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Vice President, Group Risk Management - Product Control & Governance
United Overseas Bank
May 16, 2018
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.