Vice President, Group Risk Management - Product Control & Governance

  • Competitive
  • Singapore
  • Permanent, Full time
  • United Overseas Bank
  • 2018-05-19

Vice President, Group Risk Management - Product Control & Governance

Product Control and Governance is the function in Group Risk Management responsible for P&L Reporting and Attribution, P&L Reconciliations, Valuation Controls, Market Data & Book Controls and Structured Products governance.

This role is responsible for furnishing accurate and timing P&L reporting to the Global Markets business, covering the following desks, namely the Equities Solution, Commodities, Retail Solution, Cross Asset Structuring, Fixed Income & Credit Derivatives, FX and FXO.

  • Provide daily P&L reporting to the Trading desks, furnish with the P&L commentary.
  • Reconcile daily P&L to the Trader's estimate and explain any P&L variance beyond the threshold.
  • Perform daily P&L attribution process to explain the drivers of P&L movements.
  • Conduct P&L stop-loss monitoring to ensure there is no breach against the approved threshold.
  • Perform daily Knock-In Knock-Out barrier monitoring, check against trader's decision and match with the trade bookings.
  • Monitor daily option event, check to ensure underlying trade has been created post option exercised.
  • Support new product rollout, to involve in the review and update any changes to the existing workflow.
  • Compute month-end reserve and provide figures to post into the ledger.
  • On a monthly basis, to reconcile the P&L against output from the ledger and explain the P&L differences. Post reconciliation, to make adjustment to the reported P&L or ledger where necessary.
  • A degree or professional qualification in accounting, business, or related fields;
  • Must possess at least 8-10 years of experience in Product Control.
  • Good understanding of the global market products including commodities, equity derivatives, rates, fixed income and credit derivatives.
  • Act as a team player and yet able to work independently to meet the deliverables.
  • Able to work within tight timelines.
  • Good organizational skills and ability to multi-task; and
  • Good analytical, communication and writing skills.

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