Job description
Business: Middle Office
Open positions: 1
Role Title: Analyst \xe2\x80\x93 Collateral Management
Global Career Band: GCB 8
Location (Country / City ): Malaysia
Recruiter Name : Nana Nasrudin
The Opportunity:
This role sits in the Collateral Management team within the Middle office function of HSBC Markets & Securities Services. The Collateral Management team is responsible for the credit risk mitigation through the collateralisation of OTC/Repo products by performing full third-party collateral management activities on behalf of our institutional client base. Specifically, the employee will be expected to
\xc2\xb7 Manage client/counterparty set up in line with the ISDA/CSA & monitor data feeds.
\xc2\xb7 Calculate daily exposures & agree on accurate collateral requirements with counterparties.
\xc2\xb7 Disputes management.
\xc2\xb7 Excellent communication skills required for substantial client interaction and to work with internal and external stakeholders to close out any client/counterparty queries.
\xc2\xb7 Follow up on collateral fails/non-receipts, provide daily reporting, meet KPIs and act as a checker for colleagues in respect of all of the above.
\xc2\xb7 Drive process improvement/automation initiatives and contribute towards UAT testing.
\xc2\xb7 Step up and assume necessary responsibilities when required in absence of senior management.
What you\xe2\x80\x99ll do:
\xc2\xb7 Ensure that current procedures and checklists meet the requirements of Audit, FIM, external regulators and Operations Risk and Control.
\xc2\xb7 Ensure daily complex exception reporting is completed within guidelines with any errors promptly rectified to maintain data integrity standards.
\xc2\xb7 Continually reassess the operational risks inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructures, and the impact of new technology.
\xc2\xb7 Liaison with IT department, raising system enhancements and conducting UAT testing where applicable.
\xc2\xb7 Actively look to automate or improve internal processes and seamlessly integrate client change requests in to the BAU.
\xc2\xb7 Accountable for own day-to-day performance and meeting tight intra-day deadlines. Expected to make decisions, resolve queries & escalate where necessary in an accurate and timely manner.
\xc2\xb7 Inbox management, take ownership of tasks/issues and ensure these are all followed through to completion. Avoid errors and where required perform root-cause analysis to avoid reoccurrence.
\xc2\xb7 In the absence of your direct report, be available as first level of escalation and support for queries from internal departments and external contacts as required.
\xc2\xb7 Provide expert advice, guidance, query handling to meet client needs and expectations
\xc2\xb7 Maintain good working relationship with clients, Prime / Clearing brokers and market counterparties.
\xc2\xb7 Ensure prompt resolution of all reconciliation items, providing clear, concise & relevant documentation to support outstanding items.
\xc2\xb7 Ensure timely & accurate processing of daily margin calls whilst simultaneously carrying out disputes management and client reporting in line with the agreed SLA deadlines.
\xc2\xb7 Be relied upon to be able to confidently perform the checker role for other team members and guide/help where necessary.
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