Job Description:
Job Title- Business Finance Senior Analyst, AYST
Location- Mumbai, India
Role Description
The senior Analyst will support end-to-end business finance control for Securitised Products trading business with primary focus on Mortgage-Backed Securities (MBS), Collateralised Mortgage Obligations (CMOs).
The role ensures accurate, timely and well controlled daily P&L, balance sheet substantiation, independent price verification and reconciliation of front-office to general ledger. This role is based out in DIPL Mumbai and will be reporting to AVP / VP Business Finance Lead.
As a Business Finance personnel, the core responsibilities are to ensure accurate reporting of Periodic P&L, Risk and Balance Sheet based on sound business / product understanding along with strong accounting & system knowhow.
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
Best in class leave policy
Gender neutral parental leaves
100% reimbursement under childcare assistance benefit (gender neutral)
Sponsorship for Industry relevant certifications and education
Employee Assistance Program for you and your family members
Comprehensive Hospitalization Insurance for you and your dependents
Accident and Term life Insurance
Complementary Health screening for 35 yrs. and above
Your key responsibilities
Prepare, review and explain daily P&L for Securitised Products – MBS, CMO, CMBS including attribution to market moves, prepayment behaviour, carry, new issue activity and trading positions
Providing daily commentary and FVA variance investigation to Front Office traders and senior Finance managers
Break investigation and resolution: Model vs Actual (Ledger) Cash, FO vs MO system Substantiate Balance-Sheet accounts, reconcile inventory and trade populations, and ensure completeness in line with MRP policy
Analyse mortgage-specific drivers including prepayment speeds, CPR, PSA, TBA Exposure and Spec Pool valuation that impacts P&L nos.
Supports month-end close, including accounting to economic P&L reconciliation, journal review, certification support including understanding of accounting principles.
Partners with Trading, Risk, Operations, Treasury, Technology and Finance stakeholders to resolve data, booking, valuation and settlement issues.
Engages with CTB/SME ( Change the Bank / Subject Matter Expert) in order to deliver change
Responsible for ensuring that Standard Operating Procedures are adhered to and updated for effectiveness on a timely basis
Your skills and experience
Qualified Finance professional - CA or MBA in Finance or any related discipline.
Typically, 4-7 years of experience in Product Control, Valuation control, Middle Office, Risk, or Fixed income Finance within Investment Bank
Strong knowledge of Fixed Income and Securitised Products such as Agency MBS, CMO; and Bonds in general OTC, Loans and Listed Derivatives
Experience with daily P&L production, P&L attribution, IPV, reserves/valuation adjustments, reconciliations and month-end close.
Familiarity with GAAP/IFRS accounting concepts, fair-value measurement and internal controls over financial reporting
Ability to identify opportunities to work with and apply AI, machine learning and intelligent automation to Product Control workflows, including P&L production, reconciliation, variance analysis, valuation review and exception management.
Core Competencies:
Attention to details and strong control mindset
Proactive issue identification and escalation
Intellectual curiosity and product expertise
Strong interpersonal skills and ability to communicate effectively across global teams
Well organized & able to clearly present results of work.
Commitment to process improvement and automation
Keeps pace with technological innovations and market driven initiatives
Education / Certification
MBA (finance) or CA / ICWA / CFA.
Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while…