Valuations Controller - Non-Global Markets

Job description

Valuations Controller - Non-Global Markets, Global Finance

Some careers open more doors than others.

If you're looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

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.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

This role is reporting into the Global head of Non-Global Markets Valuations. The Valuations team is responsible for Independent Price Verification (IPV), Fair Value Adjustments (FVA) and Prudent Valuation Adjustments (PVA) covering businesses under Global Banking and Private Equity investments. The key activities and responsibilities of the role would be:

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Run the valuation processes for the calculation of HSBC's products in the non-GM business, with an oversight of - IPV, FVA and Prudent valuation balances; and IPV, FVA and Prudent valuation methodologies and documentation;

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Communication is key with the role holder being required to simplify a complex set of businesses and be the primary communication route to these stakeholders.

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Support the building and development of strong collaborative relationships between Valuations and all relevant business functions including Core Product Control and the Analytics and Development teams.

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Responsible for governance and controls of Valuation policy. Creation of new controls, implementation of new techniques, and the drafting of formal policy/governance documents

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Contribute to regulatory and internal work streams such as Libor demise, standalone tool and model rationalisation, audit points, independent model review findings etc.

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Work to deliver product control objectives on quality, efficiency, adaptability and sustainability through streamlining the processes globally.

Desired profile

Qualifications :

To be successful in this role you should meet the following requirements:
·  Demonstrable track record in top-tier global bank alongside a strong academic background.
·  Detailed knowledge of Product Control processes and proven experience of managing Product Control or Financial Process based activities.
·  Extensive market derivative knowledge in all fixed income asset classes: Rates and Flow Credit.
·  Experience of Fixed Income Models and Derivatives Valuation Frameworks.
·  Experience of developing methodology and shaping policy for IPV / FVAs is a distinct advantage.
·  Good understanding of Funding, Liquity and Capital requirements for Global Markets.

The base location for this role is 8 Canada Square, London

You'll achieve more when you join HSBC.

HSBC is 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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC UK is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.
We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies

Recruitment Helpdesk :
Email: hsbc.recruitment@hsbc.com
Telephone: +44 2078328500