Manager - Product Control
Job no: FMG-939770
Work type: Full time
Group: Financial Management Group
Recruiter: Shweta Arora
Product Control function supports 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 and month-end close, 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 a team 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, Month end close and BCS.
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 ad hoc 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 KOP’s/DI’s.
Support change project initiatives and conduct User Acceptance Testing for enhancements to current systems or migration to new system.
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.
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 programs)
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.
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 6-8 years experience (post qualification) in a financial service industry with at least 2+ 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.
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 Macquarie's businesses and senior management, managing Macquarie's funding, liquidity and capital position, ensuring Macquarie continues to meet regulatory and compliance obligations and managing Macquarie's 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.
Key to Macquarie's success is a unique structure and management style that fosters an entrepreneurial environment that is underpinned by a strong risk management framework, an approach that has contributed to its long history of success. This philosophy encourages a sense of ownership and entrepreneurial endeavour among our people and delivered value for clients.
Find out more about Macquarie at www.macquarie.com/careers
19 Apr 2018 India Standard Time
22 Aug 2018 India Standard Time
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