About the Role
HSBC is seeking an experienced professional to join their team as Manager, Product and Control (GCB 5/VP). This role involves reviewing and overseeing various financial control functions for Global Markets, including transaction monitoring, financial controlling, front-to-back-balancing controls, pricing, price verification, and analysis. The position requires ensuring Global Market transactions are appropriately monitored, investigated, and reported, while minimizing the risk of non-compliance with Group and regulatory requirements.
Responsibilities
- Review daily/monthly P&L reports for Global Markets, including analytical review of P&L components/drivers.
- Validate the fair value of portfolios/transactions calculated by primary trading systems.
- Review dealer estimate vs actual P&L reconciliation.
- Prepare month-end fair value adjustments and other adjustments.
- Perform daily Pricing-End-of-Day (EOD) for complex derivatives.
- Manage and validate market data for accurate revaluation and yield curve construction, and independent price verification.
- Perform market data vendor pricing source review and assess boundary observability.
- Manage new discounting curve, product mapping, and exception controls.
- Oversee PC outsourcing tasks.
- Manage manual entries system approval controls.
- Review daily/monthly FX and MKTY benchmark monitoring reports for Global Markets, including reviews on exceptions and FO explanation.
- Review Hedging MI reporting and oversee hedge activities.
- Support PC related projects and ad hoc tasks.
Requirements
- Well-versed in market risk factors and Global Markets products.
- Strong knowledge of Derivatives valuation, including structured products and complex derivatives, market data control, and price verification processes.
- Strong problem-solving ability and analytical skills are mandatory.
- More than 8 years of working experience in Global Markets, including Product Control, GM Operation, or Finance.
- Leadership experience to manage team members.
- Strong communication skills in both Korean and English.
Skills
- MSS transaction monitoring
- Financial controlling
- Front-to-back-balancing controls
- Pricing
- Price verification and analysis
- Yield curve constructions
- Market data validation
- Revaluation
- FV levelling reporting
- Benchmark monitoring
- Accounting control
- Global Market transactions monitoring
- Derivatives valuation
- Structured products
- Complex derivatives
- Market data control
- Price verification process
- Problem solving
- Analysis
- Leadership
- Communication (Korean and English)
Experience Level
- More than 8 years
About the Company
- HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories.
- HSBC aims to be where the growth is, enabling businesses to thrive and economies to prosper, and helping people to fulfill their hopes and realize their ambitions.
