The Product Control unit provides full range of business finance support to Global Markets & Treasury division within ENBD H.O and subsidiaries. Key functions include PL reporting / attribution process, price testing & valuation adjustments, hedge accounting and effectiveness assessment, limit monitoring, financial control activities, market commentaries, technical accounting support for product roll outs, change management support and central liaison between Finance and other GMT stakeholders.
The Manager – Product Control is part of the Global Markets & Treasury Business Finance team responsible for leading a team and providing full range of product control services to the division.
Key Responsibilities:
- Stakeholder management – this involves developing / maintaining strong relationship with Global Markets & Treasury, Market / Credit Risk, Finance functions (BA, FR, Reg, Tax, other Business Finance streams), IT, Audit and Operations with objective of facilitating business support for the GMT division.
- Maintenance of control / compliance framework – continuously enhancing control framework, ensuring compliance with IFRS, Regulatory, Internal Bank policies
- Organization and further enhancement / optimization of product control activities such as: Daily desk level reporting, enhancing commentaries with market drivers, risk / PL attribution process, price testing activities, market conformity checks, stop loss limits, flash to actual PL analysis, resolving desk queries, IFRS 9 business model compliance checks, accounting classification checks, hedge accounting / effectiveness assessment processes, valuation adjustments, curve construction reviews, trade booking workflows, pre-trade rules in Calypso.
- Automation activities – review existing reporting landscape and formulate automation program, levering off existing IT solutions (MSBI, OACS etc).
- Closely working with foreign locations, to align service level to HO standards and cross train local finance functions
- Support FPA stream with provision of detailed commentaries within BS and PL, forward projection estimation and any analytics required for Business.
- Work closely with Treasury Middle Office on FX Risk transfer process, valuations from Calypso and Market data set up as these items impact reporting directly.
- Motivate and develop team to enhance both technical and soft skills.
Skills and Experience
- Accounting qualification
- Degree with specialization in Finance / Accounting
- CFA and/or FRM
- Between 8-10 years of post-qualification experience in the Business Finance function covering Markets and Treasury products / segment
- Exposure and deep understanding of Treasury products, its lifecycle, accounting treatment, risk management and Front to Back interfaces.
- Hedge accounting and IFRS 9 reporting
- Managing and organizing team
- Market / Credit / Capital risk management exposure
