Global Head, Markets - Macro Trading and XVA PC

Overview

• The Product Control team, supporting Corporate and Investment Banking (CIB) business, ensures the integrity and accuracy of financial reporting and control. This team is crucial in managing and overseeing trading activities, providing insights and analysis to support the business. Acting as a bridge between the front office, market risk, technical accounting, and finance, the team ensures accurate recording, reporting, and analysis of financial data.

• Key responsibilities include designing and operating a robust control environment for Finance processes to maintain the integrity, valuation, and accuracy of the Bank’s records. The team drives the governance agenda and challenges the business constructively to support sustainable growth.

• The Product Control team interacts with various stakeholders such as the front office, market risk, technical accounting, finance, internal audit, compliance, operational risk, regulators, and external auditors. Essential skills for Product Controllers include in-depth knowledge of financial products, markets, and product accounting; proficiency in financial reporting and technical accounting; a strong understanding of financial controls and governance; and the ability to work collaboratively across departments.

• We are seeking a dynamic and technically skilled professional to join our Markets Product Control team as the Global Head of Markets Product Control, reporting into the Global Head of Product control and Valuation Control. This role will play a pivotal part in expanding the Bank’s Product and accounting capabilities, developing compliant and commercially effective strategies, and supporting various technology initiatives.

The successful candidate will act as lead running the Markets Product Control, working closely with Technical Accounting, Markets business, IRRBB, Liquidity, Capital, and other key stakeholders to deliver best-in-class accounting solutions across the Group.

• Strategy — Responsible for the effective application of accounting and financial control policies and procedures for CIB Markets business.
• Strategy — Help business to ensure that specific financial risks inherent in the processes involving Markets products are identified, monitored, controlled, and mitigated in a timely manner by developing and maintaining a controllership function which meets the requirements of best practices in relation to Markets business.
• Strategy — Spearhead the end-to-end design and implementation of Markets PC controllership.
• Strategy — Manage revenue recognition processes, ensuring alignment with IFRS9, IFRS
  15 and other regulatory requirements.
• Strategy — Identify opportunities for process enhancements and automation to improve efficiency and accuracy.
• Strategy — Participate in system upgrades and implementation of projects impacting Finance.

• Business Partnering — Partner with CIB and Markets CFOs to drive controllership.
• Business Partnering — Supporting the introduction of new products within respective businesses and related pre and post execution governance.
• Business Partnering — Providing insight with respect to structural and/or system changes and future business expansion/changes and their impact on business performance.

• Regulatory & Business Conduct — Leading Markets PC engagement with Global and Regional Regulators and Statutory and Internal Auditors supporting all Markets business related queries, questionnaires, and audits.
• Regulatory & Business Conduct — Ensure compliance with relevant accounting standards, regulatory requirements, and internal policies.
• Regulatory & Business Conduct — Prepare and review regulatory reports and disclosures.
• Regulatory & Business Conduct — Liaise with auditors and regulators to provide necessary information and support
• Regulatory & Business Conduct — Collaborate with front office, risk management, finance, and other key stakeholders.
• Regulatory & Business Conduct — Provide financial insights and support decision-making processes.
• Regulatory & Business Conduct — Communicate effectively with senior management on financial performance and control matters.

• Process Controls — Responsible for…