Product Control are the Financial Guardians of the Bank%26#39;s trading activities. We are a global function employing around 800 people, present in offices across EMEA, APAC and the Americas. Our crucial role is fulfilled by ensuring complete, accurate and timely P&L, Balance Sheets and analysis. We also conduct the independent validation of the value of our trading portfolios and work with the businesses and the new business product groups to evaluate & integrate new products and businesses into our financial environment in a controlled manner. Product Control also guards the banks trading activities via the provision of reliable and relevant financial information provided to the business managers, external business partners and other relevant internal constituents. Importantly, we also execute controls to detect unauthorized trading or unusual activity and reporting in a timely manner to senior management.
We are a department that values Diversity and Inclusion (D&I) and are committed to realizing the firm D&I ambition which is an integral part of our cultural values
Pune based role with responsibilities and oversight for Business Financial Officer (BFO) functions. Products are wide ranging – spanning Fixed Income, FX, Credit, Commodities and Equity products.
Below are the responsibilities of BFO function

  • Detailed review of P&L production processes including: FOBO Review, P&L Analysis, P&L Reporting, P&L Commentary & Month End Cut Off Controls.

  • Seek to take ownership of issues that arise from the day to day and monthly processes with a view to resolving these in an efficient and timely manner.

  • Validation and control around the PnL & Balance Sheet with a license to challenge valuation and accounting methodologies, residual trading and operational risks and the overall impact on the bank.

  • Analytically evaluate the performance of trading desks to help prepare commercial and business focused commentary for the use of senior management and regulators.

  • Obtaining and understanding of the underlying businesses and develop, maintain and govern an effective control framework.

  • Prepare and review key disclosures from accounting disclosure such as Fair Value levelling (FAS 157) to regulatory disclosures.

  • Validate and substantiate that new trades are accurate through Structured Trade Reviews, New Deal Reviews, New Business Initiatives and the Pre Trade Approval process.

  • Develop and drive a change agenda with a focus on not only delivering efficiencies but also to meet an ever challenging regulatory environment.

  • Build and manage positive relationships and represent the PC agenda in meeting with functions such as Front Office, COO, CFO Change, Financial Reporting, Central Reporting etc.


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