Description

A leading global financial institution is seeking an experienced Product Controller to establish and lead its Product Control function in Hong Kong. This is a rare opportunity for a seasoned Product Control professional to build the control framework from the ground up and play a key role in supporting the firm's growing trading business.

The Opportunity

Reporting to senior management, you will be responsible for developing and maintaining a robust Product Control framework covering trading P&L, valuations, positions, balance sheet controls, and regulatory support. The successful candidate will work closely with Front Office, Risk, Operations, Finance and Technology teams to ensure effective governance across the trading business.

This role offers significant visibility, ownership, and the opportunity to influence the future control environment of a growing securities platform.

Key Responsibilities

Product Control & Daily P&L

• Produce, review and validate daily trading P&L.
• Perform P&L attribution analysis and investigate significant movements.
• Reconcile trading P&L against accounting records and resolve discrepancies.
• Establish P&L sign-off, escalation and governance procedures.
• Support monthly trading performance reporting and management analysis.

Valuation Control & Independent Price Verification

• Develop and perform Independent Price Verification (IPV) processes.
• Review front-office valuations and pricing methodologies.
• Investigate valuation differences and recommend reserves or adjustments where appropriate.
• Maintain robust valuation control documentation and audit trails.

Position & Balance Sheet Control

• Reconcile trading positions across front-office systems, operations platforms and the general ledger.
• Investigate and resolve breaks, aged reconciling items and exceptions.
• Support month-end close activities including valuation adjustments, accruals and balance sheet substantiation.

New Products & Business Initiatives

• Represent Finance and Product Control in new product approval processes.
• Assess control, accounting and operational implications of new products and business initiatives.
• Participate in system implementations, enhancements and UAT testing.
• Establish end-to-end control frameworks for new trading activities.

Control Framework Development

• Build and implement Product Control policies, procedures and governance standards.
• Develop reporting packs, control dashboards and escalation frameworks.
• Drive process improvements, automation and operational efficiency initiatives.
• Maintain documentation for audit, regulatory and management review purposes.

Requirements

• Bachelor's degree in Accounting, Finance, Economics or a related discipline.
• Professional qualification such as CPA, ACCA or CFA preferred.
• Minimum 8 years of Product Control, Valuation Control, Trading Finance or related experience gained within investment banks, securities firms, brokerages or financial institutions.
• Strong experience in daily P&L production, P&L explain, reconciliations and month-end controls.
• Hands-on valuation control and IPV experience.
• Good knowledge of financial products including Equities, Fixed Income, FX, Derivatives and Structured Products.
• Understanding of trade lifecycles, booking models and financial instrument accounting.
• Experience supporting new product launches, system projects and process enhancements.
• Familiarity with SFC-regulated environments and Hong Kong market practices is advantageous.
• Strong analytical mindset with the confidence to challenge and investigate issues independently.
• Excellent stakeholder management and communication skills.
• Advanced Excel skills; VBA, Python or SQL experience would be beneficial.
• Fluency in English and Cantonese required; Mandarin would be an advantage.