Job Description

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Vice President, Macro Product Control

Requisition Number: 43545
Job Location: Bangalore, IND
Work Type: Office Working
Employment Type: Permanent
Posting Start Date: 04/11/2025
Posting End Date: 27/12/2025
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Job Summary
The Product Control GBS is accountable for delivery of the end-to-end product & valuation control functions in GBS and lead different strategic initiatives for Treasury including Macro Product Control & Solutions.
We are seeking a dynamic and technically skilled professional to join our Product Control team as the Head - Commodities Product Control, reporting into the Global head of Macro Product control with a matrix to Global Head, Markets. This role will play a pivotal part in expanding the Bank's Macro Product capabilities, developing compliant and commercially effective strategies, and supporting IFRS 9 transition initiatives. The successful candidate will act as lead running the Macro PC center of excellence, working closely with Technical Accounting, Treasury, Product Control, and other key stakeholders to deliver best-in-class Macro Product Control solutions across the Group.
Key Responsibilities

• Manage the daily P&L production for Commodities, and to provide insights on Risk and Balance Sheet as well.
• Proactively identify and evaluate exposures across the Bank to expand Macro Product capacity; collaborate with business and other functions to achieve business outcomes
• Lead Proof-of-Concept (PoC) initiatives for new strategies, business models, sig trade reviews and new product approvals for the bank.
• Partner with Technical Accounting, Group Reporting, and Product Control to drive compliance with applicable accounting standards (e.g., IAS 39, IFRS 9).
• Build robust valuation models for hedged risks to support prospective and retrospective hedge effectiveness testing, in collaboration with Valuation Control and other key stakeholders.
• Drive system enhancement efforts by shaping hedge-related functionality, drafting business requirements (BRDs), and overseeing UAT activities with Product Control, Macro Change and IT teams.
• Design tactical interim solutions for early implementation of new strategies, including development of manual pricing logic and reporting processes, in partnership with Product Control.
• Collaborate closely with regional and cross-functional teams (e.g., Macro, local CFOs, TA, COO, VC) to deliver enterprise-wide Macro Product initiatives.
• Champion thought leadership, mentor peers, and support knowledge-sharing across regions.
• To lead, inspire and motivate the Macro Product Control team ensuring that everyone achieves their potential and that the team delivers its collective agenda.
• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from the team and work in collaboration with risk and control partners across the organization.

Qualifications

• Bachelor's degree in accounting, Finance, or a related field; a Master's degree or professional certification (e.g., CA, CFA) is strongly preferred.
• 10-12 years of experience in finance or accounting functions, with a strong preference for candidates with Commodities Product Control expertise.
• Deep technical knowledge of Macro Product Accounting (e.g., IAS 39) and practical experience in financial instrument valuation.
• Strong analytical mindset and problem-solving capabilities, with the ability to apply judgment in data-driven decisions.
• Excellent communication and interpersonal skills, with the ability to effectively influence and collaborate across business, finance, and technical teams.
• Familiarity with Macro Product tools and financial systems (e.g., Sabre Cortex, Murex) is an advantage.

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.

Information at a Glance
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