Avp Product Control - Mumbai, India - HSBC

HSBC

Verified Company

Mumbai, India

3 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Some careers open more doors than others.
If you are looking for a career that will unlock new opportunities, join HSBC and experience the possibilities.

Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Global Finance

Global Finance is integral to HSBC's purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way.

Our global team of finance professionals partner with the business to provide trusted insights and forward looking analysis; accuracy; efficiency and control to frame and influence business decisions.

We are currently seeking an experienced professional to join the Global Markets Product Control team.

Principal Responsibilities

Analysis & review of Daily P&L for all Global Markets (GM) asset classes including Forex, Forex Derivatives, Interest Rate Derivatives, Fixed income, Money Market & other Structured Products
Strong understanding of Valuation Principles of Global Markets products
Computation & accounting of various Fair Value adjustments including Credit / Debit Value adjustments; OIS/IBOR valuation adjustments
Assist in independent monitoring of different Global Markets benchmarks
Review & validation of endofday market data to be uploaded in various GM systems for EOD Valuation, stale price checks along with building controls around the data sources.
Reporting of various financial and management reports as prescribed by applicable regulation like RBI / HKMA / PRA etc. and ensuring adherence to HSBC's internal guidelines related to P&L, valuation and balance sheet controls.
Periodic review of various internal policies on Fair Valuation Adjustments, Prudent Valuation Adjustments, Fair Value Levelling, Day1 PL reserving etc.
Close involvement in handling various audit requirements of local regulatory audit, internal audit, statutory audit & other compliance reviews along with working towards the closure of audit findings.
Participate in Product Control related IT projects by providing User requirements, performing UAT & post implementation reviews.
Understand Risk and Control framework including SOX and help track and escalate incidents and operational losses related to PC.

Requirements

A strong understanding of finance processes and an accountancy or finance post graduate degree
Relevant experience (min. 2 years) in a finance environment, with a wide product knowledge across a number of global markets asset classes
Strong understanding of the traditional Global Markets trade lifecycle and of the relevant risk control principles within this
Experience of working in a similar organizational structure with a number of onshore and offshore contact points and managing teams
Good analytical and database skills. Ability to work with large amounts of data, analyse the same and present them in a concise meaningful form.
A strong written and verbal communicator, used to interacting with colleagues and stakeholders at all levels including senior leadership teams

Useful Link

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HSBC is 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.