AVP GM Product Control HK Global Credit And Financing

HSBC Holdings plc; Taguig; Presencial; PHP 1.200.000 - 1.800.000; Jornada completa

Descripción de la vacante

HSBC Holdings plc is seeking an experienced AVP GM Product Control for the HK Global Credit & Financing desk. The role focuses on delivering quality P&L analysis, balance sheet substantiation, and robust controls within a cross-functional team in APAC.

The successful candidate will manage daily P&L reporting, reconciliation processes, and participate in month-end close activities, audits, and control improvements for the MSS business, working with onshore teams and other stakeholders.

Formación

• At least 3 years of Product Control experience or similar discipline.
• Knowledge of financial market products, risks, data flows and P&L life cycle.
• Strong English communication and cross-location collaboration.

Responsabilidades

• Provide financial accounting, control and analytical support to MSS business.
• Perform front-to-back reconciliations and system deliveries to ensure trade accuracy.
• Support month-end close activities and balance sheet substantiation.
• Monitor daily exception reports and escalate material issues.
• Coordinate with onshore Product Control teams for timely reconciliations.

Conocimientos

Product Control

P&L understanding

Excel/VBA/Python

Stakeholder management

English communication

Educación

CPA

CFA

FRM

Herramientas

Excel

VBA

Python

Descripción del empleo

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 AVP GM Product Control, HK Global Credit & Financing

Role Purpose

Product Control (PC) is a critical support function to the Markets and Securities Services (MSS) and Markets Treasury (MKTY) businesses. It provides independent control and assurance of financials, product expertise, commercial insight and guidance to the business and other related support functions. The role sits within a team that performs PC processes and deliverables supporting the Hong Kong Global Credit & Financing business, with a focus on quality, performance, and process design, to ultimately protect the quality of the bank’s financial statements. The role requires an understanding of key Profit & Loss (P&L) drivers and controls, and assisting in detection of inappropriate trading activity.

Principal Accountabilities

Primary responsibility includes providing financial accounting, control and analytical support to the MSS business including one or more tasks of the following:

Impact on the Business

P&L Reporting

• Production, analysis, explanation and reporting of the daily trading profit and loss (P&L) for assigned entity(ies) and desk(s) within the Hong Kong Global Credit & Financing business. Identify unusual P&L patterns, valuation movements, or booking behaviors. Lead investigation of complex breaks and drive cross-team resolution. Ensure controls are evidenced, and issues escalated promptly per policy.
• Perform front-to-back reconciliations, inter-system reconciliations, and system delivery to ensure trade completeness and accuracy in P&L and reporting systems. This includes, but not limited to, reconciliation of Trader P&L Estimates to Actual P&L, P&L Attribution Analysis, and Significant Trade Review.
• Support month-end close activities

Exception report monitoring and inter-system reconciliations

• Review and perform daily exception monitoring and elevate issues exceeding agreed thresholds. Exception reporting includes (but not limited to) monitoring of Primary Trading System to General Ledger reconciliations, back-office system exceptions, dealing activity/identification of inappropriate trading activity.
• Review and perform inter-system reconciliations to ensure the integrity and consistency of the trade information recorded in the various systems utilized by the business.
• Liaise with onshore Product Control teams to ensure daily reconciliations are accurate and breaks are cleared in a timely manner.

Book Controls

• Provide system administration and governance for book opening process.
• Ensure data integrity, manage system interfaces, maintain access/controls and own the production support for various financial data platform applications.

Balance Sheet Substantiation

• Ascertain reasonableness, propriety and integrity of the account balances through reconciliation and substantiation.
• Perform reconciliation of balances and review of pertinent supporting documentation.
• Assessing and escalation of any potential impact to P&L and Equity Reserves arising from any misstatement.

Production and Reporting of Monthly and Periodic Returns

• Preparation of periodic reports primarily required for regional and group reporting.
• Calculation and preparation of daily and month-end adjustments to MSS profit and loss and balance sheet accounts. This includes posting of adjustments including accruals via manual entries to relevant reporting systems.

Audit and Other Reviews

• Proactively supports the periodic review of control processes including thresholds, and implementation of control enhancements.
• Coordination with internal and external auditors during regular audits.
• Preparation of various schedules and supporting documents as required.
• Conducts walkthroughs and draft replies to address exceptions noted.

Other Responsibilities

• Monitoring and reporting of Key Risk and Key Process Indicators (KRIs and KPIs). Accountable for daily service delivery (timeliness/accuracy) across the team’s scope
• Drives strategic change initiatives including various projects and system/ infrastructure enhancements as well as automation roadmap within Product Control. Identify areas for process improvement and find innovative solutions with specific focus on improving controls and reducing operational risks.
• Assists Team Lead (VP) for workload allocation, and coaching and training junior staff
• Any other work assigned by the head of the team.

Customers / Stakeholders

• The candidate is expected to proactively build and manage relationships with onshore Product Control teams across Asia Pacific as well as other internal clients within Finance, GFC, Middle Office, Internal Audit, Change Team and IT.

Leadership & Teamwork

• Role holder will be responsible for assisting the Team Lead/Line Manager in reviewing the team’s daily deliverables, ensuring accurate and timely control and service delivery, leading the team in resolving issues, and addressing queries and ad hoc requests made by various stakeholders.
• Role holder will also aid Team Lead/Line Manager in achieving the goals and objectives established by Senior Management in Product Control.

Operational Effectiveness & Control

• Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
• Help define the target operating model, understand the gap between current and target processes, and work with line manager to identify opportunities for improvement and work with other project teams to ensure that proposed solutions will meet the requirements and are implemented on time.

Qualifications

• At least 3 years of Product Control experience or similar discipline experience
• Knowledge and experience of financial market products and their associated risks, data flows, trade lifecycle, accounting principles and valuation techniques/models. Knowledge of primary financial statements (Balance Sheet & Income Statement).
• Excellent interpersonal skills and able to work with people across different locations and backgrounds. Very good written English and oral communication skills.
• Demonstrated leadership potential (e.g., leading initiatives, influencing stakeholders, driving outcomes). People management experience isn’t required.
• Advanced MS Excel skills, quantitative skills, VBA or Python experience, and involvement in AI initiatives is an advantage
• Excellent analytical skills and a proactive approach to problem solving.
• Professional qualifications such as CPA, CFA and FRM will be an added advantage.
• Willing to work in shifts schedules, change on weekly statutory rest day and weekly contractual rest day from time to time, depending upon operational and/or business requirements.
• Flexible to work at such premises of the Company.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

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Issued by Hong Kong and Shanghai Banking Corporation Limited Philippines