Manager, Markets Treasury Product Control

Job Advert Details Some Careers Grow Faster Than Others. If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. 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. Our sector-focused Banking relationship managers provide a single coverage point for multi-national clients. With our global capabilities and footprint, vast expertise and local knowledge, our Banking teams connect clients to the products and services that meet their global financial needs. We are currently seeking a high caliber professional to join our team as an Manager, Markets Treasury Product Control. 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 responsible for the oversight of PC processes and deliverables with focus on quality, performance, and process design, to ultimately protect the quality of the bank’s financial statements. It also supports the delivery of process enhancements, remediation of identified deficiencies, projects, and ad hoc analyses. Principal Accountabilities: Impact on the Business

• Production of meaningful information pack (including insights) to enable the oversight review by PC Management.
  
• Keep track of issues identified via oversight reviews so to ensure remediation is followed through.
• Perform in-depth process reviews with focus on quality and efficiency. These reviews should identify errors, control gaps, and inefficiencies.
• Keep track of issues and opportunities identified via in-depth process reviews so to ensure agreed actions are followed through.
• Monitor the production of key PC deliverables so to ensure they are completed on a timely fashion and that they fall within expected ranges.
• Drive the implementation of process enhancements, remediating actions, and projects. This includes coordination as well as hands-on participation (i.e. analysis, testing, proposing solutions, highlighting risks, making changes to processes, etc).
• Establish a strong partnership between onshore and offshore teams by demonstrating high levels of (a) business expertise, (b) accountability, (c) responsiveness, (d) process understanding, (e) energy to change things and make them better, and (f) proactiveness to help each other.
• Establish a strong partnership with the business by demonstrating high levels of (a) understanding of business strategies, (b) understanding of business operating processes/systems, (c) engagement, (d) responsiveness, and (e) results orientation.
• From time to time, the execution of production processes may be needed (i.e. controls, reports, journals, etc).
• Where required, to support the resolution of day-to-day process/reporting issues.

Customers / Stakeholders

• Product Control Senior Management
• Treasury and MKTY teams (business)
• Product Control teams (peer teams)
• Change Management Team
• Business Finance team
• Other Finance teams (i.e. CAO, Financial Control, Reg Rptg, GAP, etc)

Leadership & Teamwork

• The role is required to work closely and very collaboratively with several different teams (both within and outside Product Control)
• Of note, exceptional level of teamwork is required within Product Control (onshore and offshore). This should materialize via high level of proactiveness to help each other: to get things done, to resolve problems, to learn, and to ultimately become a stronger team.
• The role is required to lead the delivery of several processes/projects (i.e. day-to-day processes, oversight reviews, in-depth reviews, new initiatives, process improvements, remediation of controls gaps, etc). As such, the incumbent will have to:
• Communicate effectively with individuals at various levels of seniority across multiple teams.
• Be very organized and disciplined in order to keep involved parties engaged and moving forward at pace.
• Do not expect to be told how to do the job. Supervisors will typically provide guidance focused on expected outcomes as opposed to step-by-step instructions. The role holder is expected to learn the job based on documented procedures and from guidance provided by peers. Where gaps in understanding arises, supervisors and senior staff are expected to proactively help fill the gap

Operational Effectiveness & Control

• The very nature of this role is to enable a strong control environment via an organized, disciplined and pragmatic management of our processes and deliverables. To that end, it is imperative to fully understand everything we do (i.e. why we do it, how we do it, and how that benefits the business).
• Adopt a strong control mindset to everything we do:
• Continuously think about what could go wrong, how we can reduce the chances of things going wrong, as well as how we can mitigate the severity of impacts should things go wrong.
• Continuously reflect as to whether our processes are achieving their goals/purposes, and whether they are fit-for-purpose.
• Continuously challenge ourselves and our processes looking for opportunities to improve.
• Speak up: Whenever something seems to be wrong, there is a very good chance that they are indeed wrong. Therefore, speak up and encourage others to do the same.
• Where controls gaps and/or enhancement opportunities are identified, the role holder is expected to drive their delivery (i.e. planning and execution).
• Ensure full compliance with the MSS FIM.

Qualifications Must Haves:

• University degree from reputable institution.
• Excellent communication skills in English (both written and verbal).
• Excellent knowledge and experience with Microsoft Excel and VBA being able to design: (a) well-structured processes, and (b) complex processes/computations.
• Excellent analytical skills being able to (a) leverage technology of various forms, (b) understand complex data flows within processes, (c) analyse large and complex datasets, (d) understand complex computations, (e) identify drivers for certain behaviours/outcomes, and (f) identify potential alternatives/solutions.
• Solid understanding of financial markets products (i.e. debt securities, money markets instruments, FX swaps, Interest Rates Swaps, and Cross Currency Swaps). This entails the understanding of valuation techniques, associated risk sensitivities (i.e. Greeks), and risk factor P&L analysis.
• High level of energy and drive to deliver change/improvement. Self-motivated and able to work independently in order to get things done with low level of guidance (i.e. receive a problem statement, and then figure out a solution with minimum guidance).
• Excellent organizational skills in order to manage competing priorities.
• High level of discipline to deliver on repetitive work that ought to be completed on a frequent basis and with rigorous level of control and quality.

Desirable:

• Professional qualifications such as CFA, FRM, CAIA, etc.
• Understanding and/or experience in Treasury business (i.e. Transfer Price, IRRBB, etc).
• Understanding and/or experience in Hedge Accounting.
• Experience in managing projects.
• Experience with accounting controls for Financial Instruments.
• Experience in Fair Value Adjustments.

Position is open for Hong Kong and Philippines.
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