AVP - Transaction Service Product Control

About Our Client

Leading MNC Bank

Job Description

Key Responsibilities

• Responsible for the daily P&L production and evaluation along with ensuring integrity of Balance-Sheet of Transaction Banking [Cash Management and Trade products].
• Understand the transactions booked in Trade products and Cash management business from a commercial aspect including Return on RWA.
• Compute and build control to ensure consistent Pass Through Rate [PTR] in cash management business.
• Deep understanding of various Trade Products such as Working capital Loans, Trade Loans, Open Account Financing, Import / Export Trade products [LC related products]
• Review and reasoning of Daily, Weekly and month NIM fluctuations across the countries and Balance Sheet Movement.
• New deal review and revenue recognition in line with IFRS9 & IFRS15 accounting standards.
• Actively engaging with stakeholders across multiple functions and representing PC on various forums.
• Responsible to oversee and review the BAU controls, reporting, and escalation process.
• Production of periodic MI pack with commentaries.
• Establishing best practice across various PC process, streamlining and automation.
• Review of Key Control Indicators (KCI) and Control Sample Testing (CST).
• Supporting control & governance, external audits and regulators queries.
• Support new business initiative and help execute on management strategies.
• Lead project delivery and represent Product Control in project forums.

The Successful Applicant

• Educated to degree level; preferably CA / CFA / MBA in Finance
• Product Control Experience of managing Banking book portfolio.
• Strong command over IFRS9 and IFRS15.
• Ability to work under constant pressure to tight deadlines and deliver high quality output.
• Excellent interpersonal skills.
• Analytical, Innovative and questioning mindset.
• Minimum 8-10 yrs of experience with most recent 3 years in Product Control