Job Description

At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our New York, New York office.

The Senior Product Control Analyst- Hedge Accounting will be the product controller of fixed income and FX products for Markets Treasury, with specific responsibility and oversight over the hedge accounting process.

About Us

Our purpose - Opening up a world of opportunity - explains why we exist. We’re here to 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.

You will be responsible for:

• Overseeing and coordinating hedge accounting in accordance with IAS #39 and FAS #133 rules - fair value and cash flow hedging activities

• Assisting in hedge accounting documentation, including initial hedge testing including Daily/weekly/monthly analysis of hedging results along with P&L explain and commentary an in on-going monitoring and testing for hedge efficiency on existing deals. Producing monthly commentary on hedging results of various portfolios supported

• Participating in and overseeing selected projects within Finance and Balance Sheet Management

• Oversight of near-shore support team, coordinating their efforts to best support the New York team

Requirements

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

• Strong knowledge of interest rate and FX products including controls, reconciliations 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

• Knowledge of Summit or other derivative trading systems a plus

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, diverse 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!

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

In our world, you’ll build a career unlike any other. With 200,000 employees and 40 million clients across the globe, we give you greater opportunities, clearer purpose and more meaningful growth. You can be different too. Here, everyone belongs. Skills are the priority, not what you’ve studied. Through structured development programs and so much more, even you’ll be surprised to learn whether you thrive more in our digital labs or on a trading floor. Whether you’re an investment banker, relationship manager or researcher, you’ll shape your path and enjoy all the benefits that come with being part of something bigger.