Manager/ Sr. Manager

Ikya Human Capital Solutions Pvt Ltd
  • Hyderabad, Pune
  • Confidential
  • 7-12 years
  • 09 Oct 2015

  • Operations, Finance/ Accounts

  • BPO/ ITES/ Call Centers
Job Description


Experience into Investment Banking.
Should have experience / Knowledge on Trade Operations, Trade Capture, Trade Review, Hedge Fund Accounting, Middle Office.
Good understanding of Equity products and their life cycles
Understanding of Front to back reconciliations and infrastructure
Investigation and correction of reconciliation breaks involving communication with onshore teams, other BUCs, operations, IT etc.
Understanding of T0 PnL and T1 PnL, Scallop attributed PnL and Risk sensitivity based PnL
Clear understanding of how to validate and substantiate PnL drivers, explaining in terms of book risk positions, PnL attributes and economic factors
Clear understanding of process and controls on Day 1 PnL, MTM PnL, Other Revenues and Expenses
Understanding of PnL Reporting and writing Commentary at group level
Hands on with Daily Balance sheet substantiation, investigation and commentary
Weekly PnL and Balance sheet commentaries explaining the key drivers
Clear understanding of reconciliation of Balance Sheet Accounts, evidence & signoff
Regular follow-ups & escalations on Red signoff balances and resolve on a timely basis
Understanding of posting rules and data flow & impact into PnL and Balance sheet
Fair understanding of Monthly IFRS and Fair Value PnL & Balance Sheet and its impact on reporting
Understanding of different Accounting standards and GAAPs
Fair understanding of 3 way reconciliation and investigation of breaks
Good accounting knowledge & experience in product control is a key

Perform key procedural controls on a daily, weekly & monthly basis
Review & signoff of daily PnL, commentaries, adjustments and review any key risks in the process
Review of weekly commentaries and provide sign off to senior management
Review of monthly balance sheet accounts and signoff as reviewer and ensure all open items are tracked to closure on timely basis
Review the IFRS Balance sheet and PnL and provide signoff on commentaries
Front to back understanding & implementation of various controls performed in Product control
Accountable for performance and associated risks for all activities performed within the service delivery group ensuring at a minimum all SLAs are met
Foster an environment that understands and effectively manages risk, abides by risk and control guidelines
Partnering with the change team and onshore stakeholders to deliver an optimum operating environment
Should possess knowledge on different quality tools and methodologies
Ensuring that the integrity of the operating environment meets audit and regulatory standard
Manage various stake holders expectations and be part of all supervision & governance calls
Liaison with other functions : Middle office, Front office, Other control groups, Auditors
Client management is a key and ensure surprise free operations
Sound Analytical skills in order to address issues and come up with right solution / RCA
Ensure Customer satisfaction and Employee satisfaction scores as per defined targets
Identify cost optimization / business impact oppurtunities
Conduct performance appraisals for team members provide input into the learning and career plans for team members
Involvement in recruitment, training and development, talent management and retention
Communication and escalation to onshore & offshore senior management
Sound interpersonal skills and coaching skills to help team on their personal development
Should possess team managing skills and should have handled a team in past
Should be able to adapt change and drive right behaviour with in the team

Work Experience and Skills required:

5-9 years of experience
Strong domain knowledge in the area of product control for Equity and Equity Derivative products like Swaps, Derivatives, Futures, Options
Excellent oral & written communication
Ability to ensure and deliver timeliness and quality of output
Strong in Microsoft Excel & other IB tools / applications
Direct client & team handling experience
Key role would be hands-on work on deliverables and review of tasks & controls
Timely completion of all self and teams deliverables as per clients expection

Good to Have:

Experience in P&L Reporting for an Investment Bank, specifically equities
Understanding of valuations for equity products
Understanding of a trading desk balance sheet, funding requirements
Knowledge of SAP and Business Objects would be beneficial
Experience in Fund Administration especially Hedge Funds
Experience in Trading through a brokerage firm
Green Belt trained / certified

Shifts: APAC / EMEA / US

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