Job Description:
Job Title- Business Finance Senior Analyst, AS
Location- Mumbai, India
Role Description
The Associate will provide senior-level Product Control coverage for securitised Products business, with primary responsibility for Mortgage-Backed Securities (MBS), and Agency Collateralised Mortgage Obligations (CMOs).
The role combines independent P&L and valuation control with complex escalations, control enhancements, month-end close and oversight of work produced by Senior analysts. 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 BS 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
Own daily P&L production, review, substantiation, and commentary for assigned securitised product books, ensuring timely delivery and a clear explanation of revenue drivers
Review P&L attribution across new issue activity, market moves, carry, prepayment behaviours, time decay, convexity, basis risk, financing / repo, cancellation / amendments and manual adjustments
Lead timely front-office P&L sign-off by investigating material flash to actual variance.
Oversee daily and month-end reconciliations across front office, risk, sub-ledger and general ledger systems; drive root cause resolution of recurring breaks with technology, Operations and Middle office
Review and challenge balance-sheet completeness, position integrity, trade populations, inventory reconciliations and accounting-policy application across relevant legal entities
Act as a senior point of contact for Trading, Risk, Valuation Control, Operations, Treasury, Technology, Financial control, Audit, Regulatory reporting on complex P&L, valuation and control issues
Take ownership of month-end close activities, including accounting to economic P&L reconciliation, journal review, certification support and preparation of reporting packs for senior finance and trading management
Support new-product onboarding, system migrations, booking model changes, control framework enhancements, and user acceptance testing
Identify and lead process-improvement, automation and AI-enabled initiatives across P&L & BO processes, reconciliations, variance commentary and management reporting
Maintain robust procedures, control documentation, audit evidence, and issue tracking records; monitor KRI’s, SLA’s and control thresholds, escalating breakdowns promptly with key stakeholders.
Your skills and experience
Qualified Finance professional - CA or MBA in Finance or any related discipline.
Typically, 5-7 years of experience in Product Control, Valuation control, Middle Office, Risk, or Fixed income Finance, with substantial exposure to securitised products.
Deep knowledge of Fixed Income and Securitised Products such as Agency MBS, CMO’s ABS’s structured credit and related derivatives or hedging instruments
Demonstrated Experience owning daily P&L, P&L attribution, Front-office sign-off, IPV, reserves/valuation adjustments, reconciliations and month-end close.
Solid knowledge with GAAP/IFRS fair-value accounting concepts, financial instrument classification, valuation reserves and internal controls over financial reporting
Experience reviewing or supervising junior team members, managing escalations and communicating complex valuation and P&L issues to senior…