HSBC Group

At HSBC, our purpose is opening up a world of opportunity and by joining our team, you can be part of something bigger! We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible.

In Finance department, you will be part of Product Control service who assures management, shareholders, and regulators that the global markets portfolio is correctly and consistently valued and accounted; advises on and quickly accommodates new business; all at a competitive cost. This enables shareholders to gain value from the integrity of our financial information and supports Global Markets’ cost efficiency targets. Product Control is a key control function, part of finance and independent of Front Office, responsible for ensuring the complete and accurate recording of Global Markets activities within the books and records of HSBC, in accordance with applicable accounting standards.

The Product Control team is responsible for ensuring that the daily P&L is produced and analyzed accurately on a timely basis and within daily reporting deadlines. Commentary should be provided for all material attributes of the daily P&L, including inconsistencies between P&L and risk. Quality analysis should be produced to support any requirement to adjust trader P&L and to enable effective review by Line Management.
This role has an international dimension, you will be permanently in contact with other HSBC teams in London, Krakow, or India. Also, Product Control is a key point for all market activities, that mean you will be always in relation with other Finance services but also with other business of the bank like Front Office or Back Office.

What you will do:

• Primary oversight and escalation for team specifically around the day-to-day PL production and review of Primary Trading System Sourced P&L, P&L commentary and P&L attribution within a team based across Paris, Krakow, and India

• Proactively drive forward a continuous improvement programme for all activities including increasing efficiency and controls through procedures/systems change process

• Work with Valuations to ensure accurate pricing and measurement of assets and liabilities

• Presentation of the business view of the P&L and Balance Sheet to traders and trading management

• Oversee the production of information on the trading desk’s funding position, ensure that all team members have appropriate training

• Build relationships with key stakeholders including other Product Control Functions, IT, Operations, Front Office, Group Finance, Market Risk Management and Credit Risk Management

• In addition, as owner of Accounting Risk, PC are responsible for Financial Reporting controls including Balance Sheet Substantiation and FX Sell off, providing guidance & advice across teams and keeping the FO and Group Finance abreast of any concerns around disclosure and completeness

In this role you will:

Principal Accountabilities, key activities, and decision-making areas:

• Driving change in the Product Control area, both strategic and tactical

• Management and sign off month end balance sheet attestations & commentaries

• Attend Business Control Forums and ensure effective escalation and cascade of issues in adherence to NFR principles, ensure compliance with audit recommendation, FIM and maintenance of the control environment

You should apply if you have:

• Good analytical skills, supported by numerate or social science degree

• 3 years of working experience in Product Control/ Trade support/ Market Risk roles is a plus

• Good knowledge of the Fixed Income asset class

• Effective communication and interpersonal skills to be able to face off to management, both oral and written

• Good skills with Office software (Excel, Word, Access), excellent relationship management skills, being able to face off with key Senior Stakeholders, such as Desk Heads, and provide summary of issues and business summaries to Senior Product Control management as and when requested.

• Demonstrated success working proactively both independently and in teams. Familiarity with operating in an environment where high levels of autonomy and accountability are the norm.

• Ambitious and motivated – a “self-starter” who is proactive and driven
   

Desirable :

• Familiarity with Bloomberg, Summit, Murex an advantage
• MSc in numerical discipline an advantage

Even if you feel you do not meet 100% of our qualifications, we encourage you to apply, if you believe this role is right for you.
 
Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best.
 
If you have a need that requires accommodations or changes during the recruitment process, please let us know.

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.

For further information on building your career at HSBC, please visit: www.hsbc.com/careers