Deutsche Bank

Finances businesses and manages personal wealth

Product Controller Senior Analyst

Financial AccountingConfirmed live in the last 24 hours

Full-timeMumbai, Maharashtra, IndiaNo salary listedIn-person

About the Job

Requirements

Financial control and product control experience in investment banking is required.
A strong understanding of financial market products, including loans, bonds, credit, derivatives, cash equity, swaps, options, and futures is required.
Strong fixed-income product knowledge, including bonds, credit default swaps, total return swaps, interest rate swaps, and loans, is required.
Strong knowledge or experience of the front-to-back investment banking environment, from trade capture to balance sheet, is required.
Proficiency in Microsoft Office applications, particularly Word and Excel, is required.
Exposure to multiple front-office systems is required.
The candidate must be able to leverage artificial intelligence tools to enhance productivity and optimize workflows for business problems, while applying critical judgment and using data and artificial intelligence outputs responsibly and ethically.

Responsibilities

Produce, attribute, and analyze daily T+1 profit and loss accurately and on time.
Provide daily commentary and investigate variances for front-office traders and senior finance managers.
Investigate and resolve breaks, including model-versus-actual ledger cash and front-office or middle-office system-versus-trade-document discrepancies.
Resolve model risk control exceptions.
Ensure compliance with risk and control guidelines.
Respond promptly to queries and issues from finance directors, onshore management, front-office traders, financial control, and risk management stakeholders.
Understand trade flows and booking structures, and ensure trades are captured according to the defined structure to support accurate funds-transfer-pricing funding-cost allocation.
Perform month-end close activities, including SAP journals, reconciliations, balance-sheet substantiations, and reporting.
Perform quality assurance for team processes and regularly assess the effectiveness of checks.
Engage with change-the-bank and subject-matter experts to deliver change.
Act as the first level of escalation for team issues and stakeholder escalations.
Manage timely resolution of product reconciliation breaks and exception items.
Monitor exceptions, investigate them, and explain their causes.
Review balance-sheet substantiation.
Standardize processes across the business.
Provide key risk indicator summaries for the business area and remediation plans when service-level agreements are missed or issues exist.
Facilitate change-the-bank initiatives and drive continuous improvement within the team.
Ensure key operating procedures are reviewed for relevance and effectiveness on a timely basis.

Desired Qualifications

Knowledge of International Financial Reporting Standards or generally accepted accounting principles is preferred.
An MBA, Chartered Accountant, Certified Public Accountant, Association of Chartered Certified Accountants, Chartered Institute of Management Accountants, or Chartered Financial Analyst qualification is preferred.

Job Description:

In Scope of Position based Promotions.

Job Title- Product Controller Senior Analyst, AYST

Location- Mumbai, India

Role Description

The Business Finance function is responsible for the production of business level revenue attribution, financial accounting and financial disclosures.
It ensures, on a daily basis, the accurate and timely reporting of Profit and Loss (PnL) for each business unit and ensures that the drivers behind the risk positions and PnL are fully understood and explained.
It also ensures that all of the Bank’s transactions and positions are correctly reflected in the Bank’s accounting records and disclosures, in accordance with relevant accounting standards.

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy

Best in class leave policy
Gender neutral parental leaves
100% reimbursement under childcare assistance benefit (gender neutral)
Sponsorship for Industry relevant certifications and education
Employee Assistance Program for you and your family members
Comprehensive Hospitalization Insurance for you and your dependents
Accident and Term life Insurance
Complementary Health screening for 35 yrs. and above

Your key responsibilities

Responsible for the accurate and timely production of daily T+1 P&L production, attribution and analysis.
Providing daily commentary and variance investigation to Front Office traders and senior Finance managers
Break investigation and resolution: Model vs Actual (Ledger) Cash, FO/MO system vs trade docs etc
Model risk control exceptions resolution
Ensure compliance to risk and control guidelines.
Stakeholder management by prompt response to various queries/issues from Finance directors, onshore management, Front office traders, Fincon, Risk management, etc.
Understand trade flows, booking structures and ensure that the trades are captured in accordance with such defined structure which will enable accurate funding cost allocation through Funds transfer pricing.
Performs month end close activities- SAP journals, reconciliations, balance sheet substantiations and reporting
Performs QA function for processes within teams remit and regularly assesses the effectiveness of the checks
Engages with CTB/SME ( Change the Bank / Subject Matter Expert) in order to deliver change
First level of escalation for team issues and for stakeholder escalation
Manages the resolution of product reconciliation break/exception items in a timely manner
Monitoring of exceptions including investigation and explanation
Review of Balance sheet substantiation
Process standardization across business
Provides summary of KRI's for their business area and remediation plans where SLAs are being missed and/or where issues exist
Facilitates CTB initiatives and drives continuous improvement program within their team
Responsible for ensuring that KOPs are reviewed for relevance and effectiveness on a timely basis

Your skills and experience

Financial Control and product control experience in Investment Banking
Strong understanding of financial market products such as Loans, Bonds, Credit, derivatives, Cash Equity, Swaps, Options and Futures.
Solid Fixed Income product knowledge i.e. Bonds, CDS, TRS, IRS & Loans.
IFRS/GAAP knowledge is preferred
Strong knowledge / experience of front to back Investment Banking environment (trade capture to balance sheet)
Ability to manage time effectively, prioritizes responsibilities, and escalates issues as necessary.
Proficient in Microsoft Office applications, strong Word and Excel skills required
Exposure to multiple front office systems.

Education:

Preferably qualified MBA/Chartered Accountant / CPA / ACCA / CIMA / CFA.

Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.

How we’ll support you

Training and development to help you excel in your career
Coaching and support from experts in your team
A culture of continuous learning to aid progression
A range of flexible benefits that you can tailor to suit your needs

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.html

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.

About the Company

Deutsche Bank

Finances businesses and manages personal wealth

Deutsche Bank finances companies, governments and individuals through a global banking network rooted in Germany and spanning major financial markets. Its investment bank focuses on bonds and currencies, alongside advice on mergers and raising capital, while its private bank handles household banking and wealth management. Businesses use its cash management, trade finance and lending services to move money and fund operations, and the group manages investment funds through DWS. It earns money from loan interest, transaction and investment fees, and trading activity. Deutsche Bank traces its founding to 1870 and is headquartered in Frankfurt am Main, Germany.

Company size: 10,001+
Company stage: IPO
Headquarters: Frankfurt, Germany
Founded: 1870

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