Vice President, Product Control, GBS

This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Job Summary

The Product Control VP for Transaction Banking is responsible for daily P&L production, balance sheet integrity, and review of Cash Management and Trade products. This role involves understanding commercial aspects, ensuring consistent Pass Through Rates, and adhering to IFRS9 & IFRS15 standards. Key duties include stakeholder engagement, process streamlining, and supporting governance and audits. The position demands strong reasoning skills and deep product knowledge.

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.

Qualifications

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

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.

Skills Required

Stakeholder Engagement, Automation, Product Control, Cash Management