
Head of India Offshore Teams Product Control
1 day ago
Job description
Some careers have more impact than others.
If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be.
HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 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 Head of India Offshore Teams Product Control
Business: Finance
Role Purpose:
Controllership is an expert function, that exists to deliver trust in the numbers that it is the custodian of, providing both insight and running controls and processes, enabling the business to grow and succeed safely. Controllership instils credibility with our regulators and drives understanding of HSBC's businesses. The Product Control (PC) function is an integral part of Controllership and provides independent control and assurance, product expertise, commercial insight and guidance to all businesses involved in trading activities throughout HSBC. We also partner the business to achieve sustainable financial performance. Reporting to the Global Head of Product Control, The Head of India GFC Product Control is a critical role in the Global PC structure, in charge of a team of circa 120 people, covering 3 main areas of Core Product Control and Valuations/ Analytics. India GFC supports Markets Securities Services and Markets Treasury businesses across the London, MENAT, and Paris hubs as well as sites such US and HK.
Core Product Control is responsible for ensuring the accurate reporting of Front Office based P&L and ensuring that the trading assets and liabilities are recorded at fair value. This includes providing an analysis of the components of P&L to provide insight into the apparent sources of P&L and enable assessment of these against expectation based on knowledge of trading portfolio, trading activity, market movements and other factors. The team is also responsible for ensuring that the Balance Sheet of the Markets Business is fully controlled and substantiated and has an extremely important and critical accounting control aspect and dimension
The Valuations and Analysis teams in Product Control are global team responsible for all aspects of the calculation of Fair Value for traded instruments in Markets and Securities Services (MSS), Markets Treasury (MKTY) and more widely across HSBC. Valuations and Analytics teams are part of Global Product Control and split into 4 main areas of Quantitative Analytics including Models, Fair Value Methodology and Production, and Reporting Governance & Analysis. The team supports Product Control, Market Risk Management, Front Office and undertakes work within all derivative asset classes with focus on those asset classes that make use of quantitative models. The Reporting team is responsible for reporting returns made by Product Control, this includes daily P&L management reporting, quarterly reporting and relevant disclosures reporting.
The role is primarily responsible for supporting the operational output of the teams as above, ensuring that the principals and processes that are in place to ensure the accuracy of HSBC financial statements for traded products across the Group, are independently checked for resilience and for compliance with internal and external policy and compliance with FIM (Functional Instruction Manual).
Principal responsibilities:
Leadership and Impact:
- Help design and implement an effective and agile organizational structure that drives standardization of support for PC (Product Control) globally. Remain integrated with the Controllership organization and explore avenues for efficiencies and collaboration.
- Demonstrate leadership and role model behaviors for the function and the business. Champion the Controllership and PC GFC delivery model and objectives, leading from the front.
- Lead and drive the development of PC frameworks and tools, engaging and leveraging both IT and change to achieve PC objectives.
- Ensure the creation of a sustainable and inspiring culture, with a balanced and fulfilling working environment to support performance and the aspirations of our identified talent.
- Provide consultative guidance to the PC leadership team to direct the implementation of policy and change initiatives that is practical and delivers measurable results.
- Drive efficiency of organizational structures and processes, including identifying and building the capabilities needed to meet the current and emerging business needs from PC globally.
- Drive the talent management agenda using a strategic mindset to develop key and critical talent, identifying and debating successors for key positions.
- Coaching and Development for leaders, facilitating provocative discussion, building leadership capability and authenticity.
- Lead conversations that drive the purpose, strategy, and values through all key decision-making areas.
Strategy:
- Maintain an Independent Control Function.
- Define future of the support structure required for Global Product Control (PC) capabilities required to deliver Global PC strategy and drive Europe & America's PC towards its desired target operating model, ensuring the model is maintained and updated as required.
- Drive continuous improvement, consistency and collaboration between teams in all locations. Increase efficiency and improved controls through procedure, process and cultural change.
- To develop and lead the team through major challenges of continuous migration and transformation whilst maintaining focus on controls and delivery.
Customer / stakeholder relationship:
- Provides relationship management and advice to PC management team on the strategic and operational challenges in tunning the centres, by leading the alignment to Global Controllership and PC strategy, articulating the value to the teams and to the business and other stakeholders.
