Manager - Valuation Control

HSBC Global Asset Management • Full-time • New York, United States, US • $160k - $200k / year • 1w ago

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 team when it comes to the daily Profit & Loss (P&L) production and various reconciliations for the asset class mentioned in the Job Title. The role requires a person with strong knowledge of how Global Market products work, risk-based attribution and understanding of existing 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 Manager - Valuation Control you will:

Review and oversight Framework across the GFX and Equities Core Product Control team providing effective support for local and our extended teams at different locations
Work with the Front Office and manage Stakeholder queries in new initiatives, different projects, and continuous enhancements, aiming a robust control environment. Also participate in internal and external Audit agendas. Manage the relationship with Front Office clients at all levels including the Head of the business
Participate proactively in the implementation of the Core PC model, helping the integration of PnL and GL tasks under the same process owners, making sure the control environment is maintained or strengthened, and the resulting processes are properly documented
Representing Core Product Control in the various control and governance meetings, internal and external Audit, and Regulators etc.
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.
Drive Product Control Risk Control Committee and team meetings to ensure proper communication top down and bottom-up
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 $160,000.00 and $200,000.00

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:

5 to 8 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 the following systems: PC Portal, PC Portal 2.0, FTP, Qlik, Pegasus, Summit, Impact, Global Calypso, River, and Bloomberg.

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.