Manager Product Control
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Job Location:
Monthly Salary:
Posted on:
2 days ago
Vacancies:
1 Vacancy
Job Summary
Some careers shine brighter than others.
If youre looking for a career that will help you stand out join HSBC and fulfil your potential. Whether you want a career that could take you to the top or simply take you in an exciting new direction HSBC offers opportunities support and rewards that will take you further.
HSBC is one of the largest banking and financial services organizations in the world with operations in 64 countries and territories. We aim to be where the growth is enabling businesses to thrive and economies to prosper and ultimately helping people to fulfil their hopes and realize their ambitions.
We are currently seeking an experienced professional to join our team in the role Manager Product Control.
Purpose of the role
- Product Control is part of Controllership. Product Control ensures traded products are fair valued correctly accounted and disclosed with prudent valuations reported to our regulators and Management. We also partner with the business to achieve sustainable financial performance.
- The Product Control GSC team is responsible for end-to-end product control tasks including but not limited to preparation analysis and reporting of P&L and P&L attribution to ensure the accuracy and integrity of the general ledger and balance sheet. The individual will be responsible for handling end-to-end PC processes for the European / Middle East Sites.
In this role you will:
- To act as an individual contributor delivering P&L production analysis & commentaries P&L and Balance Sheet Reconciliations & substantiation and have sound knowledge of products valuation and reporting activities pertaining to Global Markets business.
- Demonstrate a soundunderstanding of Markets business and processes
- Observanceto Group policies audit controls and compliance requirements including but not limited to declaration of secrecy data protection act health safety and security information security clear desk policy
- Responsible for ensuring that the service delivery of Finance Product Control processes per the standards set out in agreed SLAs within the HSBC Global Resourcing operating framework considering key operational risks and ways to mitigate them and operating a well-defined control environment.
- Responsible for ensuring that the PC Controls are aligned to the Global standards and highlight in case of deviation.
- Continually assess the operational risks inherent in the processes taking account of changing operating procedures staff movements legal and regulatory requirements management restructures and the impact of new technology.
- Undertake measures to initiate and implement high-impact quality projects leading to operational efficiency and higher productivity (Within Six Sigma Lean process improvement methodology)
- Undertake continuous review of processes with the objective of improving the service delivery timeframes and identifying areas of improvement.
- Responsible for ensuring BCP (business continuity plan) is documented agreed and tested as per agreed timelines
- Manage Product control processes in accordance with the groups FIM reporting requirements
To be successful you will:
- University degree from a reputable institution with minimum 2 years of experience in related fields (i.e. Product Control Valuations etc)
- Experience in partnering with senior stakeholders and handling conflicts
- Understanding of financial markets products (i.e. debt securities money markets instruments FX swaps Interest Rates Swaps Cross Currency Swaps etc). This entails the understanding of valuation techniques associated risk sensitivities (i.e. Greeks) and risk factor P&L analysis
- Strong analytical and problem-solving skills.
- Experience in driving project implementation
- Understanding and/or experience in Treasury business
- Understanding and/or experience in Hedge Accounting
- Experience with accounting controls for Financial Instruments
- Knowledge and experience with a programming language (i.e. VBA Python SQL C etc)
- Professional qualifications such as MBA CA CFA FRM etc
Youll achieve more when you join HSBC.
is an equal opportunity employer committed to building a culture where all employees are valued respected and opinions count. We take pride in providing a workplace that fosters continuous professional development flexible working and opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of but not limited to their gender or genetic information sexual orientation ethnicity religion social status medical care leave requirements political affiliation people with disabilities color national origin veteran status etc. We consider all applications based on merit and suitability to the role.
Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement which is available on our website.
***Issued By HSBC Electronic Data Processing (India) Private LTD***c
Required Experience:
Manager
Key Skills
- Time Management
- Data Analytics
- Analytical
- Agile
- Requirement Gathering
- Strategic thinking
- Visio
- Communication
- Problem Solving
- Market Research
- UML
- Cross Functional Teams
About Company
HSBC Holdings plc is a British multinational investment bank and financial services holding company. It was the 7th largest bank in the world by 2018, and the largest in Europe, with total assets of US$2.558 trillion.
