Valuation Controller, Product Control - Valuations

HSBC • New York, NY

11d

About The Position

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.
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.

This role within the Global Product Control structure offers the opportunity to provide key operational and strategic control and governance of Product Control Valuations. This includes ensuring adherence to governance and controls of Fair Value through Review and Oversight of Fair Value Adjustments (FVA), Independent Price Verification (IPV), and Prudent Valuation Adjustment (PVA). The role involves leading and participating in valuation methodologies, driving global alignment and enhancements, and engaging with various stakeholders, including the Trading team, Front Office, Traded Risk, Operations, IT, and other Finance teams. Additionally, it promotes continuous improvement, efficiency, and control through procedural and system changes, and offers the chance to drive engagement with other asset class valuation teams to increase consistency, quality, and efficiency. The role also involves maintaining HSBC internal control standards and ensuring compliance with relevant rules and regulations.

Requirements

• Specific experience in Product Control, Risk, or Valuations and ability to demonstrate and share knowledge of products and markets is essential. Experience with more than one asset class is an advantage. Finance qualification (ACA, ACCA, CA, CFA, or FRM) is an advantage
• Strong IT skills are preferred, including experience with Python and MS Excel
• Outstanding communication and interpersonal skills are crucial, including the ability to articulate complex topics in a non-technical manner
• Strong analytical skills and a proactive approach to problem-solving are required
• Experience in building and maintaining strong relationships and establishing collaborative partnerships with stakeholders is important

Nice To Haves

• Experience in developing methodology for Independent Price Verification (IPV) and Fair Value Adjustments (FVAs) is a distinct advantage
• Experience in delivering projects, especially across multiple locations, is beneficial

Responsibilities

• Ensure adherence to governance and controls of Fair Value through the review and oversight of Fair Value Adjustments (FVA), Independent Price Verification (IPV), and Prudent Valuation Adjustment (PVA)
• Act as a key contact point for the Trading team and other stakeholders, including Front Office, Traded Risk, Operations, IT, and other PC and Finance teams (both locally and globally)
• Participate in the development and enhancement of valuation methodologies, ensuring global alignment and staying informed about industry developments
• Promote continuous improvement by increasing efficiency and controls through procedural and system changes, and lead transformation initiatives within Product Control
• Maintain HSBC internal control standards and ensure compliance with all relevant internal and external rules, regulations, and procedures, including timely implementation of audit points

Benefits

• 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 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!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed