Assistant Vice President Global Markets Product Control, HSBC

HSBC

Location:
Philippines

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

The Valuation Control function is responsible for ensuring that traded products are completely and accurately recorded in HSBC’s books and records in accordance with applicable accounting standards. Valuation Controls ensure appropriate valuation of the traded products portfolio, an understanding of key Profit & Loss drivers, assessment of execution margins, and assist in detecting inappropriate trading activity.

Job Responsibility:

Providing financial accounting, control and analytical support to the Markets business
Performing front-to-back reconciliations, inter-system reconciliations, and system delivery
Reviewing and investigating daily exception reports
Providing independent review, monitoring and challenge across benchmark submissions
Ensuring integrity of the trade information and controls over book processes
Conducting balance sheet substantiation and reconciliation of balances
Reviewing operational effectiveness of Fair and Prudent Valuation Adjustments control framework
Preparing periodic reports required for group and regional reporting
Coordinating with internal and external auditors during regular audits
Monitoring and reporting of Key Risk and Key Process Indicators (KRIs and KPIs)
Participating in strategic change initiatives and identifying process improvements.

Requirements:

Background in financial, economic, accounting or mathematical subjects
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:

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

What we offer:

Continuous professional development
Flexible working
Inclusive and diverse environment
Opportunities to grow.

Additional Information:

Job Posted:
June 18, 2025

Expiration:
July 01, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Assistant Vice President Global Markets Product Control