Avp - Product Control (Individual Contributor) Gsc's

**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 organizations 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 realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of **AVP - Product Control (Individual Contributor)**

**Principal responsibilities**:

- Individual is expected to act as an individual contributor delivering P&L production, analysis & commentaries, P&L and Balance Sheet Reconciliations & substantiation, Hedge Designations/Documentations, De-designation & Re designations (Fair Value, Cash Flow Hedge
- Micro and Macro and Fair Value Options), have sound knowledge of Interest rate Swaps & Bond valuation and reporting activities pertaining to Global Markets business.
- To ensure all Hedge Accounting processes were performed in line with Hedge Accounting FIM and SOX compliances.
- Ensure service delivery of Finance Product Control processes per the standards set out in agreed SLAs within the HSBC Global Resourcing operating framework taking into account key operational risk (including people & processes) and ways to mitigate them and operating a well-defined control environment
- Functionally manage a team of finance professionals managing contingencies, learning & development, succession & progression planning, expectations and attrition management.
- 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
- Timely and accurate delivery of process objectives per the agreed SLA along with Zero control issues
- The annual Internal Audit Review will determine whether the team is in full compliance with the Global Markets FIM (Hedge Accounting FIM 63)
- 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 levels 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

Requirements
- Qualified Chartered Accountant/ CWA/CPA /CFA / MBA from Tier I/II institute with at least 8+ years of experience in Product Control or Global Markets environment and organization of similar scale with US GAAP, IFRS, IAS reporting framework
- Knowledge of Product Control functions in a banking environment with exposure to Traded markets products is mandatory.
- Knowledge of various Global Market products like Equities, Foreign Exchange, fixed income, Derivatives - Options, Interest rate swaps, Credit Derivatives etc.
- Good knowledge of IAS 39/IFRS 9 is mandatory, specifically related to Hedge Accounting strategies.
- Proven ability to manage migrations of finance processes and exposure to diverse/multi-culture work environments with strong organization, time management and prioritization skills
- Excellent communication skills and presentation skills are mandatory, as are good tact and diplomacy, as the role requires relationship management with other individuals and teams within the HSBC Group
- Interpersonal skills: persistent, ability to work effectively with senior & junior staff, ability to challenge inputs from senior colleagues in a constructive manner, ability to give feedback positively, co-ordinate work across multiple teams, multi-tasker
- Orientation towards Quality (Six Sigma/Lean methodology) and technical bent of mind
- Proficiency in MS Office Suite; Exposure to Project Management Software and experience in working on MS Access databases
- Ideally, experience of functionally managing team of between 3-5 members or experience of being a senior/deputy within a team.
- Global Exposure and experience in multi-tasking

**Issued by HSBC Electronic Data Processing (India) Private LTD