Job Description
We Offer
Join us as a Product Controller in the Chief Financial Officer (CFO) Team. Our primary responsibility is to ensure complete, accurate and timely reporting of the Firm’s P&L, Balance Sheet along with detailed Analysis. Product Control also guards the banks trading activities via the provision of reliable and significant financial information provided to the business managers, external business partners and other relevant internal constituents.
PCA Valuation Controllers Provide The Below Core PCA Services For Risk Factors In Scope
Product Control Analytics (PCA) are responsible for consolidating core production and analytics processes. They solve for commonality, breaks silos, and deliver consistent approaches and output to meet minimum standards.
• Independent Price Verification (IPV): Key control to ensure the firm’s trading and banking assets and liabilities are correctly valued. Failure may lead to misstatement of the firm’s financial statements, risk information and regulatory reporting. IPV results are escalated to Product Control Management and Front Office ensuring appropriate actions can be taken where differences arise. PCA responsibilities include formulating and conducting independent price verification processes.
• Valuation adjustments are made to ensure the firm’s positions are marked at their appropriate Fair Value in order that the financial statements are accurate. Fair Value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between participants at the measurement date. PCA responsibilities include the calculation of valuation adjustments and partnering with VRC / BFD functions to escalate material moves and changes, benchmarking and uncertainty calculations for risk factors in scope.
• Prudent Valuation is a regulatory requirement to quantify Valuation Uncertainty for Fair Valued positions in PRA/EBA regulated entities in scope. The high-level requirement is to calculate the Fair Value to a +0% confidence level with the difference to the Fair Value Books & Records taken as a direct reduction of from Tier 1 Capital. PCA Valuation will calculate additional valuation adjustments (AVA) for risk factors in scope, in accordance with documented methodologies and submit complete and accurate reporting templates (COREP) to the PCA PruVal reporting team.
• Governance: Execute controls to detect unauthorized trading or unusual activity and escalate in a timely manner to senior management. Reporting and escalation of IPV and valuation issues at the relevant meetings/forums. Identification and review of Significant Unobservable Parameters and Prices (SUPP) by the SUPP process. Compliance with PCA related SOX requirements.
Role
This is a critical role within PCA Globally. Usually involvement is concentrated in the 1st and 3rd weeks of the month. The tasks performed by this team cover all the Regions. Expectation is that the skills should be fungible across asset classes. PCA employees are afforded the opportunity to develop a full suite of Product Controller skills with a career path that spans all title levels.
Your future colleagues
Product controllers are the financial guardians of the bank’s sales and trading activities. You will join a global function employing around 750 people, present in locations across EMEA, APAC, SWISS and the Americas. Our team consists of individuals from diverse background who are result oriented, collaborative, proactive, and with a strong control mindset. We are looking for individuals having strong analytical skills, a positive attitude with the ability to communicate complex issues in a simple and effective manner. We are a department which values Diversity and Inclusion (D&I) and is committed to realizing the firm’s D&I ambition which is an integral part of our global cultural values.
You Offer
Roles in Product Control Analytics are business facing, technical and detail oriented. Hence even managerial positions will require candidate to undertake hands – on tasks.
We are looking for candidates with following background / experiences:
• 5 to 10 years of relevant Investment Banking experience, preferably in Finance or Product control functions.
• Advanced degree in Accounting, Finance, Mathematics, Engineering. Professional qualifications such as CA, CPA, CFA, FRM, CQF, Data Science course, Six Sigma, etc. would be an advantage.
• Sound understanding of capital market products including simple and complex financial derivatives, including their valuation, risk drivers, and the accounting principles underpinning them.
• Proficiency in MS Office is expected. Knowledge of SQL, VBA, Python, R, Qlik etc. would be an advantage.
