Manager, Product Control

Standard Chartered Bank; Malaysia; On-site; MYR 100,000 - 150,000; Full time

Benefits offered by this job

Core bank funding for retirement savings

Flexible working options

Proactive wellbeing support

Continuous learning culture

Inclusive and values-driven organisation

Job summary

Standard Chartered Bank in Malaysia is seeking a Head of Central PC Controls to oversee Financial Markets product control functions and lead strategic initiatives. You will work closely with teams in Bangalore and Singapore to ensure high-quality outputs.

Applicants should have a strong background in accounting and derivatives, alongside an MBA or equivalent with at least 4-6 years of relevant experience. The position offers flexible working conditions and a comprehensive benefits package.

Qualifications

• Minimum of 4-6 years experience in the financial services industry post qualification.
• Control mindset and ability to identify and mitigate control gaps.
• Good understanding of financial market products.

Responsibilities

• Prepare reconciliation reports and management packs.
• Support change project initiatives and conduct User Acceptance Testing.
• Ensure adherence to SLAs and policies.
• Identify and manage risk and control breakdowns.
• Conduct monthly balance sheet substantiation.

Skills

Accounting

Derivatives

Effective Communication

Financial and accounting systems

Internal Controls

Education

MBA, CA, CFA, ACCA

Job description

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 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.
• Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association (or equivalent)

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 raise appropriate 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

• Accounting
• Derivatives
• Effective Communication
• Financial and accounting systems
• Internal Controls

Qualifications

• MBA, CA, CFA, ACCA with a minimum of 4-6 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

What we offer

• 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 all sorts of 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.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies – everyone feels respected and can realise their full potential.

End Date: 31/08/2026

Candidates must be resident in Malaysia, or have the right to work in Malaysia.