New Product Approval – recruitment
The New Product Services group is a professional, goal driven department focused on providing a value-added service to the business. The team is responsible for providing a risk control focused approval mechanism for any new or variation of products that the Bank wishes to trade. It has a significant presence within the organisation as the function touches upon the business plus all the major infrastructure support areas across the Bank.
You will be coordinating the approval process for new products proposals for investment banking products across all asset classes, with a particular focus on equities, commodities and emerging markets. This will involve working with the front office to produce coherent proposals and with infrastructure areas to identify issues and their solutions such that all parties may approve the proposal.
Key Responsibilities will include:
- Managing relationships working closely with Front Office to develop new product proposals and to ensure transparency around those New Product Approval proposals in progress.
- Liaising with Infrastructure representatives to build consensus and solve issues during the gestation period of the new product proposal – by performing preliminary risk assessments.
- Hosting meetings as appropriate to syndicate information resolve issues.
- Developing partnerships with business and functional heads to ensure timely notification of new proposals and completion of documentation
- Educating New Product Approval stakeholders as to the policy, process and system
- Escalating key issues appropriately in a timely manner
- Routine report production and trend analysis
Experience:
- Minimum of 8-10 years experience within the financial / banking industry
- Solid risk / control-oriented background, especially as a risk manager, auditor or consultant
- Strong knowledge of investment bank business processes – front to back
- Experience of dealing with senior management management of staff
- Solid knowledge and appreciation of IT
- Change management / process improvement
- Broad knowledge of banking products
- Deeper familiarity with commodities and foreign exchange derivatives products
- Solid knowledge of front to back process flows
- Ability to manage change and improve processes
- Controls risk awareness