Product Controller, Manager

Some career choices have more impact than others.

At HSBC we exist 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.

As an HSBC employee in Australia, you’ll have access to tailored professional development opportunities, competitive pay, an embedded flexible working culture and a range of employee benefits. These include market-leading subsidised private health cover, enhanced parental pay and support when returning to work, subsidised banking products and services, bonus leave days and wellness programmes including discounted gym memberships.

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 (e.g. amortised cost or fair value), alongside analysis and insight into P&L drivers and robust balance sheet control and substantiation for the Markets business.

We are seeking a high calibre professional to join our team as a Manager – Product Control, based in Sydney. This role is 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 (including substantiation, analysis and commentary) 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 (Core PC and Valuations), increasing efficiency and strengthening controls through procedures and systems change

Use technology and data to enable automation and control enhancements (e.g. Python, SQL, Alteryx, Productivity Suite, AI/ML)

Collaborate with Core PC, PC Valuations, Financial Control, Accounting Control & Reconciliation and CFO 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 across Product Control and Front Office

Complete mandatory training and proactively lead your own development, using resources such as the AI Academy and relevant Degreed learning pathways

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 (Balance Sheet and Income Statement) 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.

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.

Learn more about careers at HSBC Australia – https://www.hsbc.com/careers/where-we-hire/australia

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