AVP, Commodities Product Control
The main function will be a senior role in performing independent control in the analysis of the Profit & Loss and Balance Sheet for the FM Commodities business. The role covers SCB’s Commodity trading operations globally in the UK, Americas, Middle East, Africa and Asia.
The role should also cover the following:
1. To undertake periodic self-assessment on key controls to assess the proper functioning and adequacy of existing controls.
2. Assist in coordinating, facilitating and promoting understanding of operational risk and in implementation and management of OR within the Unit.
1.Day to day management of the Product Control Commodities GBS team
2.Daily analysis and production of P&L and Balance Sheet, ensuring integrity of data reported in a controlled environment.
3.Business support in terms of advising on structured transactions, assisting new product launches, providing quality MIS, and accommodating any ad hoc requests.
4.Supporting local finance teams by providing accounting advice, general ledger reconciliation, and product training.
5.Supporting the FM and Country CFOs in the development and maintenance of a robust control environment around the COMMODITIES product set.
6.Contact point for auditors, both internal and external.
7.Providing MIS around P&L analytics, risk based P&L explanation, and Performance Commentary. Detailed planning and budgetary support will be required.
8.Responsible for compliance with the Group Accounting Policy.
Responsible for continued development and testing of a Business Continuity Plan in so far as it relates to PC Commodities.
Development of consistent booking models across the Bank’s transaction processing systems.
End-to-End review and documentation of the Bank’s PC Commodities processes, maintenance of KOP for the same and to ensure the Finance support model for Commodities is optimized across the countries, Bangalore and the Singapore Product Control team.
ORF & KCSA reporting which includes the following:
To report Unit’s OR issues and losses to UORM
To assist UORM in developing and updating of procedures, controls and monitoring plans for Operational Risk Management
Act as OR coordinator for the section
To adhere to the agreed KCSA plans and approach
To identify and report all exceptions on non compliance with standard controls
To identify and report all weaknesses inherent in the standard controls
To maintain proper record keeping on all KCSA related activities
To maintain independence in the conduct of KCSA, i.e. not selecting and reviewing sample of self-performed transactions