Monday, January 17, 2011

AVP/VP – Product Controller (Emerging Market Rates – Wholesale Banking)

• Major European Bank

• Leader in Global Banking and Financial Services

• Excellent Career Development and Regional Exposure

Our client is a major European Banking looking to hire a dynamic AVP/VP to support the Product Control framework within Asia Pacific Finance and specifically, to be the Product Controller for the Local Markets Rates business.

Key responsibility:

• Daily PL Decomposition and PL commentaries

• Reconciliation to Trader Flash and liaise with the business on resolution of p/l discrepancies and valuation issues.

• New product review and valuation testing.

• Daily and month end reconciliation of reported PL to GL

• Coordination with Local Markets Finance regionally for GL-related issues/queries

• Balance sheet substantiation and ownership

• Daily P&L production for front office sign off & reconciliation to traders’ estimate

• Reviewing daily key controls reports and reconciliations

• Commentary on day on day P&L moves, large Day 1 PL and analysing P&L by driver

• Liaison with the trading floor to ensure the timely and efficient resolution of trader queries and provision of other business support

• Liaison with Market Risk, Operations and other Finance teams to ensure the timely and efficient resolution of queries

• Support BUC core values and behaviours

• Management commentary on the desk’s performance.

• Month-end closing (brokerage reporting, currency sell down, key reconciliations etc)

• Balance Sheet Substantiation and account ownership

• Independent pricing verification

• Bid offer reserving and other valuation adjustments

• Maintaining a good working relationship with the Front Office, Singapore Finance, IT & Operations

• Ensure that process documentation is kept up to date

• Provide support and cover to the Rates Product Control team in Singapore • 

• Project work covering controls enhancement, efficiency initiatives and strategic developments in order to provide business advantage

• Mentoring of more junior team members

The ideal candidate should be degree qualified in Accountancy with 5-7 years of relevant experience and exposure to interest rates derivative markets. Detailed knowledge of interest rate products valuation mechanics. Good Microsoft EXCEL & Access skills.

To apply, please submit your resume to Angelin Soon at as@kerryconsulting.com, quoting the job title and reference number AS2795. We regret only successful shortlisted candidates will be contacted.


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