- Proactively collaborates with the wider Controllership team to understand overarching core issues, to leverage ideas and ensure consistent services and processes providing a consistent employee and leadership experience of PC.
- Leads People related aspects of change programmes across the CIB and PC organisations, enabling others to commit to the journey, mobilising the cross functional resources required and taking responsibility for the change journey from design to delivery.
- Help the PC teams partner the CIB Business and CIB Business Finance to facilitate sustainable infrastructure, processes and control environment for new Products or Business Lines within CIB, provide a high level of service for the relevant stakeholders. (FO Global Markets Businesses, Product Control Exco, Market Risk Management, CIB Finance etc).
Risk:
- Active assessment and identification of reporting / control weakness impacting Group financial statements reported externally to shareholders.
- Ensure PC Best Practice Guidelines and other applicable regulatory standards are met. Ensure compliance with internal and external guidelines and policies, including FIM. Liaise with Internal/External audit and regulators where necessary. Ensure escalation paths across the global operating model are clear and well understood.
- Understand end-to-end Product Control processes and operating model, from trade booking in primary trading systems, through accounting and other operational systems to the general ledger and risk systems, market environment impact, p&l analysis, valuation adjustments, use of models and algorithms, and reporting to ensure key controls and the operational risk are known, understood and controlled/mitigated.
- Enforcing robust risk governance and ensuring Risk Owners, Control Owners and Stakeholders manage key risks and remediation activity in a timely manner.
- Identification and resolving production exceptions and working closely with local and in-country teams to resolve exceptions.
- To operate in the most effective, efficient and commercial manner balancing risk and rewards.
Cost:
- Maintain focus on cost efficiency and identify opportunities to enhance cost efficiency where possible (e.g. automation, outsourcing, centralization etc).
- Oversight of hiring, budget considerations, interviewing, etc.
- Work with key stakeholders to agree Annual Operating Plans and coordinate reviews to ensure achievement of plan. Managing the annual PC AOP (Annual Operating Plan) cycle.
Customers / Stakeholders:
- Global Finance Centre Senior Management
- Global / HBEU (HSBC Bank plc) / HBCE / HBUS (HSBC USA) and Other Site Product Control & PC Senior Management
- HBEU / HBCE / HBUS and Other Site Product Control teams
Leadership & Teamwork:
- Work with other areas within Finance Globally (all major PC sites globally including Manilla, Mexico and Krakow).
- Liaise and work together with key stakeholders.
Operational Effectiveness & Control:
- Ensure that there is full compliance with the Global Markets FIM (Functional Instruction Manual).
- Integrity, conduct and performance against ethical standards.
- Documented knowledge of the role
- Facilitate automation of manual processes to improve productivity.
- Prompt resolution of problem issues and management queries related to the relevant product lines
Major Challenges:
- This is a high-profile role with a large team that is being led through a change and transformative process, in a changing market environment with challenges around retention and development of talent.
- The role requires engagement with multiple senior stakeholders, other onshore stakeholders in order to fully understand expectations and delivery requirements.
- Effective utilization of PC resources ensuring that stakeholder expectations can be met whilst maintaining appropriate control standards.
- Rapid response to issues as they arise. Ability to drive quickly to the heart of an issue and propose appropriate solutions is key.
- This is a complex and operationally demanding area that will require monitoring and hands on engagement.
Role Context:
- The position provides key operational and strategic oversight of India GFC Product Control. The role is a senior role within the Global PC structure overseeing a team of 100 individuals in multiple sites within the country and interacting with multiple countries globally. The India GFC PC team is growing in expertise and knowledge and will be expected to build upon this through a period of increased migration and transformation.
Management of Risk:
- Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.
Observation of Internal Controls:
- Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
- Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.
Role Dimensions:
- Management of India GFC PC Budgets and Costs and ensure these are in-line with AOP.
- Oversight of resourcing and future budget planning.
- Driving PC and Business Transformation Goals across the Function.
Requirements
- University graduate from a reputed institution in financial or economic subject or in Mathematics, Physics, Engineering or similar, with c. 10 years of relevant experience. Master's degree in finance/MBA or CA/CPA professional accounting qualification will be an advantage.
