AVP Transaction Service - Product Control

About the position

The Product Control AVP for Transaction Banking is responsible for daily P&L production, balance sheet integrity, and review of Cash Management and Trade products. This role involves understanding commercial aspects, ensuring consistent Pass Through Rates, and adhering to IFRS9 & IFRS15 standards. Key duties include stakeholder engagement, process streamlining, and supporting governance and audits. The position demands strong reasoning skills and deep product knowledge.

Responsibilities

• Responsible for the daily P&L production and evaluation along with ensuring integrity of Balance-Sheet of Transaction Banking [Cash Management and Trade products].
• Understand the transactions booked in Trade products and Cash management business from a commercial aspect including Return on RWA.
• Compute and build control to ensure consistent Pass Through Rate [PTR] in cash management business.
• Deep understanding of various Trade Products such as Working capital Loans, Trade Loans, Open Account Financing, Import/Export Trade products [LC related products].
• Review and reasoning of Daily, Weekly and month NIM fluctuations across the countries and Balance Sheet Movement.
• New deal review and revenue recognition in line with IFRS9 & IFRS15 accounting standards.
• Actively engaging with stakeholders across multiple functions and representing PC on various forums.
• Responsible to oversee and review the BAU controls, reporting, and escalation process.
• Production of periodic MI pack with commentaries.
• Establishing best practice across various PC process, streamlining and automation.
• Review of Key Control Indicators (KCI) and Control Sample Testing (CST).
• Supporting control & governance, external audits and regulators queries.
• Support new business initiative and help execute on management strategies.
• Lead project delivery and represent Product Control in project forums.

Requirements

• Educated to degree level; preferably CA / CFA / MBA in Finance.
• Product Control Experience of managing Banking book portfolio.
• Strong command over IFRS9 and IFRS15.
• Ability to work under constant pressure to tight deadlines and deliver high quality output.
• Excellent interpersonal skills.
• Analytical, Innovative and questioning mindset.
• Minimum 8-10 yrs of experience with most recent 3 years in Product Control.

Benefits

• 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.