• Vice President - Product Control Jobs in Gurgaon,India - 25320522

  • Macquarie Group
  • Save Job
  • 12 - 15 Years
  • Posted : above 1 month

Job Description:

Product Control function is responsible for Daily P&L reporting for the Commodities & Global Markets (CGM) business, operating in all major trading locations

The role will require expertise of financial products, understanding of business strategy, full ownership of P&Ls and core reconciliations, leading change management projects, strong people management skills as well the ability to communicate effectively at a senior level across the bank/FMG

Key responsibilities will include


Manage multiple teams covering various product categories and regions (Asset classes Equities, Fixed Income, Commodities, Treasury etc)
Ensure appropriate controls and reviews are maintained for Daily P&L production, Core reconciliations and Month end close
Ensure the teams are performing timely lockdown of daily and monthly P&L
Should be able to substantiate daily and monthly adjustments held in P&L and control accounts
Review monthly balance sheet, with substantiation and potential financial exposure
Review various reconciliation reports, management packs and adhoc reports
Review of month end Journals for accrual, provision and true up
Take responsibility for the quality of work submitted and ensure that the highest standards are maintained
Ensure adherence to SLAs, KPIs, internal metrics & FMG wide policies
Identify/ manage risk and control breakdowns
Develop & Maintain effective and standard processes Maintain SOPs/DIs

Stakeholder Management

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

People Management

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 program)
Manage leaves and attrition, create sufficient backup / cross trainings
Minimise dependency on key people by cross training and succession planning
Manage career and growth expectations of people
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

Change Management

Support change project initiatives and conduct User Acceptance Testing for enhancements to current systems or migration to new system
Continue focus to improve the process speed, accuracy, proactively identifying and eliminating operational risks
Coordinate for new migrations (if any) which include scoping of activities to migrated, identifying people resources, travel planning, transition planning, monitor training and obtaining sign-off from all stakeholders

About you

You are an experienced person in financial services and exposure to Trading desks, Product Control Management, Regional finance team and various internal stakeholders

We want to hear from you if you have

MBA, CA, CFA with a minimum of 12 years experience (post qualification) in a financial service industry with at least 3 years of People Management experience
Strong leadership skills and ability to manage teams
Control mindset and ability to identify and mitigate and control gaps
Good understanding of financial market products
Ability to develop, implement and maintain effective and standard operational processes
Excellent people and resource management skills
Excellent Interpersonal skills Should be able to communicate at all levels
Strong planning, negotiation and analytical skills
Excellent business writing and verbal English communication skills
Ready to travel & work in shifts
Overseas experience would be a plus

About us

The Financial Management Group provides financial, tax and treasury services to all areas of Macquarie The group is focused on providing strategic analysis and advice to Macquaries businesses and senior management, managing Macquaries funding, liquidity and capital position, ensuring Macquarie continues to meet regulatory and compliance obligations and managing Macquaries corporate communications and investor relations

Macquarie is a global provider of banking, financial, advisory, investment and funds management services, with offices in 28 countries We are a uniquely diverse business with deep specialist expertise

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Financial Services/Stockbroking, Banking
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Cost Accounting/ ICWA
Salary : As per Industry Standards
Deadline : 03rd Jun 2020

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