Oversight Lead - Core PC

HSBC; City of Edinburgh; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A global financial services organization is seeking an experienced Oversight Lead in Edinburgh. This role involves overseeing the Product Control team, ensuring accurate P&L and Balance Sheet activity, and driving process improvements. The ideal candidate should have a strong accounting background, solid P&L control experience, and excellent communication skills. A hybrid working pattern is offered.

Qualifications

• Good knowledge of Global Markets businesses.
• Experience in a Product Control P&L function.
• Ambitious and motivated self-starter.
• Experience working proactively both independently and in teams.

Responsibilities

• Provide oversight and escalation for Core Product Control activities.
• Ensure that daily P&L production adheres to standards.
• Drive a continuous improvement program for all activities.
• Work with Valuations and CFOs to present the business view.
• Ensure all team members receive appropriate training.

Skills

Analytical skills

Communication skills

Relationship management

IT skills

Motivation and leadership

Education

Accounting qualification (ACA, ACCA, CA or equivalent)

Tools

Excel

Job description

Job Overview

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a role 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 organisations in the world, with operations in 57 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 realise their ambitions.

We are currently seeking an experienced individual to join this team in the role of Oversight Lead - Core PC.

This role within the Product Control (PC) Oversight team serves a critical function in ensuring the accurate valuation and accounting of the Markets business's Balance Sheet and P&L. It involves overseeing significant trade reviews, new business initiatives, and projects, while driving continuous improvement in processes and controls. The role also engages with senior stakeholders, offering insights and summaries to management, and requires strong analytical and communication skills.

Key Responsibilities

• Oversight and Escalation: Provide oversight and escalation for Core Product Control activities, ensuring processes and controls are accurately followed for a business's Balance Sheet and P&L.
• Process and Control Adherence: Ensure that daily P&L production, risk and roll-based P&L explain, P&ampL commentary, and month-end reporting activities adhere to the minimum standards set out in the Product Control Framework.
• Continuous Improvement: Drive a continuous improvement program for all activities, increasing efficiency and controls through procedures and systems change processes.
• Collaboration and Presentation: Work with Valuations and CFOs to deliver a transparent view of the P&L and Balance Sheet and present the business view to traders and trading management.
• Training and Mentoring: Ensure all team members receive appropriate training and mentoring to support their development and performance.

Candidate Requirements

• Knowledge of Markets Products>: Good knowledge of Global Markets businesses is important for understanding the specific financial products and their implications.
• Accounting Qualification or Experience: Either be a qualified accountant (ACA, ACCA, CA or equivalent) and has knowledge of Markets’ products or qualified by experience working in a Markets Product Control role.
• Product Control Experience: Experience in a Product Control P&L function with a strong control focus and understanding of the Product Control workflow.
• Motivation and Leadership: Being ambitious, motivated, a "self-starter" who can motivate a team, including remotely.
• Analytical Skills: analytical are essential for analysing the daily P&L, P&L trends and Balance Sheet movement.
• Communication Skills: Effective communication and interpersonal skills are necessary to interact with management and stakeholders, both orally and in writing.
• IT Skills: Strong IT skills, including advanced knowledge of Excel, are required to handle data and perform analysis efficiently.
• Relationship Management: Excellent relationship management skills to engage with key senior stakeholders and provide summaries of issues and business insights.
• Autonomy and Accountability: Experience working proactively both independently and in teams, with familiarity in environments where high levels of autonomy and accountability are expected.

Location

The base location for this role will be Edinburgh and with a hybrid working pattern.

EEO & Inclusion

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk. Email: [e-mail]. Telephone: [phone]