Head of Governance, Controls and Models Oversight

Job description

Head of Governance, Controls and Models Oversight Location: Gurugram, HR, IN, 122002 Brand: HSBC Area of Interest: Closing Date: Hybrid Worker Date: 6 Aug 2026 Job description Some careers have more impact than others. If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be. HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 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 professional to join our team in the role of Head of Governance, Controls and Model Oversight -- PC The position provides key operational and strategic oversight of the Prodcut Control operating and control environment including FVA and PVA models. The role is a senior role within the Global PC structure and is interacting with multiple countries globally. Role Purpose: • Controllership is an expert function, that exists to deliver trust in the numbers that it is the custodian of, providing both insight and running controls and processes, enabling the business to grow and succeed safely. Controllership instils credibility with our regulators and drives understanding of HSBC's businesses. The Product Control (PC) function is an integral part of Controllership and provides independent control and assurance, product expertise, commercial insight and guidance to all businesses involved in trading activities throughout HSBC. We also partner with the business to achieve sustainable financial performance. Reporting to the Global Head of Product Control, The Head of Governance, Controls and Model Oversight is a critical role in the Global PC structure, in charge of driving governance and controls across the 3 main areas of Core Product Control and Valuations/ Analytics. across the London, MENAT, and Paris hubs as well as sites such US and HK. • Core Product Control is responsible for ensuring the accurate reporting of Front Office based P\&L and ensuring that the trading assets and liabilities are recorded at fair value. This includes providing an analysis of the components of P\&L to provide insight into the apparent sources of P\&L and enable assessment of these against expectation based on knowledge of trading portfolio, trading activity, market movements and other factors. The team is also responsible for ensuring that the Balance Sheet of the Markets Business is fully controlled and substantiated and has an extremely important and critical accounting control aspect and dimension. • The Valuations and Analytics teams in Product Control are global team responsible for all aspects of the calculation of Fair Value for traded instruments in Markets and Securities Services (MSS), Markets Treasury (MKTY) and more widely across HSBC. Valuations and Analytics teams are part of Global Product Control and split into 4 main areas of Quantitative Analytics including Models, Fair Value Methodology and Production, and Reporting Governance \& Analysis. The team supports Product Control, Market Risk Management, Front Office and undertakes work within all derivative asset classes with focus on those asset classes that make use of quantitative models. The Reporting team is responsible for reporting returns made by Product Control, this includes daily P\&L management reporting, quarterly reporting and relevant disclosures reporting. • The role is primarily responsible for driving the governance and controls oversight of the areas above including the model control for all FVA and PVA models, ensuring that the principals and processes that are in place to ensure the accuracy of HSBC financial statements for traded products across the Group, are independently checked for resilience and for compliance with internal and external policy and compliance with FIM. Principal Accountabilities and Responsibilities : • Overview of fair value, prudent adjustments and accounting framework governance "from PTS to ledger" that is critical for the accurate reporting of financial statements • Help design and implement an effective and agile operational model that drives controls standardization of support for PC globally. Remain integrated with the Controllership organization and explore avenues for efficiencies and collaboration. • Demonstrate leadership and role model behaviors for the function and the business. Champion the Controllership delivery model and objectives, leading from the front. • Lead and drive the monitoring of the PC control frameworks and tools, engaging and leveraging both IT and change to achieve PC objectives. • Ensure the creation of a sustainable and inspiring culture, with a balanced and fulfilling working environment to support performance and the aspirations of our identified talent. • Provide consultative guidance to the PC leadership team to direct the implementation of policy and change initiatives that supports control and governance objectives • Drive efficiency of organizational structures and processes, including identifying and building the capabilities needed to meet governance and control objectives for PC globally • Responsibility for driving and implementing methodology for the underlying models that calculate the global fair value base of around $1bn across Global Markets and annual prudent adjustments of circa $1.2bn across the group. • Defining and shaping plans, driving strategy, making complex decisions in support of the Group's model governance framework. • Building and maintaining a team of focused technical Finance Professionals who are driven by dealing with complex pricing issues in the derivative market, using robust financial data and insights to control, challenge and support business decision making on the methodologies driving fair value of all traded product