Pls help! Product control role still worthwhile?
 

I have roughly 4 yrs experience in banking ops and was recently considering moving into product control role.

Looking at past articles, product control roles are being offshored heavily from singapore. Is it still worthwhile to enter the sector now and gain the experience?

Let's say i get 2 to 3 yrs of product control experience, where can i move on from there?

Pls help

Product control is just another subset of banking ops, like all ops job the danger of being offshored is high due to lack of market value & high wages compared to India & Philippines.

If you want to really reduce the risk of retrenchment and move up in banking, you need to move into fo or coe space. Otherwise no matter how you jump around within ops space offshoring will always be a high risk.

Thanks! What you said really makes sense but unfortunately i do not have the skillset or connections to make it out of ops.

My intention was to gain some accounting experience from product control and perhaps move into an accounting role outside banking. Is this a feasible option?

Also, are roles like settlements or documentation equally risky in terms of offshoring as well? I have seen banks offshore their BO roles from time to time

young people who work in product control like to deceive their friends and themselves that they are holding a really cool job in the banking industry

If you already CPA certified then you can always seek an entry level accounting job outside the banking industry, no need to go through PC route in banking. If you do not have CPA or other relevant accounting cert, then it does not matter whether you have PC exp or not as other companies will not hire you as an accountant.

All BO / ops jobs are always susceptible to moderate to high risk of offshoring no matter which bank or function you support. It's a russian roulette to see if you are at the wrong place wrong time. FOs retrenchment is risky during downturn, but most have high salaries and bonuses in good years to buffer. COE is as safe as you can get in banking, but as the name implies you need to have deep specialism in niche areas.

What does COE stand for?

Actually how abt internal audit? Is this something product control can hope to move into?

I'll really appreciate if u have some examples of roles that product control experience is useful for

I dont know who u guys are, but thanks for the replies!