AVP- Product Control (Securitized Products)

Job Title: AVP- Product Control (Securitized Products)

Years of Experience: 5 + Years

Location: Chennai

Department: Finance Product Control

Purpose of the role:

• To oversee the financial aspects of trading activities, ensuring the accuracy and integrity of the bank's trading book, maintenance of compliance with regulatory requirements, and provision of insights into trading performance.  

Accountabilities:

• Reconciliation of daily profit and loss (P&L) figures for trading desks to ensure they align with the valued positions in the trading book, investigating and resolving discrepancies between P&L figures to ensure they reflect the true economic value of the trading portfolio.
• Support the identification, assessment, and mitigation of trading risks, and report on these financial risks to senior colleagues.
• Maintenance and analysis of the banks trading data, ensuring its accuracy, completeness and consistency, and provision of insights to traders and senior colleagues on trading performance.
• Preparation and submission of regulatory reports to authorities, and provision of support to external audits including addressing auditor queries and ensuring trading activities are appropriately reflected in financial statements.
• Effective communication of complex financial information to traders, risk professionals, senior colleagues, and external stakeholders.
• Cross functional collaboration to ensure a coordinated approach to trading activities.

Essential Skills/Basic Qualifications:

• Development and maintenance of valuation methodologies for various financial instruments, and implementation of appropriate valuation models based on the characteristics of the financial instruments and market conditions.
• Management of valuation process for the banks trading portfolio, including regular valuations of financial instruments and approval of valuations performed by colleagues.
• Analysis of market data to assess valuation inputs, assumptions, and potential valuation risks.
• Preparation and review of valuation reports, and support in preparing regulatory filings and financial statements.
• Provision of valuation insights to traders, risk professions and senior colleagues, and identification of areas for improvement in valuation methodologies and processes.

sunidhi.manhas@portraypeople.com