Job Title: COO (GFC) - Accting and Anlys
Purpose of the role
- Product Control is part of Controllership. Product Control ensures traded products are fair valued, correctly accounted and disclosed with prudent valuations, reported to our regulators and Management. We also partner with the business to achieve sustainable financial performance.
- The Product Control GSC team is responsible for end-to-end product control tasks including but not limited to preparation, analysis, and reporting of P&L and P&L attribution, to ensure the accuracy and integrity of the general ledger and balance sheet. The individual will be responsible for handling end-to-end PC processes for the European / Middle East Sites.
In this role, you will:
Principal Accountabilities and Responsibilities
- To act as an individual contributor delivering P&L production, analysis & commentaries, P&L, and Balance Sheet Reconciliations & substantiation, and have sound knowledge of products, valuation, and reporting activities pertaining to Global Markets business.
- Demonstrate a sound understanding of Markets business and processes
- Observance to Group policies, audit, controls, and compliance requirements including but not limited to declaration of secrecy, data protection act, health, safety and security, information security, clear desk policy
- Responsible for ensuring that the service delivery of Finance Product Control processes per the standards set out in agreed SLAs within the HSBC Global Resourcing operating framework considering key operational risks and ways to mitigate them and operating a well-defined control environment.
- Responsible for ensuring that the PC ‘Controls ‘are aligned to the Global standards and highlight in case of deviation.
- 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.
- Undertake measures to initiate and implement high-impact quality projects leading to operational efficiency and higher productivity (Within Six Sigma, Lean process improvement methodology)
- Undertake the continuous review of processes with the objective of improving the service delivery timeframes and identifying areas of improvement.
- Manage stakeholder relationships with In-country teams / Near-shore teams & IT teams
- Undertake measures to effectively drive and manage change, plan business contingency and achieve cross-training
- Responsible for ensuring BCP (business continuity plan) is documented, agreed and tested as per agreed timelines
- Responsible for ensuring all SOPs (standard operating procedures) are in place and updated appropriately
- Manage Product control processes in accordance with the group’s FIM reporting requirements
Leadership & Teamwork
- Effective communication with the team members on organization strategy and goals required for the respective roles and responsibilities.
- Motivate, develop, reward, and recognize team members in order to meet process deliverables, manage staff expectations, achieve efficiency in operations, and maintain work-life balance.
- Create an environment within the team that fosters free sharing of knowledge & ideas.
- Develop the soft skills and technical competency of the team by putting together a personal development plan.
- Ensuring that within the team there is succession planning, talent management, performance management, and improved employee engagement
Others
Customers / Stakeholders
- Establish and maintain effective relationship with business areas and identify areas of service improvements by implementing regular calls and feedback mechanism.
- Influence and escalate key customer issues in an effective way to ensure timely resolution.
- Continuous reviews of the customer issues and ensure products and services are tailored on an on-going basis to meet expectation.
- Engage with Front office timely and address their concerns.
- Represent your Site/ Region at various forums like Oversight, KPI, Project calls etc.
To be successful you will:
Functional Knowledge
- University degree from a reputable institution
- Excellent communication skills in English (both written and verbal)
- Experience in partnering with senior stakeholders, and handling conflicts
- Minimum 2 years of experience in related fields (i.e., Product Control, Valuations, etc)
- Understanding of financial markets products (i.e. debt securities, money markets instruments, FX swaps, Interest Rates Swaps, Cross Currency Swaps, etc). This entails the understanding of valuation techniques, associated risk sensitivities (i.e. Greeks), and risk factor P&L analysis
- Strong analytical and problem-solving skills.
- Experience in driving project implementation
Desirable:
- Understanding and/or experience in Treasury business
- Understanding and/or experience in Hedge Accounting
- Experience with accounting controls for Financial Instruments
- Knowledge and experience with a programming language (i.e. VBA, Python, SQL, C++, etc)
- Professional qualifications such as MBA, CA, CFA, FRM, etc,
Hsbc.Com/Careers
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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