Product Controller, Manager at HSBC Global Services Limited | Sydney, New South Wales, AUS | Rezi

Product Controller, Manager at HSBC Global Services Limited

Product Controller, Manager

HSBC Global Services Limited · Sydney, New South Wales, AUS

2 weeks ago

Product Controller, Manager

HSBC Global Services Limited · Sydney, New South Wales, AUS

20 days ago
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About the Role

Manager – Product Control role based in Sydney, co-located with the sales and treasury desk, working closely with stakeholders to deliver a transparent view of P&L and balance sheet performance, with a strong focus on controls, governance and continuous improvement.

Responsibilities

  • Provide oversight and escalation for Core Product Control activities across Australia and Manila, ensuring processes and controls are accurately followed for the Global Macro and Markets Treasury balance sheet and P&L.
  • Ensure daily P&L production, risk and roll-based P&L explain, P&L commentary, and month-end balance sheet reporting adhere to minimum standards in the Product Control Framework.
  • Partner with regional Product Control colleagues to drive consistency of processes, control outputs and oversight activities.
  • Understand how Core Product Control activities sit within the HSBC Risk Management Framework; identify, manage and escalate emerging risks and issues to Front Office/Product Control management.
  • Support audit and regulatory requests by ensuring controls, evidence and governance are robust and readily available.
  • Drive continuous improvement across Product Control, increasing efficiency and strengthening controls through procedures and systems change.
  • Use technology and data to enable automation and control enhancements.
  • Collaborate with various finance teams to deliver a transparent view of P&L and balance sheet, and present the business view to traders and trading management.
  • Challenge and support stakeholders on new business and change initiatives, and support rollout and adoption of global Product Control tools.
  • Complete mandatory training and proactively lead own development.

Requirements

  • Experience in a Product Control function (or similar) with a strong control focus and understanding of the Product Control workflow.
  • Strong knowledge of financial markets products, associated risks, data flows, trade lifecycle, accounting principles and valuation techniques/models, with a focus on Foreign Exchange and Interest Rate products.
  • Excellent analytical capability and a proactive, structured approach to problem solving, with proven ability to analyse daily P&L, P&L trends and balance sheet movements.
  • Sound understanding of primary financial statements and disclosures/notes, including fair value disclosure, derivative assets/liabilities, and trading assets/liabilities.
  • Demonstrated ability to drive change and deliver automation using tools such as Alteryx, Python, AI/ML and data-driven approaches.
  • Experience working effectively both independently and as part of a team, in environments with high autonomy and accountability.
  • Strong interpersonal skills with the ability to work with colleagues across different locations and backgrounds, including experience with nearshore/offshore teams.
  • Excellent written and verbal communication skills in English.
  • Professional qualifications (e.g. CFA, ACA, CPA, FRM) are advantageous.
  • Preference will be given to candidates who hold Australian PR/Citizenship or New Zealand Citizenship, or who can demonstrate current unrestricted work rights in Australia without limitations.

Skills

  • Python
  • SQL
  • Alteryx
  • AI/ML
  • Product Control Framework
  • Risk Management Framework
  • Foreign Exchange
  • Interest Rate products
  • Data-driven approaches

Location

  • Sydney

Work Type

  • Full-time

Experience Level

  • Manager

Benefits

  • Tailored professional development opportunities
  • Competitive pay
  • Market-leading subsidised private health cover
  • Enhanced parental pay and support when returning to work
  • Subsidised banking products and services
  • Bonus leave days
  • Wellness programmes including discounted gym memberships

About the Company

  • HSBC exists with the purpose of Opening up a World of Opportunity.
  • We use our unique expertise, capabilities, breadth and perspectives to provide opportunities for our customers and colleagues through global connectivity.
  • We bring 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.
  • Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way.
  • Our global team of finance professionals’ partner with the business to provide trusted insights and forward-looking analysis; accuracy; efficiency and control to frame and influence business decisions.
  • Product Control within Controllership provides independent control and assurance, product expertise, commercial insight and guidance to businesses involved in trading activities throughout HSBC.
  • Core Product Control is responsible for accurate reporting of Front Office based P&L and ensuring assets and liabilities are recorded under the appropriate accounting treatment, alongside analysis and insight into P&L drivers and robust balance sheet control and substantiation for the Markets business.

Equal Opportunity

  • We value different perspectives, we succeed together, collaborating across boundaries, we take responsibility, holding ourselves accountable to get things done.
  • Through these values, HSBC is committed to building a culture where all employees are appreciated and respected and where opinions count.
  • We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow in an inclusive environment.
  • Applications from First Nations peoples are encouraged.