Senior Manager - Product Control Valuations

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a role 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.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 57 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 realise their ambitions.

We are currently seeking an experienced individual to join this team in the role of Senior Manager, Product Control - Valuations.

This role within the Global Product Control structure has seniority and strategic importance. It 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.

In this role, you will:

• Governance and Controls: 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).
• Stakeholder Engagement: Act as a key contact point for the Trading team and other stakeholders, including Front Office, Traded Risk, Operations, IT, and other Finance teams.
• Valuation Methodology: Lead and participate in the development and enhancement of valuation methodologies, ensuring global alignment and staying informed about industry developments.
• Continuous Improvement: Promote continuous improvement by increasing efficiency and controls through procedural and system changes, and lead transformation initiatives within Product Control.
• Compliance and Standards: Maintain HSBC internal control standards and ensure compliance with all relevant internal and external rules, regulations, and procedures, including timely implementation of audit points.

To be successful in this role you should meet the following requirements:

• Qualified Finance Professional: Qualified Accountant (ACA, ACCA, CA, CFA, or FRM) or qualified by experience.
• Professional Experience: Specific experience in Product Control, Risk, Treasury, or Valuations is necessary. Demonstrable experience in Product Control and knowledge of products, accounting, valuations, controls, systems, models, and markets is essential. Experience with more than one asset class is an advantage.
• Regulatory Knowledge: A good understanding and appreciation of regulatory requirements and guidelines for valuation is important.
• Methodology Development: Experience in developing methodology and shaping policy for Independent Price Verification (IPV), Fair Value Adjustments (FVAs) and Prudent Valuation Adjustments (PVA) is a distinct advantage.
• Team Management: Experience in leading and managing teams to delivery and managing a team is essential, especially across multiple locations, is beneficial.
• Communication Skills: Outstanding communication and interpersonal skills are crucial, including the ability to articulate key valuation issues to senior stakeholders in a non-technical manner.
• Analytical Skills: Strong analytical skills and a proactive approach to problem-solving are required.
• Relationship Building: Experience in building and maintaining strong relationships with stakeholders at all levels of seniority is important.
• Collaborative Partnerships: Ability to establish and maintain strong collaborative partnerships across HSBC is essential.

The base location for this role will be Edinburgh and with a hybrid working pattern.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk:

Email: hsbc.recruitment@hsbc.com

Telephone: +44 207 832 8500