VP GM Product Control, APAC MKTY PC/RHU Oversight

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HSBC is one of the largest banking and financial services organisations 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 realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Vice President Global Market Product Control, APAC MKTY PC/RHU Oversight.

Product Control (PC) is a critical support function to the Markets and Securities Services (MSS) and Markets Treasury (MKTY) businesses. It provides independent control and assurance of financials, product expertise, commercial insight and guidance to the business and other related support functions.

The role sits within a team that is responsible for the oversight of PC processes and deliverables with focus on quality, performance, and process design, to ultimately protect the quality of the bank’s financial statements. It also supports the delivery of process enhancements, remediation of identified deficiencies, projects, and ad hoc analyses.

In this role, you will:

• Production of meaningful information pack (including insights) to enable the oversight review by PC Management.
• Keep track of issues identified via oversight reviews so to ensure remediation is followed through.
• Product Control Senior Management
• Treasury and MKTY teams (business)
• Product Control teams (peer teams)
• The role is required to work closely and very collaboratively with several different teams (both within and outside Product Control)
• Of note, exceptional level of teamwork is required within Product Control (onshore and offshore). This should materialize via high level of proactiveness to help each other: to get things done, to resolve problems, to learn, and to ultimately become a stronger team.
• The very nature of this role is to enable a strong control environment via an organized, disciplined and pragmatic management of our processes and deliverables. To that end, it is imperative to fully understand everything we do (i.e. why we do it, how we do it, and how that benefits the business).
• Adopt a strong control mindset to everything we do:
• Continuously think about what could go wrong, how we can reduce the chances of things going wrong, as well as how we can mitigate the severity of impacts should things go wrong.
• Continuously reflect as to whether our processes are achieving their goals/purposes, and whether they are fit-for-purpose.
• Continuously challenge ourselves and our processes looking for opportunities to improve.

To be successful in this role, you should meet the following requirements:

Must Haves:

• University degree from reputable institution.
• Excellent communication skills in English (both written and verbal).
• Excellent knowledge and experience with Microsoft Excel and VBA being able to design: (a) well-structured processes, and (b) complex processes/computations.
• Excellent analytical skills being able to (a) leverage technology of various forms, (b) understand complex data flows within processes, (c) analyse large and complex datasets, (d) understand complex computations, (e) identify drivers for certain behaviours/outcomes, and (f) identify potential alternatives/solutions.
• Solid 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.
• High level of energy and drive to deliver change/improvement. Self-motivated and able to work independently in order to get things done with low level of guidance (i.e. receive a problem statement, and then figure out a solution with minimum guidance).
• Excellent organizational skills in order to manage competing priorities.
• High level of discipline to deliver on repetitive work that ought to be completed on a frequent basis and with rigorous level of control and quality

Desirable:

• Professional qualifications such as CFA, FRM, CAIA, etc.
• Understanding and/or experience in Treasury business (i.e. Transfer Price, IRRBB, etc).
• Understanding and/or experience in Hedge Accounting.
• Experience in managing projects.
• Experience with accounting controls for Financial Instruments.
• Experience in Fair Value Adjustments.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

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Issued by Hong Kong and Shanghai Banking Corporation Limited Philippines