• Up to GBP1.0 per annum
  • Singapore
  • Temporary, Full time
  • Standard Chartered Bank Singapore
  • 20 Apr 18

Manager, Product Control - 12 months contract (2 roles)

  • Location: Singapore
  • Salary: Up to GBP1.0 per annum
  • Job Type: Full time

We are currently looking for an energetic Product Controller.


Leading the way in International Banking. We support the people and companies driving investment, trade and wealth creation across Asia, Africa and the Middle East. And our heritage and values are expressed in our brand promise - here for good. See our Brand and Values

We are currently looking for an energetic Product Controller.

This role sits within the Product Control team supporting the Principal Finance business which include Private Equity, Real Estate and Mezzanine and Alternative Solutions (MAS) businesses.

The objective of Principal Finance is to invest in equity, mezzanine loans and real estate opportunities over a three to five year horizon across the key industry verticals of energy, resources and infrastructure in SCB's footprint markets of Asia, Africa and the Middle East.

Product Controllers at SCB provide a critical financial control and reporting function whilst also acting as business partners.

KEY RESPONSIBILITIES

  • Accountable for P&L recognition, balance sheet substantiation and financial control processes
  • Business support including advisory of accounting treatments for new acquisitions and divestments, providing inputs and insights into PF management and performance reporting and supporting ad-hoc business requests for information and analytics
  • Support the development, streamlining and maintenance of a robust control environment, ensuring adherence to the Bank's Financial Control and Operational Risk policies
  • Review and inputs into revenue, balance sheet and RWA forecasts and budgets for PF
  • Assist with the implementation and compliance with Group accounting policy
  • Support Group Finance requirements with regards to period-end reporting including position reporting, key structured transactions and key drivers of business financial performance and movements in investments valuations
  • Operational risk reporting and performance of Key Control Self Assessments (KCSA) relating to PF Product Control processes
  • Ensure correct accounting treatment for PF deals in accordance with IFRS, Group financial accounting policy and management reporting principles. Engagement with Technical Accounting and Valuation Control teams for their technical expertise in new deal review, accounting treatment and fair valuation of debt and equity investments and any associated derivatives.
  • Coordination of hedge documentation, regular review of hedge effectiveness, monitoring of hedge positions, mark-to-market movements and hedge accounting.
  • Review and reconciliation of financial statements for special purpose vehicles to SCB general ledger, including those prepared by external administrators.
  • Review of Carry Interest Plan (CIP) workings and IRR calculations relating to the PE portfolio and assist/coordinate Product Control sign-off on a quarterly basis.
  • Objective review of Product Control processes for PF and developing best practice.
  • Active discussions with Operations, Tax, in-country Finance and project teams to assist in resolution of operational issues, systems improvements and implementations and ensure consistent booking models are applied for PF

KEY RELATIONSHIPS - INTERNAL
  • CFO - CIB
  • Country Finance teams
  • Technical Accounting
  • Valuation Control
  • Group and Country Tax teams
  • Transfer Pricing teams
  • Principal Finance Central Team
  • Principal Finance Deal Team
  • Group Finance


KEY RELATIONSHIPS - EXTERNAL
  • KPMG
  • SPV Administrators

KEY MEASURABLES
  • A first class Product Control function, which continually seeks to challenge and improve standards.
  • Driving closer alignment between Product Control, Operations and in-country Finance teams.
  • The development and positioning of Product Control as a business focused function.
  • Efficiencies through streamlining and automation of processes
  • A robust control environment which will ensure the business continues to be restructured in a controlled manner.
  • A strong Product Control team with a coherent approach and strong focus on delivery


Singapore Singapore Singapore SG