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.
