Assistant Vice President Global Markets Product Control, HSBC

HSBC

Location:
Philippines

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

Save Job

Apply Position

Job Description:

The Valuation Control function ensures traded products are completely and accurately recorded in HSBC’s books and records in accordance with applicable accounting standards. Responsibilities include P&L Reporting, exception report monitoring, benchmark rate monitoring, balance sheet substantiation, valuation and market data review, audit coordination, and operational control. The candidate will liaise with various stakeholders and contribute to strategic change initiatives.

Job Responsibility:

Production, analysis, explanation and reporting of the daily trading profit and loss
Perform front-to-back reconciliations, inter-system reconciliations, and system delivery to ensure trade completeness and accuracy in P&L and reporting systems
Review and investigate daily exception reports
Perform inter-system reconciliations to ensure the integrity and consistency of the trade information recorded in the various systems utilized by the business
Provide independent review, monitoring and challenge across benchmark submissions made across the bank/business
Analyze data submitted to external calculating agents and provide independent commentary and challenge to the business performing the submissions
Ensure the bank’s internal controls around benchmark submission and administration are aligned to regulatory requirements
Provide system administration and governance for book opening process
Ascertain reasonableness, propriety and integrity of the account balances through reconciliation and substantiation
Review of adequate operational effectiveness of the Fair and Prudent Valuation Adjustments control framework
Review market data sources and issues raised by members of the Valuation Committee
Preparation of periodic reports primarily required for regional and group reporting
Coordination with internal and external auditors during regular audits
Monitoring and reporting of Key Risk and Key Process Indicators (KRIs and KPIs)
Participation in all strategic change initiatives including various projects and system/infrastructure enhancements within Product Control
Identify areas for process improvement and find innovative solutions.

Requirements:

Preferably with background in financial, economic, accounting or mathematical subjects
Product Control experience, preferably in FX, Rates, or Equities
Product Control experience (min 3 years), preferably in FX, Rates or Equities
Very good accounting and valuation knowledge
Very good written English and oral communication skills
Advanced MS Excel skills, quantitative skills, MS Access or VBA experience, or involvement in Robotics Process Automation (RPA) project 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.

Nice to have:

Advanced MS Excel skills
quantitative skills
MS Access or VBA experience
involvement in Robotics Process Automation (RPA) project initiatives
Professional qualification such as CPA, CFA and FRM.

What we offer:

Opportunities to develop
support and rewards to grow within an inclusive and diverse environment
flexible working.

Additional Information:

Job Posted:
October 06, 2025

Expiration:
October 20, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

View All Jobs In This Company

Job Link Share:

Assistant Vice President Global Markets Product Control