Vice President, Commodities Product Control

Job Description

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 Treasury including Macro Product Control & Solutions.

We are seeking a dynamic and technically skilled professional to join our Product Control team as the Head – Commodities Product Control, reporting into the Global head of Macro Product control with a matrix to Global Head, Markets. This role will play a pivotal part in expanding the Bank's Macro Product capabilities, developing compliant and commercially effective strategies, and supporting IFRS 9 transition initiatives. The successful candidate will act as lead running the Macro PC center of excellence, working closely with Technical Accounting, Treasury, Product Control, and other key stakeholders to deliver best-in-class Macro Product Control solutions across the Group.

Key Responsibilities

• Manage the daily P&L production for Commodities, and to provide insights on Risk and Balance Sheet as well.
• Proactively identify and evaluate exposures across the Bank to expand Macro Product capacity; collaborate with business and other functions to achieve business outcomes
• Lead Proof-of-Concept (PoC) initiatives for new strategies, business models, sig trade reviews and new product approvals for the bank.
• Partner with Technical Accounting, Group Reporting, and Product Control to drive compliance with applicable accounting standards (e.g., IAS 39, IFRS 9).
• Build robust valuation models for hedged risks to support prospective and retrospective hedge effectiveness testing, in collaboration with Valuation Control and other key stakeholders.
• Drive system enhancement efforts by shaping hedge-related functionality, drafting business requirements (BRDs), and overseeing UAT activities with Product Control, Macro Change and IT teams.
• Design tactical interim solutions for early implementation of new strategies, including development of manual pricing logic and reporting processes, in partnership with Product Control.
• Collaborate closely with regional and cross-functional teams (e.g., Macro, local CFOs, TA, COO, VC) to deliver enterprise-wide Macro Product initiatives.
• Champion thought leadership, mentor peers, and support knowledge-sharing across regions.
• To lead, inspire and motivate the Macro Product Control team ensuring that everyone achieves their potential and that the team delivers its collective agenda.
• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from the team and work in collaboration with risk and control partners across the organization.

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.

Profile Description

Standard Chartered Bank

Skills Required

Cortex, ias 39 , Sabre, Valuation Models, Murex