AVP Product Control

Hsbc

5 - 10 years

18 - 19 Lacs

Gurugram

Posted:1 day ago| Platform:

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Skills Required

US GAAP MS Access Project management Process improvement Product control Cash flow Assistant Vice President IFRS Balance Sheet Financial services

Work Mode

Work from Office

Job Type

Full Time

Job Description

Some careers have more impact than others.

We are currently seeking an experienced professional to join our team in the role of Assistant Vice President - Product Control

Principal responsibilities

Individual is expected to act as an individual contributor delivering P&L production, analysis & commentaries, P&L and Balance Sheet Reconciliations & substantiation, Hedge Designations/Documentations, De-designation & Re designations (Fair Value, Cash Flow Hedge- Micro and Macro and Fair Value Options),
Have sound knowledge of Interest rate Swaps & Bond valuation and reporting activities pertaining to Global Markets business.
To ensure all Hedge Accounting processes were performed in line with Hedge Accounting FIM and SOX compliances.
Functionally manage a team of finance professionals managing contingencies, learning & development, succession & progression planning, expectations and attrition management.
Initiate and implement high-impact quality projects leading to operational efficiency and higher productivity (Within Six Sigma, Lean process improvement methodology)
Continuous review of processes with the objective of improving the service delivery timeframes and identify areas of improvement

Requirements

Qualified Chartered Accountant/ CWA/CPA /CFA / MBA from Tier I/II institute with at least 5+ years of experience in Product Control or Global Markets environment and organization of similar scale with US GAAP, IFRS, IAS reporting framework
Knowledge of Product Control functions in a banking environment with exposure to Traded markets products is mandatory.
Knowledge of various Global Market products like Equities, Foreign Exchange, fixed income, Derivatives - Options, Interest rate swaps, Credit Derivatives etc.
Good knowledge of IAS 39/IFRS 9 is mandatory, specifically related to Hedge Accounting strategies.
Proven ability to manage migrations of finance processes and exposure to diverse/multi-culture work environments with strong organization, time management and prioritization skills
Excellent communication skills and presentation skills are mandatory, as are good tact and diplomacy, as the role requires relationship management with other individuals and teams within the HSBC Group
Interpersonal skills: persistent, ability to work effectively with senior & junior staff, ability to challenge inputs from senior colleagues in a constructive manner, ability to give feedback positively, co-ordinate work across multiple teams, multi-tasker
Orientation towards Quality (Six Sigma/Lean methodology) and technical bent of mind
Proficiency in MS Office Suite; Exposure to Project Management Software and experience in working on MS Access databases

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