Job Description

Job description Business: Global Finance Open positions: 1 Role Title: Assistant Manager (Sites) - Product Control, GSC\'s Global Career Band: 7 Location : Gurgaon Recruiter Name : Madhura Chetan Gupte Why join us Global Markets Product Control is a division of Global Banking and Markets Finance responsible for the production and independent validation of Global Markets\' profit and loss and balance sheet. Overall, Product Control ensures that accounting policies are correctly and consistently applied and that trading portfolios are appropriately valued. The Satellite Site team is responsible for end to end product control tasks including but not limited to preparation, analysis and reporting of P&L and 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 for European/Middle East Sites. The individual should ensure high daily service delivery standards and ensure effective controls around all the processes. The individual needs to work closely with front office, Middle office & Valuation control IT, Operations, Change Management teams. The employee is expected to handle the desk on his/her own, flexible to work with changing shifts and able to support the business in all circumstances. The individual is expected to have expertise of financial products, understanding of business strategy, full ownership of P&Ls and core reconciliations, lead change projects (workspace and regulatory) as well as the ability to communicate effectively at a senior level with all stakeholders. The Opportunity: As an individual contributor, he/she is expected to deliver P&L production, analysis & commentaries, P&L and balance sheet reconciliations & substantiation and reporting activities pertaining to the Global Markets business. Ensure service delivery of Finance Product Control processes per the standards set out in agreed SLAs within the HSBC Global Resourcing operating framework taking into account key operational risk (including people & processes) and ways to mitigate them and operating a well-defined control environment. Initiate and implement high-impact quality projects leading to operational efficiency and higher productivity (within Six Sigma, Lean process improvement methodology). Continuous review of processes with the objective of improving the service delivery time frames and identify areas of improvement. Providing assistance to the people manager in day-to-day and periodic reporting requirements and provide leave and off-days cover for him. Performance Standards as defined in SLA met or exceeded Minimal errors Six Sigma approach Re-engineering opportunities identified and implemented Feedback on service delivery received from Business Area Resolution of exceptions and outstanding breaks and prompt escalation for material issues. High quality investigations and analysis produced, appropriate commentaries for movements and accuracy of observations Ensuring nil high or medium risk Group Audit observations. Be joined up with business partners at all levels and maintain a confident, skilful, intelligent, and reassuring connect to encourage GFC Product control being an integral point of contact in all new initiatives by Global PC. Manage stakeholder relationship with - In-country teams - Product Control, Operations, Valuation control, Risk, Finance, Senior Management, IT teams Timely and accurate MI produced with minimal queries against required deadlines All queries acknowledged and resolved in a timely manner Adherence to Group policies, audit, controls, and compliance requirements including but not limited to Declaration of secrecy, data protection act, health, safety and security, clear desk policy To continually assess the operational risks inherent in the processes, taking account of changing operating procedures, legal and regulatory requirements and the impact of new technology. Assist people lead in effectively driving and managing change, plan business contingency and achieve cross-training Assist people lead in ensuring BCP plan is documented, agreed with business partner and tested as per agreed timelines. Constant focus on operating efficiently and improving processes while maintaining a strong control environment Timely and accurate delivery of process objectives per the agreed SLA Zero control issues Re-engineering opportunities identified and implemented for effective control and time management. What you\'ll do: Management of Risk (Operational Risk / FIM requirements) Manage Product Control processes in accordance with the group\'s FIM reporting requirements Ensure all regulatory reporting requirements are considered e.g. SOX Any process re-engineering must comply with the applicable control environment Observation of Internal Controls (Compliance Policy / FIM requirements) Adherence to Group Finance Instruction Manual and departmental controls Requirements What you will need to succeed in the role: Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute with at least 2+ years of experience, or Graduate in Commerce with 4+ years of relevant experience in Product Control or Global Markets environment and organization of similar scale with US GAAP, IFRS, IAS reporting framework with an interest and aptitude for derivative products Knowledge of Product Control functions in a banking environment with exposure to traded markets products will be an advantage. Expert knowledge of various financial products including but not limited to Interest Rate swaps, Cross Currency & Basis swaps, Forward Rate Agreements, Equity Derivatives, Credit Derivatives, Bonds, Repos, FX Options, Money Market instruments, Credit default Swaps, Total Return Swaps, FX products etc. Proficiency in MS Office Suite expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage. Ability to manage migrations of finance processes and exposure to diverse/multi-culture work environments with strong organization, time management and prioritization skills. Accounting knowledge specializing in derivative products and fixed income products. Excellent communication skills and presentation skills are mandatory, as are good tact and diplomacy, as the role requires relationship management with other individuals and teams within the HSBC Group Interpersonal skills: persistent, ability to work effectively with senior & junior staff, ability to challenge inputs from senior colleagues in a constructive manner, ability to give feedback positively, co-ordinate work across multiple teams, multi-task. Ability to multitask and deliver quality work under pressure. Ability to deliver projects and processes Strong analytical and problem solving skills with good attention to detail. Flexibility to travel and readiness to work in shift hours in different time zones. Link to Candidate User Guide: 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.\' Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website. ...Issued By HSBC Electronic Data Processing (India) Private LTD...

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