US Core Product Control Oversight Equities

Job description

Job description

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

The role consists in providing oversight and guidance to the production team when it comes to the daily Profit & Loss (P&L) production and various reconciliations for the asset classes. The role requires a person with strong knowledge of how Global Market products work, risk-based attribution and understanding of general processes/systems used for calculation of the valuations and reporting requirements. Those skills are needed to help the team in troubleshooting daily issues, identify errors and their sources before reporting P&L and help on understanding main drivers of P&L movements.

As our US Core Product Control Oversight Equities you will:

·  Review and oversight Framework across the Equities Core Product Control team providing effective support for our extended teams at different locations
·  Work with the production team to ensure accuracy of daily and monthly P&L and GL, providing support and documentation of any adjustments

·  Understand the trade strategies and hedge, ensure proper explanation of the P&L, and comment on drivers, both market and strategic. Engage Front Office and various support functions to make the process better and achieve efficiency in daily tasks. Meet existing and growing regulatory requirements - specific focus on project or Ad-hoc reports delivery

·  Work with the Front Office and manage Stakeholder queries in new initiatives, different projects and continuous enhancements, aiming for a robust control environment. Manage the relationship with Front Office clients

·  Participate proactively in the implementation of the Core PC model, helping the integration of P&L and GL tasks under the same process owners, making sure the control environment is maintained or strengthened, and the resulting processes are properly documented

·  Represent Core Product Control in the various control and governance meetings
·  Ensure all the controls are working as expected and assessed for efficiency and applicability at reasonable intervals. Ensure any inherent operational risk is highlighted and mitigated in a timely manner

For this role, HSBC targets a pay range between $138,400.00 and $207,600.00

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Requirements

You´ll likely have the following qualifications to succeed in this role:

·  3 to 5 Years’ experience in product control/valuation control environment including the understanding of risk-based Greeks (delta, gamma, Vega, etc.)
·  Applicant should demonstrate good communication, analytical thinking and problem-solving skills, ability to multitask and a commitment to quality customer service
·  Excel, ideally at Macro/VB level, and knowledge of how Primary Trading Systems operate

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.