Finance Product Control Manager

Overview

The Product Control department operates within the Finance function and is responsible for the daily measurement, control and assessment of ING’s balance sheet and profit and loss statements ensuring the accuracy and integrity of our financial reporting. Based in Shanghai, this role is a key link at the intersection of Finance, Front Office, Market Risk and Operations across INGs presence in China and connecting to the Regional Product Control team.

The Manager role plays a critical part in daily P&L reporting, balance sheet substantiation as well as providing insights into the valuation of a wide range of trading products within Financial Markets and Treasury. It includes the analysis and calculation of independent valuation adjustments as well as reserves.

The wider team in APAC has a joint responsibility to deliver on the quarterly requirements for reporting/control as well as system project rollouts and regulatory compliance projects involving their respective desk and asset class and locations.

Key Responsibilities

• Daily P&L Production: Prepare and validate timely, daily P&L reports, ensuring completeness and accuracy.

• P&L Attribution: Analyze and explain daily and monthly P&L movements and provide commentary on key drivers.

• P&L Reconciliation: Reconcile and report Front Office to General Ledger P&L, NPV and cash reports in collaboration with ET Recon.

• Trade Analysis & Review: Investigate trade bookings by front office staff to ensure accuracy for valuation and cash as well as monitor unusual activity and entries.

• Proactive Issue Resolution: Ensure P&L, Position, Trade issues are rectified/explained or escalated.

• Month-End Closing Activities: Assist in desk-related activities, including reconciliations, calculation of reserves, independent price verification and relevant journal entries.

• Monthly Local (Desk) Parameter Committee: prepare agenda inputs to approve Independent Price Verification, Valuation Adjustments and final P&L reporting.

• Monthly Local ALCO: coordinate meeting logistics, and prepare meeting agenda inputs.

• Quarter-End Closing Activities: Perform Fair Value Hierarchy assessment and support reporting into Global Parameter Committee.

• Ad-hoc activities: Support local Product Control and Finance team and CFO for ad-hoc tasks regarding FM/GT, or Finance related, in Shanghai/Beijing, where needed.

Special Duties & work environment

• Projects and System rollouts: Assist in system implementations and projects on the desk with a view on efficiency, correctness and completeness.

• One-off product and trade approval: Support discussion and fact finding together with wider team.

• Team Collaboration: Lead by example to work closely with colleagues in Finance, Front Office, Market Risk, Operations & IT to ensure data accuracy and resolve issues promptly.

We are looking for (key competencies and qualifications)

• The ideal candidate will have a university degree, preferably with Financial Math background and/or experience in FM products in Product Control or Valuation Control.

• Minimal eight to ten years’ experience in relevant position in banking industry.

• Flexibility to adapt to a challenging and very demanding working environment is a fundamental prerequisite for the candidate.

• Good communication skills and able to manage different stakeholders and navigate different cultural environments.

• Result-driven and able to push things forward in a persistent and constructive manner.

• Well structured, autonomous, highly adaptive, flexible team player.

• Strong analytical skills (the breakdown of complex issues in manageable pieces).
• Excellent spoken and written communication skills, with strong English capability required.

What We Offer

At ING, you’ll be part of an organisation that empowers people - in life and in business. You can expect:

• A supportive, inclusive and international work culture.
• Opportunities to grow your expertise across credit, products and client coverage.
• Access to learning platforms, coaching and skill-building resources.
• A team that values curiosity, initiative and diverse perspectives.

How to Apply

Click the Apply button on our official ING careers site and submit your application through Workday.

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About ING

With 65,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us. Apply today.

ING’s vision is to unlock our people’s full potential through our inclusive culture where everyone has the opportunity to develop and have impact for our customers and society. To achieve this vision, our policies support diversity, equity, and inclusion. As an equal opportunity employer, we do not tolerate discrimination of any kind with regard to age, gender, gender identity, cultural background, experience, religion, race, ethnicity, disability, family responsibilities, sexual orientation, social origin, or any other status protected by applicable law. If you require any assistance or if we can accommodate you in any way when participating in our application and/or interview process, please email the recruiting contact listed for the relevant position. We will be happy to work with you to ensure a fair and accessible process. Read more about our commitment to diversity, inclusion and belonging here