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Job Summary

The Product Control GBS is accountable for delivery of the end-to-end product & valuation control functions in GBS and lead different strategic initiatives for Finance.

We are seeking a dynamic and technically skilled skilled 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 Credit 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
• Develop and maintain appropriate policies and procedures which ensure the accounting, management and financial reporting integrity of the trading desks balance sheet and P&L.;
• Develop and execute appropriate procedures for Balance Sheet Reconciliation and Substantiation.
• Balance Sheet Substantiation includes multiple processes including reconciliation (at a transactional or at a balance level) of the account, a process of review of the reconciliation and any pertinent supporting documentation and a formal certification (sign-off) of the account in a predetermined form driven by corporate policy.
• Independently assess the valuation and associated uncertainty of assets and liabilities within business, specifically continuing the evolution and ensuring the integrity of the IPV and Fair Value reserving processes.
• Design, develop and evolve methodologies to optimize the Prudential Valuation and stress Prudential Valuation framework. Ensure a robust PVA framework.
• Review the work for junior members of the team & ensuring the team follows robust controls and governance framework.
• Employ, engage and retain high-quality people,



with succession planning for critical roles.

Business
• Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from team members and work in collaboration with risk and control partners.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives
• Provide thought leadership and take accountability from Bangalore on different initiatives spanning - Technology (SABRE, Aspire, Razor, Stride), Regulatory (IBOR, ViR ).
Processes
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives
• Provide thought leadership and take accountability from Bangalore on different initiatives spanning - Technology (SABRE, Aspire, Razor, Stride), Regulatory (IBOR, ViR ).

People & Talent
• 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 enough backup / cross trainings.
• Minimise dependency on key people by cross train

📌 Vice President, Product Control (Bengaluru)
🏢 Standard Chartered Bank
📍 Bengaluru