- Significant experience in Product Control and knowledge of Markets Business products, accounting, valuations, controls, systems and models.
- Strong analytical skills and a proactive approach to problem solving.
- Excellent interpersonal skills with people management experience handling large teams.
- Excellent written English, oral communication and comprehension skills, and presentation skills.
- Strong communication (both verbal and written English) and presentation skills.
- Sound judgment and problem-solving skills, ability to think laterally.
- Ability to establish and maintain strong collaborative partnerships across HSBC.
- High level of professional and personal integrity.
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.
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.
...Issued By HSBC Electronic Data Processing (India) Private LTD...
-
Team Member
2 days ago
Gurgaon, Haryana, India Bank of America Full time ₹ 4,00,000 - ₹ 6,00,000 per yearJob Description:About Us At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to...
-
Global Product Control Expert
17 hours ago
Gurgaon, Haryana, India beBeeLeadership Full time ₹ 3,88,09,600 - ₹ 5,32,52,000Job Title: Global Product Control ExpertIn this high-profile leadership role, you will oversee a team of professionals across multiple sites in India, working closely with global stakeholders to deliver strategic oversight of product control.Key Responsibilities:Design and implement an effective organizational structure that drives standardization of support...
-
Team Leader
2 days ago
Gurgaon, Haryana, India Bank of America Full timeJob DescriptionJob Description:About us.At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a...
-
Gurgaon, Haryana, India EXPNOVATEUR TECH PRIVATE LIMITED Full timeBusiness Development Head - India Market Our client is a leading Lifestyle brand that has been creating beautiful homes since 1992. They deal in products placed in Bedrooms, Dining and Living rooms of Luxury homes comprising of fabrics, furniture, bed & bath linen and dcor with a focus on Simple Quiet Luxury Living. The Role: The client is currently looking...
-
Team Leader
3 days ago
Gurgaon, Haryana, India Bank of America Full time US$ 6,00,000 - US$ 12,00,000 per yearJob Description:About us*At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to...
-
Quality Control Head
2 weeks ago
Gurgaon, Haryana, India Michael Page Full timeLead quality control in luxury fashionShape the future of high-end craftsmanshipAbout Our ClientThe client is a prestigious luxury fashion brand known for its dedication to high-quality craftsmanship. They blend traditional textile techniques with modern design to create timeless, ready-to-wear collections.Job DescriptionDevelop and implement quality control...
-
Design Head
4 weeks ago
Gurgaon, Haryana, India bussinesslab Full timeJob Title Design Head - Electrical Switchboards Location Udyog Vihar Gurgaon Experience Required 10 to 15 Years Salary - 15Lpa to 24Lpa Qualification B Tech Electrical or Diploma in Electrical Engineering Industry Electrical Panels Switchboard Manufacturing - LV MV Job Summary Milestones Switchgears Pvt Ltd is seeking an experienced and...
-
Production Head
2 weeks ago
Gurgaon, Haryana, India Michael Page Full timeLead end-to-end premium apparel production.Craft-led brand with cultural depthAbout Our ClientOur client is a pioneering Indian fashion house known for its deep-rooted connection to heritage textiles, artisanal techniques, and a refined, contemporary aesthetic. They celebrate cultural authenticity while delivering globally relevant designs. With a commitment...
-
Gas Turbine – Integrated Product Team
3 weeks ago
Gurgaon, Haryana, India Siemens Full timeCan we energize society and fight climate change at the same timeAt Siemens Energy we can Our technology is key but our people make the difference Brilliant minds innovate They connect create and keep us on track towards changing the worlds energy systems Their spirit fuels our mission Our culture is defined by caring agile respectful and...
-
Head of Legal India
2 days ago
Gurgaon, Haryana, India Ciena Full time US$ 9,00,000 - US$ 12,00,000 per yearAs the global leader in high-speed connectivity, Ciena is committed to a people-first approach. Our teams enjoy a culture focused on prioritizing a flexible work environment that empowers individual growth, well-being, and belonging. We're a technology company that leads with our humanity—driving our business priorities alongside meaningful social,...