Assistant Manager Product Control
HSBC · Bangalore, India · 1d ago
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HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions.
We are currently seeking an experienced professional to join our team in the role of Assistant Manager Product Control.
Purpose of the role:
This role sits within the Intercompany/Intracompany Derivative Reconciliation Team and focuses on delivering accurate, timely reconciliations and effective issue resolution across intercompany/intracompany derivative portfolios. As an individual contributor, you’ll act as the SME for your assigned processes and portfolios, owning reconciliations end-to-end, applying structured problem-solving to resolve complex breaks, and partnering closely with stakeholders to drive timely closure and strengthen reconciliation controls.
In this role, you will:
- To act as an individual contributor delivering daily business controls (Reconciliation and Manual Journals) pertaining to the Global Markets business. Ensure delivery service of Accounting Control - Operations processes as per the standards set out in agreed SLAs within the HSBC Global Resourcing operating framework.
- Assist with production of reconciliations, investigation & root cause analysis of breaks including accounting adjustments to be posted to the books & records.
- Produce accurate and timely management information in conjunction with the In-country/near shore teams ensuring the queries pertaining to deliverables are promptly responded with active business engagement.
- Provide assistance to the Assistant Vice President in day-to-day and periodic reporting requirements and provide leave and off-days cover for other team members. Identify opportunities for improvements. Participate in strategic and tactical change projects undertaken in respective businesses.
- Perform in-depth impact assessment of proposed changes on processes, data and systems and formally document. Plan and schedule project activities aligned with the project plan and ensure timely completion of milestones.
- Manage stakeholder relationships with In-country teams / Near-shore teams, IT teams. Collaborate within the team to and mentor new team members as requested by manager. Provide excellent stakeholder management by ensuring that reconciliations are being provided within the required SLA and break investigation and RCA’s are up to date.
- Process specialist - to support and guide the team and act as a key referral point for escalation for junior team members. Develop realistic and achievable strategies and action plans to address performance gaps, training and staffing requirements.
- Help your immediate manager in implementing and communicating the group targets. Set the right example to junior members of the team. Create an environment within the team which fosters free sharing of knowledge & ideas.
- Prepare and Update Business Contingency Plan (BCP) for Operations Teams. Be aware of issues within teams. All issues / problems are fully analyzed and resolved or escalated in appropriate and timely manner.
- Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
To be successful you will:
- Accounting designation is preferred or with 4+ years of total experience in accounting, banking or similar finance roles.
- Graduate degree in Accounting, Finance Management, Commerce or related degree in Finance.
- Relevant experience in a global bank or related operational experience in an organization of similar scale.
- Experience in complex reconciliations across multiple systems and platforms would be preferred
- Preferably experience will cover reconciliation of traded financial instruments and products such as foreign exchange, fixed income, and equities.
- Strong IT skills, particularly MS Excel and MS Access. Strong time management skills
- Excellent communication and presentation skills as the role requires regular interaction with regional teams within the HSBC Group
- Readiness to work in shift hours in different time zones and travel as the business requires.
You’ll achieve more when you join HSBC.
HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”
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