Assistant Vice President/Manager Global Markets 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 Manager Global Markets Product Control, ASP MKTY.

Role Purpose
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:

• Production, analysis, explanation and reporting of the daily trading profit and loss of the Hong Kong Markets Treasury business
• Review and investigate daily exception reports. This includes (but not limited to) monitoring of Primary Trading System and 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.
• Ascertain reasonableness, propriety and integrity of the profit and loss and balance sheet account balances through reconciliation and substantiation.
• The candidate is expected to proactively build and manage relationships with Product Control and Markets Treasury Front Office teams across Asia Pacific as well as other internal clients within Finance, Middle Office, Internal Audit, Change Team and IT.
• Assist the team and team lead in achieving the goals and objectives as established by Senior Management in Product Control.
• Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

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

• Preferably with background in financial, economic, accounting or mathematical subjects.
• Product Control experience (min 3 years), preferably in Treasury
• Very good accounting and valuation knowledge.
• Very good written English and oral communication skills.
• Advanced MS Excel skills, quantitative skills, VBA or Python experience
• 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.

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Issued by Hong Kong and Shanghai Banking Corporation Limited Philippines