Specialist, Product Control

Standard Chartered; Bengaluru; On-site; INR 900,000 - 1,400,000; Full time

Benefits offered by this job

Competitive salary

Flexi benefits

Annual leave and sabbatical options

Medical insurance

Wellbeing programs

Learning and development opportunities

Job summary

Standard Chartered in Bengaluru seeks a Senior Central PC Controls lead to drive end-to-end FM P&L and valuation control functions within FM PC. You will partner with line teams across FM, GBS, and PC senior management to deliver objectives from Bangalore and Singapore.

The role focuses on strategy, risk management, and reliable control processes, supporting regulatory compliance and cross-functional collaboration with IT, Risk, and Operations.

Qualifications

• MBA/CA/CFA/ACCA with 3+ years in financial services.
• Control mindset and ability to identify and mitigate control gaps.
• Good understanding of financial market products.

Responsibilities

• Review/Prepare reconciliation reports, management packs and adhoc reports.
• Post month-end journals for accruals, provisions and true ups.
• Ensure quality of work and maintain high standards.

Skills

Communication

Finance and accounting

Financial Market Products

Education

MBA

CA

CFA

ACCA

Job description

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

Key Responsibilities

Strategy

• Review/Prepare various 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.
• Ensure adherence to SLA's, KPI’s, Internal metrics & FMG wide policies.
• Identify/ manage risk and control breakdowns.
• Develop & maintain effective and standard processes. Maintain DOI's.
• Perform the reconciliations between different data sets for the migration of systems.
• Perform 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

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

Risk Management

• Ensure 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, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, elevate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

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

Skills and Experience

• Communication
• Finance and accounting
• Financial Market Products

Qualifications

Education

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

About Standard Chartered

We're a global bank connecting clients to our differentiated network, offering growth opportunities in the world's most dynamic markets. Our strategy, which combines cross-border capabilities and leading wealth management expertise, helps us deliver our purpose - to drive commerce and prosperity through our unique diversity.

Over our 170-year history, and across a unique geographical footprint connecting Asia, Africa and the Middle East to each other and the world, we've built a bank like no other, with diverse capabilities and partnerships that set us apart.

What We Offer

• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions, and geographies.
• 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 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 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.

Visit our careers website to learn more about us: www.sc.com/careers.