Head of Equities Mumbai Product Control recruitment

Position Overview:

• Responsible for leading Equities Product Control team in India.

• Equities Product control covers the following business divisions Cash, derivatives Prime services.

• Product Control is structured across three main regions AsiaPAC, Europe Middle East and Africa (EMEA) and North America.

• The role of Mumbai within this global architecture is to provide a centralized processing hub for all product control responsibilities and liaise closely with regional teams to deliver on two main objectives, strong control environment and service provision to the business.

Product Control is currently in the process of expanding the number and scope of its off shoring of activities to Mumbai.  The role will include continuing to assess functions which have the potential for migration, managing the migration process and continuing with the on-going control and review of migrated activities. Developing strong relationships with Regional client stakeholders is a key requirement and essential for success in the role

• An additional primary key requirement of the role will be to continue developing the current team member as well as developing a succession planning pipeline for all levels of the team with the objective for Mumbai to become self sufficient from a resourcing perspective and future Managers and leaders are developed from within the Mumbai resource pool.

The current Equities Product Control Group size is 45 plus with potential to grow to 90+.

Responsibilities of the role: 

• Leading a team of 45+ people. Responsible for maintaining and developing the output and morale of the team

• Responsible for communication and delivery to stake holders across all four regions

• Responsible for stabilizing consolidating migrations, improving processes, and significantly delivering process efficiencies and global standardization.

• Ability to take independent decisions, drive results and manage relationship with senior regional stakeholders.

• Develop strong relationships with key regional client stakeholders

• Identifying, implementing and delivering process efficiencies to minimize waste and maximize productivity

• Develop and maintain a robust control environment with both preventative and detective controls

• Contribute to developing a no blame learning culture

The team is responsible for the delivery of Equities Product Control PL and BS processes to four regions. The position requires supervision and delivery of all Equities Product Control processes in India, current migrated activities include:

• Profit and Loss Hub: Daily PL Production for Cash, Derivatives Prime Services

• Control Oversight: Key Risk Indicators, Report Coupon Breaks, Daily Balance Sheet reporting process

• Capital Markets MIS: Daily, Weekly and Monthly MIS reporting of Trading Revenues and Sales Reporting

Required Skills:

• Strong Leadership and management abilities

• Ability to set agenda and motivate the group to achieve.

• A good knowledge of Equities products preferably with a multinational Capital Market firm.

• Strong accounting, MIS and Financial Control knowledge.

• Ability to multi-task in a complex environment – good project Mgmt Skills

• Effective verbal and written communication skills (English)

• Excellent team player

• Problem solving skills

• Persistence, determination and attention to detail along with a very control focused mind set

• Confident individual with high level of drive energy and enthusiasm

• Time management – organizing and prioritizing work – good project Mgmt Skills

• Very strong people and relationship management skills

• Ability to work proactively and foresee issues and take mitigating steps in advance.

• Flexible and proactive

• Delivery focused

• Good VBA / System skills