Job Description

"The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we\xe2\x80\x99re leveraging our digital capabilities to ensure we can continue to recruit top talent at the HSBC Group. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have."
Some careers shine brighter than others. If you\xe2\x80\x99re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 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 Assistant Manager.
Responsibilities: As part of the Depot Management team within HBEU Cash Equities, candidate will be responsible for

• Identifying and managing inventory positions across multiple markets and regions
• Working with Stock Loan and Cash Equity trading desks to arrange borrows for failing trades, keeping costs to a minimum and managing risk vs potential buy-in scenarios.
• Actively manage break exceptions and perform cash and stock reconciliations on a daily basis, ensuring all open items are kept at a low risk to the organisation.

The role will consist of both line and project responsibilities, driven by new business, process improvement and operating model challenges. This is essentially an individual contributor role, requiring one to perform input, review, and/or manage the process flow in one or more of the functions mentioned above. It will also require daily interaction with external clients and internal partners on all Operational matters, therefore the successful party will need to build and maintain excellent relationships, address inquiries and resolve operational tasks in a timely manner.
What you will do: Perform one or more of the following functions under the service offering:

• Middle Office
  • Trade Capture
  • Trade Enrichment
  • Blocks & Allocations

• Settlements
  • Instruction Management
  • Set
  • Confirmations
  • Trade Netting
  • Commission Sharing Agreement (CSA)
  • Settlement Netting
  • Settlement Matching & Allegements
  • Fails Management
  • Payments
  • Funding Forecasts
  • Claims & Fines Management

• Asset Services
  • Transaction Capture
  • Announcement Capture
  • Entitlement Calculation
  • Claims Management
• Positions, Data, Reporting
  • Positions & Record Keeping
  • Reporting & Reconciliations
  • Instrument & Market Data Provision
  • Static Data Maintenance

Customers / Stakeholders

• Improve communications between operations and our key stakeholders.
• Enhance/build upon relationships with all key stakeholders.
• High attention to detail needed at all times and ability to understands client\xe2\x80\x99s behaviors and provide appropriate improvements based on market changes
• Drive rigorous customer centric quality initiatives to increase quality awareness in the team.

Leadership & Teamwork

• Suggest improvements to the Team & the Business where possible
• Knowledge and experience is shared with team members, providing assistance on referred/technical issues.
• Build key relationships with Internal Operational Departments. Aim is to deliver a high level of service to Internal & External clients.
• Ensure back up/ sufficient coverage during holidays, and attend training courses on contingency / resiliency.

Operational Effectiveness & Control

• Ensure all Market / Regulatory & Product updates have been fully understood & adhered to.
• Prevent any operational losses by establishing methods and check points to scrutinize exceptions/errors and to prevent potentially fraudulent situations.
• To be fully aware of the controls framework and take a pro-active approach to reduce operational risk
• Full understanding/awareness of FIM (section B.2) and the operational risks associated with the role.
• Assist line manager to ensure daily operational efficiency by overseeing and close monitoring of the operational processes and workflow, market specific requirements/procedures and performance of various systems in securities processing.

Management of Risk

• Work closely with line manager to ensure that all FIM policies & notes are followed. Any breaches / potential procedure gaps are escalated & discussed appropriately.
• Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.
• The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
• This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring. Address any areas of concern in conjunction with line management and/or the appropriate department.

Requirements
What you will need to succeed in the role:

• A post-graduate diploma or degree in business, economics or finance. Higher qualification not a bar provided aspirations commensurate with the position
• Ability to speak and understand English fluently, writes business letters and reports, and has good conversational / telephone skills.
• Possess at least 12 months experience in or equivalent level knowledge of one or more of the below global market operations functions:

• Trade Management/Support, or Middle Office

• Settlements

• Asset Servicing / Corporate Actions

• Reconciliations

• Possess experience/knowledge in the following product lines: Equities and/or Fixed Income
• Proven ability in: (a) critical thinking, (b) analytical thinking, (c) problem solving, (d) rapid learning capability, (e) applying innovative solutions to resolving client demands
• Excellent communication skills with proven client-facing capabilities
• Strong risk awareness and management
• Excellent time management skills
• Excellent standard of written documentation
• Ability to multi-task with minimal supervision
• Self-motivated, enthusiastic

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised. The chosen candidate for this role will be required to undergo enhanced vetting. Subject to local laws, this will require the individual to satisfactorily pass a series of additional checks as part of the recruitment process and on an ongoing basis, if appointed to the role. HSBC Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are originally completed, and/or if relevant, on an ongoing basis. For more information about the enhanced vetting for this role please contact the recruiter for this role.
You\xe2\x80\x99ll achieve more when you join HSBC. HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.\xe2\x80\x9d Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website. ***Issued By HSBC Electronic Data Processing (Malaysia) Sdn Bhd***