VicePresident – Regional Hedging Unit Product Control

Job description

If you’re looking for a career where you can make a real impression, join our Global Service Center (GSC)- HSBC and discover how valued you’ll be. We are currently seeking an experienced professional to join our team in the role of

VicePresident – Regional Hedging Unit Product Control

 Main activities: 

The manager of Regional Hedging Unit of fixed income and FX products for Markets Treasury, with specific responsibility and oversight over the hedge accounting process.  Responsibilities include

• Manage, Oversee and coordinate hedge accounting in accordance with IAS #39 and FAS #133 rules – fair value and cash flow hedging activities
• Support the team on the on-going monitoring and testing for hedge effectiveness on existing deals
• Manage and assist in hedge accounting documentation, including initial hedge testing
• Manage Daily/weekly/monthly analysis of hedging results along with P&L explain and commentary
• Review the monthly commentary on hedging results of various portfolios supported
• Participate and oversee selected projects within Finance and Balance Sheet Management
• Manage, guide and motivate team members. Recognize and promote talent actively participating in back up planning.
• Manage and Oversight of near-shore support team, coordinating their efforts to best support the New York team
• Support and investigate new/proposed hedging strategies

Leadership & Teamwork

• Works effectively within the Regional Hedging Unit. Builds and maintains a strong communication network with key stakeholders.
• Building and maintaining strong teamwork between onshore and offshore locations. Proper and timely escalation of issues to management.

Requirements

• Works effectively with other Product Control teams and Finance teams within the Americas region.
• Builds and maintains a strong communication network with key stakeholders.
• Proper and timely escalation of issues to senior management.
• Lead and develop an effective team through communication, performance management, development plans and reward/recognition practices.
• Promote an environment that supports diversity and reflects the HSBC brand
• Strong knowledge of interest rate and FX products including controls, reconciliations, etc.
• Strong Finance skills including understanding of risk management and P&L attribution
• BS in Finance/Accounting at a minimum, CPA or MBA with a concentration in Accounting is preferred, CFA also desirable
• Preferable to have minimum of three years experience in a top-tier public accounting firm with experience in financial services industry, preferably in fixed-rate derivative products
• Strong skill-set with an understanding/insight into operational issues of fixed income products, including an aptitude towards working with bond math.
• Working knowledge of IFRS and/or US-GAAP accounting standards
• Multi-tasking with focus on Product Controlling, finance and accounting
• Strong/Excellent computer skills (Excel, Word, etc.), knowledge of Summit or other derivative trading systems a plus

¡You’ll achieve more when you join HSBC!

At HSBC we offer our colleagues a greater number of days so that they can fully enjoy their wedding, take care of the new member of the family, or grieve the loss of a family member. Our paid leave package is at the forefront in Mexico, now you have one more reason to be HSBC and proudly live a culture of well-being, balance and care

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. 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. 

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