AVP - Transaction Service Product Control
- Bangalore, Karnataka
- Permanent
- Full-time
- 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.
- 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