Job Information
HSBC AVP Product Control in Mumbai, India
AVP Product Control
Brand: HSBC
Area of Interest: Securities and Broking Services
Location:
Mumbai, MH, IN, 400063
Work style: Office Worker
Date: 20 Apr 2026
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Broking Services provides full investment services in stocks, bonds, currencies, precious metals, commodities and derivatives to retail, corporate customers and financial intermediaries. As a leading full service broker dealer in Hong Kong, our investment services include advisory, execution, risk and portfolio management, custodianship, and margin financing.
Position Details
Department: Risk & Operations
Location: Mumbai
Job Summary
You will own and manage risk execution& controls across across product & client risk. You will be responsible for daily monitoring of margin adequacy, exposure limits, and client risk parameters; overseeing pre-trade risk checks in the Risk Management System (RMS); managing margin calls, shortfall processes, and collateral monitoring; and ensuring compliance with SEBI/Exchange/clearing corporation/depository risk-management frameworks & obligations. You will handle exceptional scenarios like corporate actions impacting positions, ensure segregation of funds between bank and broking entity, and work closely with the Clearing team on MTM, pay-in/pay-out reconciliation, and risk incident reporting.
Core Responsibilities & Duties
Risk Monitoring & Surveillance
Monitor real-time margin utilization, exposure limits, and collateral coverage across all client accounts and proprietary trading
Oversee pre-trade risk checks in the RMS; ensure limits (position limits, margin sufficiency, buy-sell exposure) are enforced before order acceptance
Track intra-day MTM (Mark-to-Market) and end-of-day margin requirements; escalate shortfalls and initiate margin calls or square-off procedures
Maintain risk dashboards and generate daily risk reports for management and clearing corporations
Margin & Collateral Management
Manage margin collection, shortfall follow-up, and enforcement of margin calls; coordinate with clients and operations for margin top-ups
Oversee collateral management – cash, pledge/re-pledge of securities, FDRs, bank guarantees – in line with clearing corporation and SEBI guidelines
Monitor haircuts on collateral and ensure timely reporting of margin shortfalls to clearing corporations and senior management
Clearing Corporation Coordination
Act as the primary liaison with clearing corporations on risk-related matters, including margin obligations, pay-in/pay-out, and exceptional scenarios
Monitor clearing corporation risk circulars and implement changes to risk parameters, margin rates, or exposure norms promptly
Coordinate with clearing teams on MTM settlements, delivery obligations, and auction/close-out processes
Risk Policy & Limit Management
Define and maintain risk limits for clients and dealers (position limits, turnover limits, concentration risk, sector exposure)
Review and update risk policies in line with SEBI regulations, Exchange circulars, and internal risk appetite
Conduct periodic reviews of high-risk accounts, concentration risk, and large exposures; recommend remedial actions
Exceptional Scenario Management
Handle exceptional scenarios such as corporate actions (dividends, bonus, splits, mergers) impacting client positions and margins
Coordinate square-off procedures for margin shortfall clients or non-compliant positions
Manage risk escalations during high volatility, market disruptions, or system failures
Segregation & Reconciliation
Ensure segregation of client funds and securities as per SEBI regulations; monitor compliance with bank account segregation norms
Coordinate with Back Office on MTM reconciliation, margin reporting, and pay-in/pay-out confirmations
Risk Incident Reporting
Report risk incidents (margin breaches, limit violations, settlement failures) to senior management and regulators as required
Maintain incident logs, root cause analysis, and corrective action plans for all risk events
RMS System Management & Vendor Coordination
Coordinate with IT Ops and vendors to ensure RMS uptime, accuracy, and timely implementation of risk parameter changes
Review RMS configurations, alerts, and automated controls; recommend enhancements to improve risk coverage
Qualifications, Certifications & Experience
Education: Graduate in Commerce / Finance / Economics / Business Administration. CA, CFA, FRM, or MBA in Finance is preferred
Mandatory Certifications:
NISM Series VII - Securities Operations and Risk Management
NISM Series-VIII - Equity Derivatives
Good To Have: FRM (Financial Risk Manager)
Experience: 7+ years in risk management, RMS operations, or clearing & settlement functions within stock broking or financial markets.
Domain Knowledge: Deep understanding of margin systems, MTM calculations, collateral management, pre-trade risk controls, clearing corporation processes, and SEBI/Exchange risk regulations
Preferred Skills & Competencies
Expert knowledge of RMS platforms, risk parameters, and surveillance systems used in stock broking
Strong analytical and quantitative skills for risk assessment, exposure analysis, and scenario modeling
Deep familiarity with SEBI risk management circulars, Exchange risk norms, and clearing corporation guidelines
Ability to work under pressure during high volatility or market disruptions
Excellent attention to detail and process adherence
Strong communication skills to coordinate with clients, dealers, clearing teams, and regulators
Experience in a large broking house or institutional trading environment is highly desirable
Employment Type: Full-time, Permanent
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Issued by The Hongkong and Shanghai Banking Corporation Limited, India