AVP Product Control

HSB; Mumbai; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

HSBC Holdings plc in Mumbai seeks an experienced Global Markets Product Control professional to own P&L processes, IPV, FVA, and valuation controls within IFRS/ Basel compliant framework. You will collaborate with traders and auditors to ensure accuracy and robust documentation.

The role requires 2+ years in a finance environment, post‑graduate finance or accountancy, strong data analytics, and excellent communication with senior stakeholders across onshore/offshore teams.

Qualifications

• A finance post graduate degree or accountancy qualification.
• 2+ years in a finance environment with exposure to Global Markets asset classes.
• Strong understanding of the traditional Global Markets trade lifecycle and risk controls.
• Experience working with onshore and offshore teams and coordinating with multiple points of contact.

Responsibilities

• Understand P&L processes, reporting, and valuation principles for Global Markets products.
• Ensure IPV and FVA compliance with IFRS/GAAP requirements.
• Maintain valuation reserves with justification and documentation.
• Coordinate with internal/external auditors and address audit findings.
• Provide financial insights to traders to support business strategy.
• Participate in Product Control IT projects including gathering user requirements and UAT.

Skills

Finance processes

Data analytics

Communication

Stakeholder management

Education

Finance post graduate degree

Job description

Some careers open more doors than others.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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.

Business Descriptor

Global Finance

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals partner with the business to provide trusted insights and forward looking analysis; accuracy; efficiency and control to frame and influence business decisions.

We are currently seeking an experienced professional to join the Global Markets Product Control team.

Job Introduction

• Strong understanding of P&L Processes (Reporting, Attribution), Valuation Principles of Global Markets products, ensuring accuracy & completeness
• Ensure Independent Price Verification (IPV) and Fair Value Adjustments (FVA) are performed in line with internal policies and IFRS/GAAP requirements
• Maintain and monitor valuation reserves, ensuring they are justified and documented
• Ensure compliance with internal control frameworks, accounting policies, and regulatory requirements (e.g. IFRS 13, Basel III)
• Coordinate with internal and external auditors, providing necessary schedules and explanations. Close involvement in handling various audit requirements of local regulatory audit, internal audit, statutory audit & other compliance reviews along with working towards the closure of audit findings.
• Maintain robust documentation for valuation methodologies and control processes
• Work closely with traders to provide financial insights that support business strategy
• Resolving client valuation related queries
• Reporting of various financial and management reports as prescribed by applicable regulation like RBI / HKMA / PRA etc. and ensuring adherence to HSBC’s internal guidelines related to P&L, valuation and balance sheet controls.
• Periodic review of various internal policies on Fair Valuation Adjustments, Prudent Valuation Adjustments, Fair Value Levelling, Day1 PL reserving etc.
• Participate in Product Control related IT projects by providing User requirements, performing UAT & post implementation reviews.
• For all the new business products launched, the role holder is expected to provide inputs on the above mentioned areas.
• Active participation in regional projects, local/internal audits are other key areas where the candidate gets involved.
• Understand Risk and Control framework including SOX and help track and operational losses related to PC.

Education Qualifications / Certifications and Requirements :

• A strong understanding of finance processes and an accountancy or finance post graduate degree
• Relevant experience (min. 2 years) in a finance environment, with a wide product knowledge across a number of Global Markets asset classes
• Strong understanding of the traditional Global Markets trade lifecycle and of the relevant risk control principles within this
• Experience of working in a similar organizational structure with a number of onshore and offshore contact points and managing teams
• Good Data Analytics and Digital Transformation skills. Ability to work with large amounts of data, analyse the same and present them in a concise meaningful form.
• A strong written and verbal communicator, used to interacting with colleagues and stakeholders at all levels including senior leadership teams

Additional Information

• ^ RBI Clause ((Not FEDAI OR AMFI) to be mandated for every requisition if Applicable
• ^ Enhanced Vetting clause if applicable
• ^ High Risk Roles clause, if applicable
• The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (COVID-19), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC.
• As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

Pro-Tip

Familiarity with AI-enabled tools is an advantage.

As an employee, you are required to perform your duties in a professional capacity exercising independent judgement, discretion and decision-making authority in planning, organising, directing work, supervising and appraising the work of team members, as applicable; and taking accountability for delivery outcomes. You will represent the organization with relevant internal and external stakeholders. You will allocate and prioritize work, provide direction and feedback, manage team capacity and leave in line with policy as applicable.

HSBC is 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.

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 The Hongkong and Shanghai Banking Corporation Limited, India