Job Description

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 Vice President.

Why join us?

• Derivative Services forms a part of the wider Global Markets Operations. It is segregated functionally and by processing location whereby processes support the lifecycle movement of trades across multiple layers of process flows. These processes essentially support front office trading activities in Hong Kong, London, Paris and New York, on the HBAP, HBEU, HBFR and HBUS balance sheets.
• This role requires pro-active engagement with internal and external, where applicable, stakeholders, both regionally and globally, strong communication skills, plus the ability to independently identify efficiency / STP opportunities. It also requires the individual to have an awareness of the Industry/Regulatory improvements within the Derivatives market, and how that may impact the day-to-day processes.
• A strong risk focus and maintaining a robust control environment is essential.

What you\xe2\x80\x99ll do: (List out Key Responsibilities):

Customers / Stakeholders

• To ensure a high quality and accessible service to the business, and both internal / external clients
• Creating and leveraging strong working relationships, front to back, regionally and globally, to optimize processes and improve levels of STP, including development of Best Practices with Front Office where appropriate;
• Work within the Operational capabilities framework and HSBC values.
• Provide excellent client service both internally and externally

Leadership & Teamwork

• To provide leadership and manage the BAU teams. Specific focus on tasks which involve working globally with middle and front offices teams.
• To lead innovation and change within the respective teams and to create a positive environment where team members feel encouraged to contribute and drive improvements within the process.
• Support any team, departmental, and center initiatives aimed at improving work-life balance.
• In partnership with the team manager, build robust succession planning and ensure the absence of key person dependencies.
• Ensure expertise and competencies are developed within the team.

Operational Effectiveness & Control

• Act as a point of escalation for operational issues within the team and be able to communicate, address, and resolve issues with the relevant areas in a timely manner.
• To ensure the escalation of all problems/risk issues within their area to the respective stakeholders and the appropriate levels of management
• Champion and support Change related activities.
• Drive the identification and progression of continuous improvement initiatives to improve processes, working with line management and Change Management and Technology;
• Ability to identify risks and issues and escalate appropriately

Management of Risk

• Ensure effective management of risk and controls in line with the Risk Management Control Framework.
• Promote and display risk culture in terms of behavior, ownership, leadership and awareness plus cultivate a supportive environment towards achieving risk objectives.
• Work towards improving process KRIs, KPIs and bright lines through the efficient use of tactical and strategic solutions.
• Observe that all reporting requirements applicable to their role are completed in a timely manner and to a high standard.
• Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.
• Implement and ensure adherence to the Group Privacy, Control and Compliance Policies, applicable to their role.
• Adhere to the group requirement that each employee is aware of the Operational Risk scenarios associated with their role and to ensure that all actions during their employment with HSBC take account of the likelihood of operational risk occurring.
• Understand and ensure compliance to all relevant internal and external governance, regulations and procedures that apply to the process and business.
• Provide close Operational support directly to sales and trading, Middle Office Desk Support, as well as FO business management.
• Close monitoring intersystem reconciliation real and systemic breaks with strong focus on overall control framework.
• Escalation point for Operations teams onshore on offshore.
• Escalation point for Operations issues for the FO and Sales teams

Role Context:

• The team support Interest Rates Derivatives and Credit Derivatives business to provide Operation support for accurate trade support functions.
• The role will require strong connectivity with the global front office, middle office and operations teams so excellent communication and influencing skills are key.
• Strong OTC Derivatives product background is required, with a sense of urgency and ability to work unsupervised and under pressure to strict deadlines.
• 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 Global CCO Team.
• Able to drive the responsibilities in lieu with the internal guidelines and policies.

Requirements

What you will need to succeed in the role:

• A Bachelor\xc2\xb4s Degree in accounting/finance/management/business \xe2\x80\x93 higher qualifications are not a bar provided aspirations commensurate with the position.
• Sound knowledge of capital market products, in-depth knowledge of Fixed Income is required.
• In depth working knowledge of Derivative pre and post confirmations investigation and post trade analytics is required.
• A minimum of 7 years of experience in Strong Derivatives Operations background with substantiated with the above working knowledge.
• Applicants for this role should be existing MOs (or similar capacity evidenced) with an understanding of Derivatives as financial instruments in investment banking.
• A track record of leadership within an operational supervisory environment for global market products is a necessity.
• Evidence of process management knowledge with an ability to independently initiate process improvements and encourage the same in others.
• Good interpersonal / oral communication and analytical skills.
• Excellent communication and presentation skills in English, both verbal and written.
• Ability to see the big picture and drive strategic objectives without losing attention to detail.
• Able perform well in a high pressure environment against tight timelines.

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 at 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***

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