The Central PC Controls team is accountable for delivery of the end-to-end FM P&L (Financial Markets) product & valuation control functions in GBS and manage different strategic initiatives for FM PC. The Head of Central PC Controls works closely with the Business Line PC across FM Macro, GBS and the PC senior management team in Bangalore & Singapore to deliver the objectives of the function. Key Responsibilities Business Financial Controls: Responsible for the effective application of accounting and financial control policies and procedures for Global Financial Markets. Help FM to ensure that specific financial risks inherent in the processes involving complex derivative and other traded products are identified, monitored, controlled, and mitigated in a timely manner by developing and maintaining a product and valuation control function which meets the requirements of best practices in relation to the pricing, valuation, prudential valuation, stress testing and accurate P&L reporting of such products Work with the regional CFOs to ensure that the interfaces between FM transaction booking systems and country level accounting and regulatory reporting infrastructure are properly maintained and controlled New Products & Business Partnering: Supporting the introduction of new controls within FM and related pre and post execution governance. Providing insight with respect to structural and/or system changes and future business expansion/changes and their impact on business performance Regulatory & Audit Engagement: Leading PC Financial Markets engagement with Global and Regional Regulators and Statutory and Internal Auditors supporting all PC related queries, questionnaires, and audit Controls: Develop and maintain appropriate policies and procedures which ensure the accounting, management and financial reporting integrity of the Macro trading desks balance sheet and P&L. Responsible for designing, building and maintaining a robust control environment in respect of daily P&L reporting, P&L attribution and balance sheet substantiation Research market best practices and keep abreast of the evolving issues that affect the valuation of the FM business Balance Sheet Reconciliation and Substantiation: Develop and execute appropriate procedures for Balance Sheet Reconciliation and Substantiation. Balance Sheet Substantiation includes multiple processes including reconciliation (at a transactional or at a balance level) of the account, a process of review of the reconciliation and any pertinent supporting documentation and a formal certification (sign-off) of the account in a predetermined form driven by corporate policy. People and Talent: To manage, inspire and motivate the FM product and valuation control teams ensuring that everyone achieves their potential and that the team delivers its collective agenda Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from the team and work in collaboration with risk and control partners across the organization. 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. Strategic Initiatives: Provide thought direction and take accountability from Bangalore on different initiatives spanning - Technology (SABRE, Aspire, Razor, Stride), Regulatory (IBOR, ViR ) & Legal Entity Controls ( Emerald, Rubik ) Skills and Experience DESCRIPTION OF TECHNICAL COMPETENCIES Given the breadth of areas the role covers, it requires a high proficiency in a wide variety of topics, including Strong knowledge of accounting rules Strong quantitative reasoning skills and understanding of financial modelling Strong Control mind-set Strong Product knowledge at across the core business products. Strong interpersonal, communication (verbal and written) and negotiating skills. DESCRIPTION OF BEHAVIOURAL COMPETENCIES Strong interpersonal communication skills to build an effective internal network across the numerous stakeholders. Strong leadership qualities to manage, retain and mentor a large team spread across 2 locations and coach the next generation of leaders. Together we: Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing. Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations. Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum. Flexible working options based around home and office locations, with flexible working patterns. Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning. Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential. 30312
