Manager, Product Control GBS

Job Summary

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

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

The individual will be responsible for:

• Help design and implement new control processes for businesses that currently do not have any Product Control function.
• To run the PC function of Korea FM and Treasury business
• Monitoring of key controls/ processes around Daily P&l & Balance Sheet
• Ensuring that all controls are followed, completed and reviewed in a timely manner
• Liaising with different stakeholders such as IT, Country and Business Finance teams, and Operations, to ensure timely resolution of the issues
• Review of Daily/Monthend reconciliations between the various TP systems and the General Ledger.
• Assist in the design, testing and implementation of TP data integrity / exception reports
• Review of month-end balance sheet substantiation of PC owned balances.
• Assist in implementation of sound controls and consistent processes to ensure adherence to IFRS9.
• To provide assistance with accurate Classification and Measurement of Financial Instruments as per IFRS 9.

Key Responsibilities

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

Skills and Experience

• Financial Markets Knowledge
• Accounting Knowledge
• IFRS Knowledge
• Excel Knowhow

Qualifications

• MBA, CA, CFA, ACCA with a minimum of 4-5+ years of experience (post qualification) in a financial service industry with at least 2+ years of People Management experience.
• Strong leadership skills and ability to manage teams
• Control mindset and ability to identify and mitigate and control gaps
• Good understanding of financial market products

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.