Manager Product Control

Job Title: Manager Product Control 

Purpose of the role

Global Markets Product Control is a division of Global Banking and Markets Finance. Product Control ensures traded products are fairly valued, correctly accounted and disclosed with prudent valuations, reported to our regulators. Product control supports London, New York, Honk Kong, Paris, MENA, Ring Fence Bank and Holding entities.

Gurugram Product Control has three core production groups:

• Product Control for the hub trading sites (HK/UK/US/Paris)
• Satellite Sites
• Hedge Accounting

The Product Control team structure is aligned to the Markets trading groups. There are three Business aligned teams for London region (Global Debt Market, Equities and GFX/Market Treasury) and regional teams Hong Kong, Paris, New York, along with Internal Group Reconciliations, MENA and Holding entities. Each team performs P&L reconciliations, Journal Posting and B/S Substantiation for the respective regions in a multi-shift set-up. The role is an individual contributor at a managerial level focused on P&L reconciliation, Journal posting and B/S Substantiation across multiple asset classes. It involves close engagement with stakeholders in the sites and near-shore teams (Krakow and Manila), local team leadership as well as senior stakeholder management in Product Control, Accounting Control, IT, Operations & Change Management  

In this role, you will:

• Deliver timely and accurate daily and periodic reporting with high degree of accuracy and auditable controls
• Ensure service delivery of Product Control processes as per the standards set out in agreed SLAs within the HSBC Global Resourcing operating framework
• Demonstrate an expert understanding of Markets business and processes
• Understand and actively engage with stakeholder needs and manage expectations
• Assist the people manager in motivating and manage a team of finance professionals taking into account attritions, band progression, contingencies and expectations
• 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.
• Plan and schedule project activities aligned with the project plan and ensure timely completion of milestones.
• Ensuring BCP (business continuity plan) is documented, agreed and tested as per agreed timelines
• Ensure Global Resourcing operating framework taking into account key operational risk (including people & processes) and ways to mitigate
• Manage Product control processes in accordance with the group's FIM reporting requirements

To be successful you will:

• Chartered Accountant or equivalent accounting qualification, MBA (Finance) from a leading management institution with at least 4+ years of experience
• Experience in managing high end Accounting or Reporting & Analysis or finance and accounting activities
• Experience in reconciling & substantiating traded markets products e.g. FX, fixed income, equities and derivatives
• Strong accounting knowledge, including exposure to IFRS accounting.
• Exposure to diverse/multi-culture work environments with strong organization, time management and prioritization skills
• Technically proficient in systems and in MS Office, particularly Excel. Knowledge of other platforms such as PC Portal, TLM, Cadency and Saracen would be advantageous.
• Experience in Six Sigma/Lean methodology will be an advantage
• Comfortable working in a team which operates across multiple shifts, from HK to NY
• Experience of migrating processes including remote migrations

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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