Back to search

Vice President - Product Control(Transaction Services)

Bangalore Urban Permanent INR60 - INR65 per year View Job Description
The Product Control VP for Transaction Banking is responsible for daily P&L production, balance sheet integrity, and review of Cash Management and Trade products. This role involves understanding commercial aspects, ensuring consistent Pass Through Rates, and adhering to IFRS9 & IFRS15 standards. Key duties include stakeholder engagement, process streamlining, and supporting governance and audits.
  • Leading MNC Bank
  • Growth Opportunities

About Our Client

Leading MNC bank

Job Description

  • Responsible for the daily P&L production and evaluation along with ensuring integrity of Balance-Sheet of Transaction Banking [Cash Management and Trade products].
  • Understand the transactions booked in Trade products and Cash management business from a commercial aspect including Return on RWA.
  • Compute and build control to ensure consistent Pass Through Rate [PTR] in cash management business.
  • Deep understanding of various Trade Products such as Working capital Loans, Trade Loans, Open Account Financing, Import/Export Trade products [LC related products]
  • Review and reasoning of Daily, Weekly and month NIM fluctuations across the countries and Balance Sheet Movement.
  • New deal review and revenue recognition in line with IFRS9 & IFRS15 accounting standards.
  • Actively engaging with stakeholders across multiple functions and representing PC on various forums.
  • Responsible to oversee and review the BAU controls, reporting, and escalation process.
  • Production of periodic MI pack with commentaries.
  • Establishing best practice across various PC process, streamlining and automation.
  • Review of Key Control Indicators (KCI) and Control Sample Testing (CST).
  • Supporting control & governance, external audits and regulators queries.
  • Support new business initiative and help execute on management strategies.
  • Lead project delivery and represent Product Control in project forums.

The Successful Applicant

  • Educated to degree level; preferably CA / CFA / MBA in Finance
  • Product Control Experience of managing Banking book portfolio.
  • Strong command over IFRS9 and IFRS15.
  • Ability to work under constant pressure to tight deadlines and deliver high quality output.
  • Excellent interpersonal skills.
  • Analytical, Innovative and questioning mindset.
  • Minimum 10-12 yrs of experience with most recent 3 years in Product Control

What's on Offer

Competitive Compensation

Growth

Quote job ref
JN-062025-6764870

Job summary

Function
Banking & Financial Services
Sub Sector
Finance
What is your area of specialisation?
Financial Services
Location
Bangalore Urban
Job Type
Permanent
Job Reference
JN-062025-6764870

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.