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 Market Making and Structuring desks.
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.
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 2 - 3 years of experience working in the Finance industry, preferably in Product Control area.
Possess an understanding of the global market products including rates, fixed income, FX and other derivatives.
Ability to articulate and escalate issue promptly for resolution.
United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories in Asia Pacific, Western Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. In Asia, it operates through its branches and representative offices as well as banking subsidiaries in China, Indonesia, Malaysia, the Philippines, Singapore and Thailand.
UOB plays an active role in the community, focusing on the arts, education and children. For three decades, UOB has organized the prestigious UOB Painting of the Year Competition and Exhibition. In recognition of its contribution to the arts, UOB was conferred the National Arts Council's Distinguished Patron of the Arts Award for the ninth consecutive year in 2013. UOB also encourages its employees across the region to be involved in its regular volunteer activities. This includes the annual UOB Heartbeat Run which is held in Singapore, Malaysia, Indonesia, Thailand and mainland China.
Job Description :
To ensure customer service and support all operations. To create customer delight at every interaction.
Interacting with external customers and internal customers and addressing their queries, requests and complaints.
Committed TATs are met consistently
Complaints Management- addressing customer complaints at the branch, system updation, coordination with Sales/HUB/ other functions for resolution.
Refunds processing and dispatch
Undelivered policy documents tracking and management.
Maintenance of all files and registers.
New Business Processing:-
Handling end to end New business processing starting from creation of Client id,Case start up, New business login, Follow up for policy issuance, Quality Check
Follow up with HUB for policy issuance of pending cases