Job Description
The Role Responsibilities
• Develop and maintain appropriate policies and procedures which ensure the accounting, management and financial reporting integrity of the trading desks balance sheet and P&L.
• Independently assess the valuation and associated uncertainty of assets and liabilities within business, specifically continuing the evolution and ensuring the integrity of the IPV and Fair Value reserving processes.
• Develop and execute appropriate procedures for Balance Sheet Reconciliation and Substantiation.
• Balance Sheet Substantiation includes multiple processes including reconciliation (at a transactional or at a balance level) of the account, a process of review of the reconciliation and any pertinent supporting documentation and a formal certification (sign-off) of the account in a predetermined form driven by corporate policy.
• Review the work for junior members of the team & ensuring the team follows robust controls and governance framework.
• Employ, engage and retain high quality people, with succession planning for critical roles.
• Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from team members and work in collaboration with risk and control partners.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
Key Stakeholders
• Regular face off with Traders, Product Control Management, Regional finance team and various internal stakeholders.
• Act as a point of reference for team members and internal clients.
• Manage relationship with internal stakeholders, take regular feedback, anticipate and understand issues and escalate appropriately for timely resolution.
• Manage strong relationship with support teams (IT, Operations and Risk) and bring synergies by interacting and integrating with cross functional teams.
People Responsibilities
• Maintaining a pleasant workplace environment which is motivating and enables high performance within team.
• Monitoring people performance, providing timely feedback, performing annual and mid-year appraisals. (including people development, pipeline / skills monitoring, and training programs).
• Manage leaves and attrition, create enough backup / cross trainings.
• Minimise dependency on key people by cross training and succession planning.
• Leverage upon knowledge and skills sitting with other teams at same location or similar team sitting across the globe.
• Enable movement of people as and when required to manage resourcing across Product Control.
• Manage career and growth expectations of people.
Our Ideal Candidate
• Educated to degree level; preferably with a Finance / Business OR Financial Engineering background or Masters degree in a quantitative subject
• 10 years of professional experience in a financial service industry.
• Strong quantitative analytical skills and understanding of financial products.
• Strong Product knowledge at across the core business products.
• Strong interpersonal, communication (verbal and written) and negotiating skills.
• Strong interpersonal communication skills to build an effective internal network across the numerous stakeholders.
• Strong Control mindset.
Role Specific Technical Competencies
• Financial Markets
• Treasury knowledge
• Accounting and IFRS knowledge
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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:
• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
• Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum
• Flexible working options based around home and office locations, with flexible working patterns
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website
• Develop and maintain appropriate policies and procedures which ensure the accounting, management and financial reporting integrity of the trading desks balance sheet and P&L.
• Independently assess the valuation and associated uncertainty of assets and liabilities within business, specifically continuing the evolution and ensuring the integrity of the IPV and Fair Value reserving processes.
• Develop and execute appropriate procedures for Balance Sheet Reconciliation and Substantiation.
• Balance Sheet Substantiation includes multiple processes including reconciliation (at a transactional or at a balance level) of the account, a process of review of the reconciliation and any pertinent supporting documentation and a formal certification (sign-off) of the account in a predetermined form driven by corporate policy.
• Review the work for junior members of the team & ensuring the team follows robust controls and governance framework.
• Employ, engage and retain high quality people, with succession planning for critical roles.
• Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from team members and work in collaboration with risk and control partners.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
Key Stakeholders
• Regular face off with Traders, Product Control Management, Regional finance team and various internal stakeholders.
• Act as a point of reference for team members and internal clients.
• Manage relationship with internal stakeholders, take regular feedback, anticipate and understand issues and escalate appropriately for timely resolution.
• Manage strong relationship with support teams (IT, Operations and Risk) and bring synergies by interacting and integrating with cross functional teams.
People Responsibilities
• Maintaining a pleasant workplace environment which is motivating and enables high performance within team.
• Monitoring people performance, providing timely feedback, performing annual and mid-year appraisals. (including people development, pipeline / skills monitoring, and training programs).
• Manage leaves and attrition, create enough backup / cross trainings.
• Minimise dependency on key people by cross training and succession planning.
• Leverage upon knowledge and skills sitting with other teams at same location or similar team sitting across the globe.
• Enable movement of people as and when required to manage resourcing across Product Control.
• Manage career and growth expectations of people.
Our Ideal Candidate
• Educated to degree level; preferably with a Finance / Business OR Financial Engineering background or Masters degree in a quantitative subject
• 10 years of professional experience in a financial service industry.
• Strong quantitative analytical skills and understanding of financial products.
• Strong Product knowledge at across the core business products.
• Strong interpersonal, communication (verbal and written) and negotiating skills.
• Strong interpersonal communication skills to build an effective internal network across the numerous stakeholders.
• Strong Control mindset.
Role Specific Technical Competencies
• Financial Markets
• Treasury knowledge
• Accounting and IFRS knowledge
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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:
• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
• Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum
• Flexible working options based around home and office locations, with flexible working patterns
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website
💡 Quick Summary
Seeking a career-building opportunity? The Vice President| Product Control position is now open for candidates interested in the Bank Jobs sector. This role in Bangalore 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.
