound management systems and controls

DUTIES AND RESPONSIBILITIES:

Specific Responsibil

📌 Vp Product Control Bengaluru
🏢 MUFG Global Service (MGS)
📍 Bengaluru