• Dedication to fostering an inclusive culture and value diverse perspectives
India-Pune-Pune
22+182
Join us as a Product Controller in the Chief Financial Officer (CFO) Team. Our primary responsibility is to ensure complete, accurate and timely reporting of the Firm’s P&L, Balance Sheet along with detailed Analysis. Product Control also guards the banks trading activities via the provision of reliable and significant financial information provided to the business managers, external business partners and other relevant internal constituents.
PCA Valuation Controllers Provide The Below Core PCA Services For Risk Factors In Scope
Product Control Analytics (PCA) are responsible for consolidating core production and analytics processes. They solve for commonality, breaks silos, and deliver consistent approaches and output to meet minimum standards.
• Independent Price Verification (IPV): Key control to ensure the firm’s trading and banking assets and liabilities are correctly valued. Failure may lead to misstatement of the firm’s financial statements, risk information and regulatory reporting. IPV results are escalated to Product Control Management and Front Office ensuring appropriate actions can be taken where differences arise. PCA responsibilities include formulating and conducting independent price verification processes.
• Valuation adjustments are made to ensure the firm’s positions are marked at their appropriate Fair Value in order that the financial statements are accurate. Fair Value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between participants at the measurement date. PCA responsibilities include the calculation of valuation adjustments and partnering with VRC / BFD functions to escalate material moves and changes, benchmarking and uncertainty calculations for risk factors in scope.
• Prudent Valuation is a regulatory requirement to quantify Valuation Uncertainty for Fair Valued positions in PRA/EBA regulated entities in scope. The high-level requirement is to calculate the Fair Value to a +0% confidence level with the difference to the Fair Value Books & Records taken as a direct reduction of from Tier 1 Capital. PCA Valuation will calculate additional valuation adjustments (AVA) for risk factors in scope, in accordance with documented methodologies and submit complete and accurate reporting templates (COREP) to the PCA PruVal reporting team.
• Governance: Execute controls to detect unauthorized trading or unusual activity and escalate in a timely manner to senior management. Reporting and escalation of IPV and valuation issues at the relevant meetings/forums. Identification and review of Significant Unobservable Parameters and Prices (SUPP) by the SUPP process. Compliance with PCA related SOX requirements.
Role
This is a critical role within PCA Globally. Usually involvement is concentrated in the 1st and 3rd weeks of the month. The tasks performed by this team cover all the Regions. Expectation is that the skills should be fungible across asset classes. PCA employees are afforded the opportunity to develop a full suite of Product Controller skills with a career path that spans all title levels.
Your future colleagues
Product controllers are the financial guardians of the bank’s sales and trading activities. You will join a global function employing around 750 people, present in locations across EMEA, APAC, SWISS and the Americas. Our team consists of individuals from diverse background who are result oriented, collaborative, proactive, and with a strong control mindset. We are looking for individuals having strong analytical skills, a positive attitude with the ability to communicate complex issues in a simple and effective manner. We are a department which values Diversity and Inclusion (D&I) and is committed to realizing the firm’s D&I ambition which is an integral part of our global cultural values.
You Offer
Roles in Product Control Analytics are business facing, technical and detail oriented. Hence even managerial positions will require candidate to undertake hands – on tasks.
We are looking for candidates with following background / experiences:
• 5 to 10 years of relevant Investment Banking experience, preferably in Finance or Product control functions.
• Advanced degree in Accounting, Finance, Mathematics, Engineering. Professional qualifications such as CA, CPA, CFA, FRM, CQF, Data Science course, Six Sigma, etc. would be an advantage.
• Sound understanding of capital market products including simple and complex financial derivatives, including their valuation, risk drivers, and the accounting principles underpinning them.
• Proficiency in MS Office is expected. Knowledge of SQL, VBA, Python, R, Qlik etc. would be an advantage.
• Dedication to fostering an inclusive culture and value diverse perspectives
India-Pune-Pune
22+182
💡 Quick Summary
Seeking a career-building opportunity? The PC Line Valuation| AVP position is now open for candidates interested in the Bank Jobs sector. This role in Pune offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.