Associate Manager, Product Control

Job Summary

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 oversee different strategic initiatives for FM PC.
The Head of Central PC Controls works closely with the Line PC over FM , GBS and the PC senior management team in Bangalore & Singapore to hand over the objectives of the function.

Main Responsibilities

Strategy
•    Review/Prepare a range of reconciliation reports, management packs and adhoc reports.
•    Posting 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.

Business
•    Support change project initiatives and conduct User Acceptance Testing for enhancements to current systems or migration to new system.
•    Guarantee adherence to SLA's, KPI’s, Internal metrics & FMG wide policies.
•    Pinpoint/ run risk and control breakdowns.
•    Build & uphold effective and standard processes. Keep up DOI's.
•    Carry out the reconciliations between different data sets for the migration of systems.
•    Execute the testing for all the test cases and highlighted the results in time to the management.
•    Quarterly substantiation of Financial Market balance sheet.
•    IFRS 9 classification of financial instruments, off balance sheet, and liabilities classification.

Processes
•    Tasked with running controls between system for Terada migration to Hadoop,
•    Testing of the results and sharing with senior management within the central team.
•    Communicate with the program team on regular intervals on the update of the migration.

Risk Management
•    Guarantee appropriate controls and reviews are maintained for Daily P&L production, Core reconciliations, Month end close and Balance sheet substantiation.

Regulatory & Business Conduct
•    Display exemplary conduct and live by the Group’s Values and Code of Conduct.
•    Take personal responsibility for embedding the highest standards of ethics, covering regulatory and business conduct, spanning Standard Chartered Bank. This includes understanding and guaranteeing compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
•    Successfully and collaboratively recognise, escalate, mitigate and resolve risk, conduct and compliance matters.

Main stakeholders
•    Regular face off with in PC a range of line teams, Product Control Management, Regional finance team and different internal stakeholders within GFS.
•    Act as a point of reference for team members and internal customers.
•    Handle relationship with internal stakeholders, take regular feedback, anticipate, and understand issues and escalate appropriately for timely resolution
•    Run solid relationship with support teams (IT, Operations and Risk) and bring synergies by interacting and integrating with cross functional teams

Competencies and Experience

•    Accounting rules
•    Control mind-set
•    Quantitative reasoning abilities
•    Product understanding
•    Interpersonal and communication skill

Qualifications

Education    
•    MBA, CA, CFA, ACCA with a minimum of 3+ years of experience (post qualification) in a financial service industry.
•    Control mindset and aptitude to recognise and mitigate and control gaps
•    Good understanding of financial market products

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our customers, communities, and each other. We question the status quo, love a challenge and enjoy finding new openings to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you team up with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the customer at the heart of what we do
• Never settle, continuously striving to strengthen 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 create for the long term

What we offer

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 such as 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 competencies, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your progress, with chances 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, over our teams, business functions and geographies - everyone feels respected and can realise their full potential.