Controllers within the Corporate Investment Banks Finance and Business Management (“CIB F&BM”) organization are responsible for ensuring the overall integrity and validity of the financial statements and controls over the transaction cycle. Specifically, the Controllers organization is responsible for ensuring the overall integrity and validity of the financial statements and controls over the transaction cycle; performing critical reporting functions for the organization; daily P&L reporting; daily risk reporting; legal entity, financial and regulatory reporting, as well as product valuation.
The Corporate & Investment Bank Treasury (“CIBT”) group is a critical function within CIB F&BM. It is responsible for managing the liquidity and capital positions of the Corporate & Investment banking businesses, establishing transparent and market-based funds transfer pricing policy, and developing methodologies and metrics to improve the collateral and liquidity risk management capabilities of the investment bank. CIBT interacts heavily with Corporate Treasury in developing consolidated liquidity risk metrics and coordinating analysis and reporting for regulators and rating agencies on related topics. Additionally, the group is responsible for managing the CIB’s Funding Valuation Adjustments (“FVA”) and Debit Valuation Adjustments (“DVA”).
We are currently recruiting for a VP Level Product Control lead which will be part of CIBT Product Control team.
Ø Management of the daily & monthly Funds Transfer Pricing (FTP) calculations, reporting and analytics.
Ø Implementation of Strategic FTP Technology platform.
Ø Participating in the CIB FTP impact under CCAR / ICAAP stress tests
Ø Developing Daily P&L aggregation process for Treasurer sign-off
Ø Liaising with LOBs on FTP policy charges and relevant impact analysis
Ø Interacting with CIB Treasury Markets teams relating to FTP policy, CIB funding and P&L results.
Ø Working with CIBT Financial controllers, business aligned finance teams, and all areas within Treasury to achieve strategic objectives
Partnering with CPG Product Control to ensure consistent and controlled reporting of FVA.
- Managing the SVA3/TLAC allocation process, to ensure appropriate incentivizing of the businesses under the new liquidity, leverage and capital rules.
- Enhancing current reporting, controls and analysis as it relates to leverage asset reporting.
Drive the build-out of Regulatory process viz External Reporting, Volcker etc for CIBT Business.
The candidate must have previous product control experience
Strong technical skills (P&L, Risk, Funds Transfer Pricing, Control concepts, Accounting)
Good organizational/ project management skills
Strong analytical skills and attention to details.
Good Communication and influencing skills
6 + years’ experience in financial services with significant Product Control experience.