Product Control Manager, HSBC Qianhai (GCB 5)

HSBC Qianhai

HSBC Qianhai Securities Limited (HSBC Qianhai) a joint venture securities company was incorporated on 28 August 2017 pursuant to Supplementary Agreement X to the Closer Economic Partnership Arrangements (CEPA) between the mainland and Hong Kong.

The registered capital of HSBC Qianhai is RMB1.8 billion. The Hong Kong and Shanghai Banking Corporation Limited (HSBC) holds 90% of the shares while Qianhai Financial Holdings Co. Ltd. (QFH) holds the remaining 10%. Our headquarters are located in Qianhai Shenzhen. We have branch offices in Beijing and Shanghai and a trading outlet in Qianhai Shenzhen.

By combining solid expertise in the domestic capital market with the global competitive advantage of the HSBC Group we are committed to providing our customers with comprehensive securities services and a diverse range of products aspiring to be your unique partner in Chinas onshore capital markets.

Our purpose Opening up a world of opportunity explains why we exist. For information about our purpose and values please visit .

HSBC Qianhai is part of one of the worlds largest financial services organisations. Whether you are an experienced professional looking for your first job or are interested in one of our student and graduate programmes we provide many ways for you to develop your skills and achieve your career ambitions in a diverse and inclusive environment.

We offer opportunities across our organisation to build a fulfilling career and work with colleagues and customers around the world. We have roles available in business areas including Investment Banking Securities Brokerage Investment Advisory Securities Proprietary Trading Asset Management and Private Wealth Management and Functions Digital Business Services.

We look for people who are ambitious and want to develop their career and contribute to HSBCs long-term sustainable growth. We want employees who can help us achieve our strategy balance social environmental and economic considerations and manage risk accordingly.

To ensure we achieve this growth in the right way we place great emphasis on our values. We are committed to applying the highest standards throughout the company everywhere we do business.

Diversity and inclusion is at the heart of our business. Joining HSBC will give you the opportunity to work in a collegiate and supportive environment in which we seek to develop and promote you based on merit.

We also have a strong commitment to sustainability and encourage employees to participate in our community projects and other activities.

Job description of the role:

1. To run systems to produce data for P&L risk-based attribution and roll-based attribution where appropriate.
2. To compare daily Trader Estimate& Actual P&L and perform analytical review of the attributed P&L. Analytical review includes review and validation of market environment changes new business/large deal reviews cancel and amendment analysis unexplained P&L internal allocations etc.
3. To prepare daily P&L commentary. This will include an audit trail from the initial attributed P&L to final P&L with justification of any adjustments to enable managerial review.
4. To ensure the accurate reporting of Front Office based P&L and perform other related P&L and balance sheet controls e.g. substantiation & reconciliations.
5. To perform group regulatory (PRA EBA HKMA) reporting tasks including RWA reporting Fair value levelling significant holding reporting etc.
6. To perform other reporting tasks assigned by management including but not limited to Product control reporting liquidity reporting ALCM metrics etc.
7. To identify and resolve production exceptions.
8. To respond to queries from front office and other senior management.

Requirements what you will need to succeed in the role:

1. University graduate from a reputed institution in accounting finance or economic subject.
2. 3 years or above experience in working within Financial Markets or a Treasury department.
3. Good understanding of Financial Markets and risks (products traded associated risks (including the greeks) and their life cycle accounting principles and valuation techniques).
4. Good interpersonal skills and able to work with people across location and from different backgrounds.
5. Strong business mind-set together with analytical and problem solving skills.
6. Well-organized detail-orientated able to cope with tight deadlines.
7. Fluent written and spoken Chinese. Working English required.