Job Description

Job description

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.

Role Purpose

The role is in compliance with the BCG layering i.e. adhering to the eight layers of the organisation. However, the complexity and team size are the basis for defining the role levels rather than the span of control.

This is due to the complex and high risk nature of the business with direct Regulatory, Financial and Client impact.

The agreement and settlement of Prime Finance bilateral and triparty agreement margin calls on a daily basis. Manage exposure for HSBC Stock Borrow and Lending positions.

As part of the Markets Operations strategic model, HSBC have an operations hub in Kuala Lumpur, Manila and Bangalore within the Global Service Centre. These support multiple products and legal entities and are responsible for various functions within the trade life cycle.

The operations are organised in product teams which are in line with the overall Markets Operations structure: Equities, Fixed Income, FX/MM, Cross Product Services, Client Data Services and Collateral Management & Client Valuation Operations.

In addition, there are other support functions including Finance, People Development and Business Risk & Control Management

• Ensure that exposures are covered adequately and that the firm is not left at risk at close of business
• Reduce risk by controlling & monitoring the settlement of Margin calls, and to ensure that we have receipt of these, and that any non-receipt of funds is followed up with investigation and advice to Treasury.
• To ensure the processes of collateral recalls are made in a timely manner, this would involve close liaison with the Collateral Management desk, client & settlements department, and ensuring that our internal & external market deadlines are adhered to. This would incorporate building relationships
• Build effective and strong relationships with collateral management desk, settlements, billing, credit and counterparties. Build and manage team to a level where high productivity and efficiency benchmarks are met and adhered to.
• To ensure that any exposure discrepancies, cash pool breaks, TLM and G1 to Fiscal breaks are investigated and rectified on the day. Those that are not cleared are escalated accordingly
• Ensure all upcoming record date positions are actioned and no position are left outstanding with counterparts
• Identify improvements within the process, enhance quality of service, initiate cost reduction initiatives
• Ensure all daily task assigned on the checklist are completed and to the required time, including the supervisory checks and evidences to be included without fail at every end of day.
• Acts as a payment verifier and releaser with perfect accuracy, and carries out the responsibility to ensure all payments are released via the payment platforms on a timely manner according to the market cut-off.
• All portfolios are checked and flatten at the end of the day, to escalate when issues arise
• Identifies potential financial risk to the bank and ensure proper resolution is achieved within the bank\xe2\x80\x99s guidelines
• Manage the exposure management team on a day to day basis and ensuring that the supervisor checklist is adhered to

What you\xe2\x80\x99ll do:

Impact on the Business

• Adherence to KRI & KPI targets as set by Global Operations Management
• Deliver Risk & Control Framework
• Adherence to Regulatory requirements. E.g. DFA & EMIR
• Process Improvements and Cost Savings Realisation
• Partner and Input into Operating Model Strategy
• Deliver - Offshoring Strategy
• Develop and enhance Client Service Operating Model

Leadership & Teamwork

• Leadership \xe2\x80\x93 This is imperative across a number of key deliverables. Leadership should exist in implementation of the Risk and Control Framework, identifying efficiencies and driving departmental initiatives
• Teamwork \xe2\x80\x93 Create an environment where both within and outside of your direct responsibilities, Markets Operations are viewed as team players, striving to deliver in partnership with colleagues in the organisation.
• Business Strategy & Global Focus \xe2\x80\x93 Understand the organisation and structure

Operational Effectiveness & Control

• Partner with Risk Managers to ensure consistent approach to risk and control
• Participate in discussions around capacity and work drivers and review of brightlines
• Contributes to the creation of a rigid risk & control environment
• Follow formal escalation framework across all aspects of Operations, including day to day operational risks and systemic risks
• Partner with Risk Managers to resolve high audit items, deliver prompt resolution & actions, take ownership where appropriate and liaise with relevant Business stream to provide updates and transparency

Role Context

The role has full responsibility for all aspects of the local control environment and comply with the Global Best Practice and agreed process flows as defined by the global management team.

Management of Risk

• Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.
• Adheres to the HSBC control framework and promotes excellent risk management across the function.
• Close working partnership with the Business Risk and Control team

Observation of Internal Controls

• Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
• Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

Requirements

What you will need to succeed in the role:

• Experienced operations professional, preferably in off shore operations; with a focus on Markets Operations
• Able to demonstrate leadership skills with the potential to enhance further
• Ability to multi-task and support multiple stakeholders
• Hands on experience of processing and supervisory functions
• Awareness and appreciation to operations risk and control and exception management
• Ability to implement initiatives and work as part of a team
• Sound understanding of Markets Operations
• Strong communication skills with the ability to manage local and international relationships across an organisation
• Attention to detail and a hands on approach to with local managers to implement process change and improve efficiency and control
• Familiar working knowledge of associated technology

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

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.

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