Manager product control

HSBC; Bengaluru; On-site; INR 1,500,000 - 3,000,000; Full time

Job summary

HSBC in Bengaluru seeks an experienced Manager Product Control to own end-to-end product control processes for Global Markets, delivering P&L production, analysis, and balance sheet substantiation while ensuring accurate accounting and regulatory reporting.

The role requires collaboration with senior stakeholders, a solid understanding of debt securities, FX, swaps and other instruments, and proficiency in VBA/Python/SQL.

Qualifications

• 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, Foreign Exchange (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 Profit & Loss 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,

Responsibilities

• In this role, you will: deliver Profit & Loss production, analysis & commentaries, P&L and balance sheet reconciliations & substantiation, with sound knowledge of products, valuation, and reporting activities pertaining to Global Markets business
• Demonstrate a sound understanding of Markets business and processes. Observance to 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 delivery service 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 Product 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 group’s reporting requirements

Skills

Product Control

Valuations

Stakeholder management

Financial instruments

Python

SQL

VBA

C++

Education

Bachelor's degree in a related field

MBA / CA / CFA / FRM

Tools

VBA

Python

SQL

C++

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 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 theroleManager 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 Global Service Centre team is responsible for end-to-end product control tasks including but not limited to preparation, analysis, and reporting of Profit & Loss and Profit & Loss attribution, to ensure the accuracy and integrity of the general ledger and balance sheet. The individual will be responsible for handling end-to-end Product Control processes for the European / Middle East Sites.

In this role, you will:

• To act as an individual contributor delivering Profit & Loss production, analysis & commentaries, Profit & Loss, 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 delivery service 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 Product 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 group’s 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, Foreign Exchange (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 Profit & Loss 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,

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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