Vice President Global Market Product Control, ASP MKTY

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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, ASP MKTY.

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 performs PC processes and deliverables supporting the Hong Kong Markets Treasury business, with a focus on quality, performance, and process design, to ultimately protect the quality of the bank’s financial statements. The role requires an understanding of key Profit & Loss (P&L) drivers and controls, and assisting in detection of inappropriate trading activity.

In this role, you will:

• Review and oversight of production, analysis, explanation and reporting of the daily trading profit and loss.
• Review and oversight of front-to-back reconciliations, inter-system reconciliations, and system delivery to ensure trade completeness and accuracy in P&L and reporting systems. This includes, but not limited to, reconciliation of Trader P&L Estimates to Actual P&L, P&L Attribution Analysis, Fair Value Adjustments, Independent Price Verification, Own Credit Spread, and Significant Trade Review.
• Review and investigate daily exception reports. This includes (but not limited to) monitoring of Primary Trading System vs General Ledger reconciliations, Back Office System exceptions, deal activity, controls over accrual books and hedge accounting
• Provide system administration and governance for book opening process.
• Ensure data integrity, manage system interfaces, maintain access/controls and own the production support for various financial data platform applications.
• Ascertain reasonableness, propriety and integrity of profit and loss and balance sheet account balances through reconciliation and substantiation.
• Perform reconciliation of balances and review of pertinent supporting documentation.

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

• Preferably with background in financial, economic, accounting or mathematical subjects.
• At least 5 years of Product Control or similar discipline experience, preferably in Treasury
• Track record on process improvement and change delivery.
• Team management / people management experience in previous roles.
• Very good accounting and valuation knowledge.
• Very good written English and oral communication skills.
• Advanced MS Excel skills, quantitative skills, VBA or Python experience, or involvement in AI initiatives is an advantage.
• Excellent analytical skills and a proactive approach to problem solving.
• Excellent interpersonal skills, ambitious, driven and enthusiastic.
• Professional qualification such as CPA, CFA and FRM will be an added advantage.
• Willing to work in shifts schedules, change on weekly statutory rest day and weekly contractual rest day from time to time, depending upon operational and/or business requirements.
• Flexible to work at such premises of the Company.

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.

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Issued by Hong Kong and Shanghai Banking Corporation Limited Philippines