Specialist, Product Control GBS

Job ID: 25818

Location: Bangalore, IN

Area of interest: Audit, Accounting & Finance

Job type: Regular Employee

Work style: Office Working

Opening date: 9 Apr 2025

Job Summary

• Monitoring of key controls/ processes around Daily Pnl & Balance Sheet (Asset classes: FX / FXO / Rates / Credit / Commodities / Treasury etc.)

• Ensuring that all controls are followed, completed, and reviewed in a timely manner

• Managing Stake holder expectations - Liaising with key stake holders such as Technology, Product Control line teams, in-Country Finance teams, COO, Risk teams and other finance and Ops teams within GBS

• Review of Daily/Month end reconciliations between the various TP systems and the General Ledger.

• Assist in the design, testing and implementation of TP data integrity / exception reports.

• End to End delivery of Monthly AvF Reconciliation.

• Ensuring that all controls are followed, completed, and reviewed in a timely manner.

• Review of month-end balance sheet substantiation of PC owned balances.

• To provide assistance with accurate Classification and Measurement of Financial Instruments as per IFRS 9.

• Ideation/Initiation of process simplification/Automation of daily processes.

• Maintenance of DOI for Daily P&L and AvF processes.

• Preparation of regular and ad hoc month end journals as part of ME book close

RESPONSIBILITIES

Strategy

• Ensure Awareness and understanding of the Group’s business strategy and model appropriate to the role

Business

• Awareness and understanding of the wider business, economic and market environment in which the Group operates

Processes

• Ensure processes for which the person is responsible is executed as required.

Key Responsibilities

People & Talent

• Lead through example and build the appropriate culture and values

• 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.

• Employ, engage and retain high quality people, with succession planning for critical roles.

• Responsibility to review team structure/capacity plans.

• 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.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group’s Values and Code of Conduct.

• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.

• Lead to achieve the outcomes set out in the Bank’s Conduct Principles

• Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.

Key Stakeholders

• Regular face off with Traders, Product Control Management, Regional finance team and various internal stakeholders within GFS.

• 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

Skills and Experience

• Communication

• Finance and Accounting

• Financial Market Products

Qualifications

• CA or MBA (Finance) from a reputed institution.

• 2+ years of experience in similar field.

• Good understanding of Accounting and Financial Markets products.

• Reasoning skills, hands on experience with PeopleSoft financials, SAP, MS Office & MS SQL will be an added advantage.

• Strong Control mindset.

• Strong interpersonal and communication (verbal and written) skill which help build an effective internal network across the numerous stakeholders. Strong interpersonal and communication (verbal and written) skill which help build an effective internal network across the numerous stakeholders

Industries: Banking, Financial Services, Insurance