Job Description*
Primary products covered will include: All Equities based products
Responsibilities*
Primary products covered will include: All Equities based products.
- Ownership of the Team’s daily & Monthly processes
- Production and reporting of daily P&L to Front Office & Senior Management.
- Reconcile actual P&L with trader estimates and provide flash/actual variance analysis.
- Working closely with the trading desks on position, P&L or other issues on an ad-hoc basis.
- Front-to-Back analysis & reconciliations of front office P&L and balance sheet to firm sub-ledgers,
- Assist with execution of month-end controls ensuring management vs financial P&L variances are within thresholds
- Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries.
- Development & continuous improvement of existing processes & workflow.
- Testing / UAT for systems work ranging from minor system releases to major system implementations.
- Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk.
- Ensure validity of allocated/attributed balances as well as internal funding charge
- Determining and implementing appropriate accounting policies and procedures with Accounting Policy
- Managing key legal entity, regulatory and PL issues with the business
- Month end Close, including Financial disclosures, calculation / recording accounting classification entries
- Contributing to Governance process, operational error reporting and support of other internal control process, including Self-Identified Audit Issue and Operational Risk remediation
Operational Effectiveness
- Leading role in driving team projects, including automation and process enhancement
- Ensure all front to back breaks are understood, and escalated in accordance with standards
- Ensuring a minimum of manual, standalone processes are maintained. Where tactically used, ensuring a strategic solution is being sought.
- Accurate analysis and recording of operational loss events
Business Partnering
- New Product Review - Involvement in completion of New Product Review documentation for new businesses / products proposed by your trading desk, and the implementation of systems and process changes / improvements that are required
- Development and production of Financial Reporting for business reviews
- Review Monthly financial and key performance metrics with Business and discuss key business strategy and plan
Requirements*
Education Qualification: Postgraduate degree or accounting qualification (e.g. Chartered Accountant – CA, CFA L-3, FRM, MBA from Tier 1 Institutes etc.)
Certifications If Any NA
Experience Range*
10-12 Years of Industry, Finance or Product Control, Valuation control or market risk experience
Foundational skills*
- A good leader with efficient people management skills
- Strong communication, organization, presentation and interpersonal skills, be able to establish strong working relationships with a board range of stakeholders, ability to influence team at remote locations
- Strong business sense and control mindset, demonstrable risk identification and management
- Strong analytical and problem-solving skills with a demonstrated ability to analyze business processes and workflows and deliver required project to a high standard
- Ability and confidence to tackle new concepts and ideas associate with ongoing change in the business
- Ability to build SME knowledge within the group - provide appropriate level of business, product & process training to the peers & teams
- Ability to juggle multiple tasks and responsibilities
- A ‘Can do’ attitude, self-driven and proactive, be innovative and have the ability to generate new and creative ideas
- Attention to detail, strong Excel skills, good working knowledge of accounting concepts
- Good understanding of Global Market business and relevant experience is preferred
- Candidates with emerging technology (Alteryx, Tableau, Workvia) experience is preferred
Desired skills*
- Demonstrated ability to work in a high-pressure environment
- Takes initiative and challenges existing processes and procedures in a proactive manner
- Strong team player
- Ability to analyze issues independently and derive solutions
Work Timings*
Weekly Offs: Saturday & Sunday
Timing: 8:00 AM to 5:00 PM
Job Location*
Mumbai/ Gurugram