HSBC Group

Business: Finance

Open positions: 1

Role Title: Manager – Product Control (Individual Contributor), GSC's

Global Career Band: 6

Location: Gurugram

Recruiter Name :  Megha Pokhriyal

Why join us?

• 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 Product Control GSC team is responsible for end-to-end product control tasks including but not limited to preparation, analysis and reporting of P&L and P&L attribution, to ensure the accuracy and integrity of the general ledger and balance sheet. The individual will be responsible for handling end to end PC for the European or Middle East Sites.

What you’ll do:

Principal Accountabilities KPI and Targets

• Individual is expected to act as an individual contributor delivering P&L production, analysis & commentaries, P&L and Balance Sheet Reconciliations & substantiation, have sound knowledge of products, valuation and reporting activities pertaining to Global Markets business.
• Ensure service delivery of Finance Product Control processes per the standards set out in agreed SLAs within the HSBC Global Resourcing operating framework considering key operational risk (including people & processes) and ways to mitigate them and operating a well-defined control environment.
• Ensure PC ‘Controls ‘are aligned to the Global standards and highlight in case of deviation.
• Initiate and implement high-impact quality projects leading to operational efficiency and higher productivity (Within Six Sigma, Lean process improvement methodology)
• Continuous review of processes with the objective of improving the service delivery timeframes and identify areas of improvement.
• Initiate and implement high-impact quality projects leading to operational efficiency and higher productivity (within Six Sigma, Lean process improvement methodology.

Typical KPI and Targets

• Performance Standards as defined in SLA met or exceeded.
• Efficient delivery of activities assigned.
• Re-engineering opportunities identified and implemented.
• Feedback on service delivery received from Business Area
• Timely and accurate delivery of process objectives per the agreed SLA along with Zero control issues
• To maintain the HSBC Internal Control standards including the timely implementation of internal and external audit points, together with any issues raised by external regulators.

To act with a high level of integrity, conduct and performance against ethical standards.  All employees should exemplify the highest standards of personal and professional ethics in all aspects of our business and comply fully with the spirit and the letter of the laws, rules and practices that govern the HSBC group globally.  Key business values that support this include

• the highest personal standards of integrity at all levels.
• commitment to the truth and fair dealing
• openly esteemed commitment to quality and competence.
• adherence to the HSBC code of conduct

Customers / Stakeholders

• Establish and maintain effective relationship with business areas and identify areas of service improvements by implementing regular calls and feedback mechanism.
• Influence and escalate key customer issues in an effective way to ensure timely resolution.
• Continuous reviews of the customer issues and ensure products and services are tailored on an on-going basis to meet expectation.
• Engage with Front office timely and address their concerns.
• Represent your Site/ Region at various forums like Oversight, KPI, Project calls etc.

Leadership & Teamwork

• Effective communication with the team members on organization strategy and goals required for the respective roles and responsibilities.
• Motivate, develop, reward, and recognize team members in order to meet process deliverables, manage staff expectations, achieve efficiency in operations and maintain work-life balance.
• Create an environment within the team which fosters free sharing of knowledge & ideas.
• Develop the soft skills and technical competency of team by putting together a personal development plan.
• Ensuring that within the team there is succession planning, talent management, performance management and improved employee engagement.

Operational Effectiveness & Control

• Adherence to Group policies, audit, controls, and compliance requirements including but not limited to Declaration of secrecy, data protection act, health, safety and security, clear desk policy.
• To 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.
• Effectively drive and manage change, plan business contingency, and achieve cross-training.
• Ensuring BCP plan is documented, agreed with business partner and tested as per agreed timelines.
• Ensure that there is full compliance with the Global Markets FIM, Internal Control Objectives
• Integrity, conduct and performance against ethical standards.
• Documented knowledge of current role

What you will need to succeed in the role:

Qualification

• University degree from reputable institution
• Excellent communication skills in English (both written and verbal)
• Experience in partnering with senior stakeholders, and handling conflicts
• Minimum 2 years of experience in related fields (i.e., Product Control, Valuations, etc)
• Understanding of financial markets products (i.e. debt securities, money markets instruments, FX swaps, Interest Rates Swaps, and Cross Currency Swaps). This entails the understanding of valuation techniques, associated risk sensitivities (i.e. Greeks), and risk factor P&L analysis
• Interpersonal skills: persistent, ability to work effectively with senior & junior staff, ability to challenge inputs from senior colleagues in a constructive manner, co-ordinate work across multiple teams, multi-task.
• Strong analytical and problem-solving skills.
• Experience in driving project implementation

Desirable:

• 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,

Link to Candidate User Guide:

https://hsbchrdirect.service-now.com/nav_to.do?uri=%2Fhrsp%3Fid%3Dkb_article_preview%26sys_id%3D0c6b11641b6a9810cec0553a2d4bcb2a

You’ll achieve more at HSBC

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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