Assistant Vice President, Valuations Analytics and Reporting

HSBC; Bengaluru; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

HSBC is seeking an experienced professional for the role of Assistant Vice President, Valuations Analytics and Reporting. The team supports credible fair value reporting for traded instruments and provides governance across multiple hubs, including London, Paris, Krakow, and New York.

The role emphasizes valuation adjustments, cross-functional collaboration, and development of automated solutions to improve control and reporting quality within Global Product Control.

Qualifications

• 5+ years of post-qualification experience in Product Control, Valuation Control or Market Risk.
• Strong understanding of vanilla and complex derivative products, market risks and pricing parameters.
• Excellent written and oral communication skills.

Responsibilities

• Perform valuation adjustments in accordance with global valuation guidelines for equity asset class.
• Collaborate with Global Equity Valuation team across multiple locations.
• Improve controls and implement valuation methodologies; coordinate MI for committees.
• Deliver a single view of P&L and Balance Sheet with cross-functional teams.
• Build relationships with Product Control, Quantitative Analytics, Front Office, Market Risk, IT and Ops.
• Streamline processes to improve efficiency and service quality.
• Coordinate with Trading Desks and business stakeholders; liaise with IT for automated solutions.

Skills

Excel

VBA

SQL

Microsoft Access

Communication

Education

CFA

FRM

CQF

CA

Tools

Excel

VBA

SQL

Microsoft Access

Job description

Some careers shine brighter than others.

If you’re 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 organisations 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 realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Assistant Vice President, Valuations Analytics and Reporting

Purpose of the role

Controllership is an expert function, that exists to deliver trust in the numbers that it is the custodian of, providing both insight and running controls and processes, enabling the business to grow and succeed safely. Controllership instils credibility with our regulators and drives understanding of HSBC’s businesses. The Product Control (PC) function is an integral part of Controllership and provides independent control and assurance, product expertise, commercial insight and guidance to all businesses involved in trading activities throughout HSBC. We also partner the business to achieve sustainable financial performance. Reporting to the Global Head of Product Control, The Head of Governance, Controls and Model Oversight is a critical role in the Global Product Control (PC) structure, in charge of driving governance and controls across the 3 main areas of Core Product Control and Valuations/ Analytics. across the London, MENAT, and Paris hubs as well as sites such US and HK. Core Product Control is responsible for ensuring the accurate reporting of Front Office based Profit & Loss and ensuring that the trading assets and liabilities are recorded at fair value. This includes providing an analysis of the components of Profit & Loss to provide insight into the apparent sources of Profit & Loss and enable assessment of these against expectation based on knowledge of trading portfolio, trading activity, market movements and other factors. The team is also responsible for ensuring that the Balance Sheet of the Markets Business is fully controlled and substantiated and has an extremely important and critical accounting control aspect and dimension. The Valuations and Analytics teams in Product Control are global team responsible for all aspects of the calculation of Fair Value for traded instruments in Markets and Securities Services (MSS), Markets Treasury (MKTY) and more widely across HSBC. Valuations and Analytics teams are part of Global Product Control and split into 4 main areas of Quantitative Analytics including Models, Fair Value Methodology and Production, and Reporting Governance & Analysis. The team supports Product Control, Market Risk Management, Front Office and undertakes work within all derivative asset classes with focus on those asset classes that make use of quantitative models. The Reporting team is responsible for reporting returns made by Product Control, this includes daily Profit & Loss management reporting, quarterly reporting and relevant disclosures reporting.

In this role, you will:

• Perform valuation adjustments, such as Independent Price Verification, Bid Offer, Model uncertainty, other Fair Value Adjustment, and Prudent Valuation Adjustment, in accordance with global valuation guidelines for all business lines in equity asset class, regardless of the trading book location, like Hong Kong, Paris, London, and New York
• Work as part of the Global Equity Valuation team based in multiple location: Hong Kong, London, Krakow (Poland) and Paris
• Working on improving controls and implementing valuation methodologies. Analyzing Valuations model restrictions and recommendations. Coordinating preparation of appropriate Management Information for various committees.
• Delivering a single view of the Profit & Loss and Balance Sheet through cooperation with Business Financial Control and Core Product Control.
• Building relationships with key stakeholders including other Product Control functions, Quantitative Analytics, Front Office, Market Risk Management, IT and Operations.
• Reengineering and streamlining of processes to achieve economy of scale and increased service quality
• Efficient co-ordination with the Trading Desks and other Business stake holders.
• Liaising with the Analytics and IT teams for development of automated implementations and solutions.

To be successful you will:

• 5+ years of relevant post-qualification experience in either the Product Control, Valuation Control or Market Risk. A professional Finance qualification (CFA, FRM, CQF, CA) is preferred.
• Good understanding of vanilla and complex derivative products, market risks and pricing parameters.
• Strong IT skill required including experience with Excel, VBA, SQL, Microsoft Access.
• Excellent written and oral communication skills.
• Valuation controllers are expected to work across regions with multiple stakeholders both within Product Control, Front Office and other business stake holders in Hong Kong, Paris, Krakow, London and New York

You’ll achieve more at HSBC

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.

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