Associate Vice President, Product

Job Summary

• The role is based out of Bangalore and reports to VP of the respective Asset Class. The PC team supports various asset classes like FX, Rates, Credit, & XVA etc.,

Responsibilities

• Submission of P&L, Forecast month end P&L liaising with wider finance team and business COOs.
• Performing deal review and approving fee recognition based on IFRS9 and IFRS 15 principles.
• Ensure appropriate controls and reviews are maintained for Daily P&L production, Core reconciliations, Month end close and BSRS.
• Should be able to substantiate daily and monthly adjustments held in P&L and control accounts.
• Help to guide and train Associate Manager and Specialist in the team to ensure efficient process.

Strategy

• Review monthly balance sheet, with substantiation and potential financial exposure.
• Review/Prepare various reconciliation reports, management packs and adhoc reports.
• Posting and 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.

Business

• Ensure adherence to SLA’s, KPI’s , Internal metrics & FMG wide policies.
• Identify/ manage risk and control breakdowns.
• Develop & maintain effective and standard processes. Maintain KOP’s/DI’s.
• Support change project initiatives and conduct User Acceptance Testing for enhancements to current systems or migration to new system.
• Production of monthly packs and assist in implementation of sound controls and consistent processes around Monthly packs.
• Balance Sheet & RWA forecast for Corporate Finance
• Client Analytics – Understanding Client performance, relationship, and resource consumption.
• Production and validation of CF scorecards for measuring business performance.
• Bespoke analysis surrounding ledger and client balances and helping the business achieve its target

Processes

• 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. Ensure adherence to SLA’s, KPI’s, Internal metrics & FMG wide policies.

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 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.

Risk Management

• Ensure appropriate controls and reviews are maintained for Daily P&L production, Core reconciliations, Month end close and BSRS.

Key Stakeholders

• Regular face off with Deal Team, 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.

Other Responsibilities

• Embed Here for good and Group’s brand and values in team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats);

Skills and Experience

• Communication
• Accounting
• Product Control

Qualification

• CA/MBA/CFA/FRM/ACCA with 8-10 years of work experience

About Standard Chartered

We’re an international bank, nimble enough to act, big enough for impact. For more than 170 years, we’ve worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you’re looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can’t wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you’ll see how we value difference and advocate inclusion.

Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies – everyone feels respected and can realise their full potential.

For further information, and to apply, please visit our website via the “Apply” button below.