Overview
Vice President Transaction Service – Product Control
Job Description:
– Strong VPs (2+ years of experience as VP) – AVP looking for next level are strictly not preferred.
– Responsible for the daily P&L production and analysis along with ensuring integrity of BalanceSheet 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]
– Analysis 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 strategy