Associate Product Control

Deutsche Bank; Mumbai; On-site; INR 1,500,000 - 2,300,000; Full time

Benefits offered by this job

Best in class leave policy

Gender neutral parental leaves

Sponsorship for Industry relevant cert

Employee Assistance Program

Hospitalization Insurance

Accident and Term life Insurance

Health screening 35 yrs. and above

Job summary

Deutsche Bank in Mumbai seeks a seasoned finance professional to support daily P&L, financial control, and reporting for financing products including loans, bonds and derivatives. You will manage ledger postings, perform break investigations and contribute to robust control processes.

Working in a fast-paced environment, you will summarize variance, provide timely commentary to Front Office and senior management, and ensure compliance with IFRS/GAAP and risk controls while coordinating with

Qualifications

• Financial control and product control experience in financing products and derivatives.
• Strong knowledge/experience of front to back Investment Banking environment (trade capture to balance sheet).
• IFRS/GAAP knowledge is preferred.
• Ability to manage time effectively, prioritizes responsibilities, and escalates issues as necessary.

Responsibilities

• Responsible for supporting daily P&L and monthly Financial Control activity with understanding of trade booking through physical and cash settlement and the corresponding financials.
• Perform break investigations like Model vs Actual (Ledger) Cash, FO/MO system vs trade docs; data analysis is essential.
• Produce daily T+1 P&L, attribution and analysis with timely commentary and variance investigations for Front Office traders and senior Finance managers.
• Ensure compliance with risk and control guidelines.
• Stakeholder management by prompt response to queries from Finance directors, onshore management, Front office traders, Fincon, Risk management, etc.
• Understand trade flows and booking structures to ensure accurate funding cost allocation through Funds transfer pricing.

Skills

Financial control

Derivatives knowledge

IFRS/GAAP knowledge

Front-to-back IB experience

Time management

MS Office proficiency

Team collaboration

Education

MBA/CA/CFA

Tools

Excel

Job description

The Business Finance function is responsible for the production of business level revenue attribution, financial accounting and financial disclosures for Financing products like Loans, Bonds and it's hedges such as Rates Swaps, Loan Insurance and TRS. It ensures, on a daily basis, the accurate and timely reporting of Profit and Loss (PnL) for each business unit and ensures that the drivers behind the risk positions and PnL are fully understood and explained. It also ensures that all of the Bank’s transactions and positions are correctly reflected in the Bank’s PnL and Balance Sheet and disclosures, in accordance with relevant accounting standards.

What we'll offer you

As part of our flexible scheme, here are just some of the benefits that you'll enjoy

• Best in class leave policy
• Gender neutral parental leaves
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

Responsible for supporting daily PL: and monthly Financial Control activity with understanding of trade booking through physical and cash settlement and the corresponding financials. Timely & accurate reporting of Ledger by taking manual journals, following robust control framework like FOBO, MAFA, Balance Sheet Substantiation and Balance sheet review.

• Problem solving like break investigation such as Model vs Actual (Ledger) Cash, FO/MO system vs trade docs etc and representing data analysis is critical for success in this role.
• Responsible for the accurate and timely production of daily T+1 P&L production, attribution and analysis.
• Providing daily commentary and variance investigation to Front Office traders and senior Finance managers
• Ensure compliance to risk and control guidelines.
• Stakeholder management by prompt response to various queries/issues from Finance directors, onshore management, Front office traders, Fincon, Risk management, etc.
• Understand trade flows, booking structures and ensure that the trades are captured in accordance with such defined structure which will enable accurate funding cost allocation through Funds transfer pricing.

Your skills and experience

• Financial Control and product control experience in Financing products and derivatives.
• Strong understanding of financial market products such as Loans/Bonds/TRS etc. Also ledger controls around Cash and Physical settlement.
• IFRS/GAAP knowledge is preferred
• Strong knowledge / experience of front to back Investment Banking environment (trade capture to balance sheet)
• Ability to manage time effectively, prioritizes responsibilities, and escalates issues as necessary.
• Proficient in Microsoft Office applications, strong Word and Excel skills required
• Need to be a good team player

Education:

• Preferably qualified MBA/CA / CFA.

Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.

How we'll support you

• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.html

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.