Job Advert Details
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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.
Your career opportunity
Global Markets Product Control is a division of Global Banking and Markets Finance responsible for the production and independent validation of Global Markets' profit and loss and balance sheet. In this regard, Product Control will ensure, inter alia, that accounting policies are correctly and consistently applied, and that Trading portfolios are appropriately valued. The daily process involves daily & monthly P&L and Balance Sheet reconciliations as well as reporting activities performing Valuation and IPV processes for the London and Paris trading hubs. Ensuring accurate calculation of Fair Value Adjustment and the Independent Price Verification. This includes providing an analysis of the IPV’s and FVA’s. Based on knowledge of trading portfolio, trading activity, market movements (or lack of) and other factors.
This role is a senior role within the Krakow Product Control department predominantly responsible for Credit processes with a global coverage. Locally the role might have leadership responsibilities for staff outside of these areas. The Head of Credit Core PC has responsibilities around leading the team, anticipating and addressing training and staff development needs within Krakow Core Product Control, developing a talent pipeline, leading the interaction and connectivity between Valuations and wider Krakow PC, driving process improvements and a pro-active approach to change, managing relationships with key stakeholders locally and internationally.
What you’ll do
- Supervise the end to end P&L review & analysis and Cancel & Amend process for the businesses under supervision and various trading sub business units within the Global Markets business.
- Be responsible and assist in the production of P&L production, analysis and review; Cancel and Amends; Month-end True ups, Reserves and FVA adjustments.
- Engagement within Product Control teams to ensure that the valuation conclusions are accurately reflected in the books and that the communication with the business is seamless and consistent.
- Ensure Product Control FIM requirements and other applicable accounting / regulatory standards are met. Liaise with Internal/External audit and regulators where necessary.
- Work to ensure consistency in policies/standards across sites/teams and implement strategies to improve consistency where it is not already in place.
- Identify, communicate and drive resolution of issues; whether people, process or system.
- Maintain focus on process optimisation and identify opportunities to enhance cost efficiency where possible (e.g. automation, outsourcing, centralisation etc).
What you need to have to succeed in this role
- University graduate in financial or economic subject or university graduate in Mathematics, Physics, Engineering or similar.
- Minimum five years prior Product Control professional experience.
- Deep financial product and valuation knowledge.
- Deep understanding of Financial Markets (products traded and their life cycle, accounting principles and valuation techniques.
- Excellent analytical skills and a proactive approach to problem solving.
- Excellent interpersonal skills and Team management experience is a must.
- Advanced MS Excel, MS Access and VBA is an advantage.
What we offer
- Competitive salary
- Annual performance-based bonus
- Additional bonuses for recognition awards
- Multisport card
- Private medical care
- Life insurance
- One-time reimbursement of home office set-up (up to 800 PLN).
- Corporate parties & events
- CSR initiatives
- Nursery discounts
- Financial support with trainings and education
- Social fund
- Flexible working hours
- Free parking
If your CV meets our criteria, you should expect the following steps in the recruitment process:
- Online behavioural test (for external candidates only)
- Telephone screen (for external candidates only)
- Zoom interview with the hiring manager
We are looking to hire as soon as possible so don’t wait and apply now!
You'll achieve more when you join HSBC.
We thank all interested candidates for their applications. We reserve the right to contact only selected candidates.
In case you would like to resign from participation in recruitment process or withdraw previously sent to us application, please email us at: krakow.recruitment@hsbc.com
Recruiter name
Ilenia Guglielmucci
Recruiter email
ilenia.guglielmucci@hsbc.com