The VP – Capital Markets Products Controller is accountable for safeguarding the financial integrity, P&L accuracy, reporting and control environment for Capital Markets Products across WRB, covering derivatives, structured products, FX, equities and fixed income. The role provides end-to-end controllership ownership across product accounting, revenue recognition, fair value accounting, balance sheet substantiation, external reporting support and front-to-back controls over complex and market-sensitive products. Acting as a senior independent finance partner to Business Finance, Product, Markets, Risk, Operations, Technology and Change teams, the role provides clear technical accounting judgement, commercially informed challenge and robust governance to support sustainable growth, accurate reporting and effective risk management across Capital Markets Products.

Responsibilities

Strategy

Set and drive the WRB Capital Markets Products Controllership strategy across derivatives, structured products, FX, equities and fixed income.
Ensure accurate product accounting, revenue recognition, fair value accounting, P&L reporting and balance sheet integrity across Capital Markets Products.
Act as the senior finance control authority for complex product accounting matters, providing independent challenge on accounting treatment, booking models, product financial outcomes, reserves, controls and reporting impacts.
Partner with Business Finance, Product, Markets and Risk teams to support commercially sound decisions while maintaining strong financial control and governance.
Drive simplification, standardisation and sustainable control improvements across Capital Markets Products reporting and controllership processes.

Business

Maintain strong commercial and technical understanding of derivatives, structured products, FX, equities and fixed income, including payoff profiles, lifecycle events, hedging relationships and market risk sensitivities.
Apply sound commercial and accounting judgement to ensure product financials reflect the underlying economics, risk profile and reporting requirements of Capital Markets Products.
Partner with Business Finance, Product, Markets, Risk and Country Finance stakeholders to explain key P&L drivers, fair value movements and balance sheet trends.
Provide independent, commercially informed challenge on product performance, pricing decisions, new product proposals and growth initiatives.
Balance strong control discipline with pragmatic, business-aligned solutions for complex Capital Markets Products and related change initiatives.

Processes

Provide front-to-back oversight of Capital Markets Products accounting and reporting processes, from trade origination, product setup and booking models through sub-ledgers, general ledger, management information and disclosures.
Oversee key controllership activities across derivatives, structured products, FX, equities and fixed income, including P&L recognition, fair value movements, day-one P&L, amortisation, hedge-related impacts and product close-out accounting.
Ensure manual journals, reconciliations, exception management, control evidence and balance sheet substantiation are completed accurately, on time and with appropriate review.
Ensure compliance with Group accounting policies, IFRS requirements, financial control standards, substantiation requirements and relevant governance expectations.
Review and sign off the adequacy of financial control design when new products, booking approaches, system changes or process changes are introduced prior to go-live.

Risk Management

Identify, assess and escalate financial, model, operational, market data, conduct and reporting risks relating to derivatives, structured products, FX, equities and fixed income products.
Ensure timely remediation of control, substantiation and reporting issues, supporting reductions in audit, regulatory and Group findings.
Support CFO declarations, attestations and senior governance reporting through strong, evidence-based control ownership over Capital Markets Products balances, P&L and disclosures.

Governance

Ensure appropriate governance is followed across Capital Markets Products accounting, reporting, transformation and change initiatives.
Represent WRB Capital Markets Products Controllership in senior governance, risk and change forums, providing clear evidence-based insight and challenge.
Assess accounting, P&L, balance sheet, reporting and control impacts before product, process, system or operating model changes are implemented.
Support prioritisation of control remediation, audit readiness, reporting transformation and sustainable process improvements.
Maintain clear ownership, documentation and escalation discipline for significant judgements, issues, risks and remediation actions.

Regulatory & Business Conduct

Display exemplary conduct and live by the Group's Values and Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Lead WRB Capital Markets Products Controllership to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; and The Right Environment.
Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association (or equivalent)

Key stakeholders

Business Finance, Product, Markets, Country Finance, Regional Finance, Product Control, Market Risk, Operations, Technology, Change, GFS, GCFO Controllers, External Reporting, Audit, Risk and Compliance teams supporting Capital Markets Products.

Qualifications

TRAINING, LICENSES, MEMBERSHIPS AND CERTIFICATIONS

EDUCATION

Ø Minimum 12–15 years experience in financial control, product control, controllership, finance reporting, audit or risk roles within financial institutions, including significant exposure to Capital Markets Products.

Ø Strong working knowledge of derivatives, structured products, FX, equities and fixed income products, including product economics, booking models, lifecycle events, fair value movements, P&L recognition and balance sheet impacts.

Ø Demonstrated experience owning or reviewing product accounting, P&L reporting, fair value accounting, substantiation, manual journals, reconciliations, reserves and control evidence for complex or market-sensitive products.

 Proven ability to operate independently at VP level, provide independent challenge, influence senior stakeholders and represent Finance in governance, risk and change forums.

Ø CA / CWA / CPA / ACCA / CFA or equivalent professional qualification preferred; strong technical accounting knowledge under IFRS is required.

Ø Experience with SAP, PSGL, product sub-ledgers, trade capture systems, reporting tools and sub-ledger to general ledger processes is preferred.

Ø Experience supporting new product approvals, product changes, system implementations, audit remediation, CFO attestations or large-scale finance change programmes is preferred.

TRAINING

Post-graduation / CA / CWA / CPA / ACCA / CFA or equivalent, with significant experience in Capital Markets product accounting, financial control, product control, P&L reporting, fair value accounting, risk management, governance and finance change.

Other Responsibilities

Embed Here for good and Group's brand and values in GFS India – Finance Control; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Skills And Experience

External Financial Reporting
Risk & Controls
Strategy & Execution
Balance Sheet Management
Regulatory & Compliance
IFRS knowledge

Qualifications

Qualified Chartered accountant with 12+ year experience
Languages: English

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together We:

Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What We Offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
Flexible working options based around home and office locations, with flexible working patterns.
Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

VP CMPS Product Accounting