Manager Operations Collateral

If you’re looking for further opportunities to develop your career, take the next step in fulfilling your potential right here at HSBC. The position lies within our Equities Stock Lending Operations specialising in Collateral under the Market & Securities Services Operation umbrella. The job holder is responsible to support the Securities Finance Front Office within a settlements role relating to collateral management covering UK balance sheet for US businesses. We are a global team covering multiple balance sheets for Stock Lending product under the Markets business. We are responsible for ensuring all equity stock loan trades booked flow through the various stages of the trade life cycle and collateralised successfully. 

The Opportunity: Operations Manager Collateral

Responsible for managing post trade support activities such as daily responsibility for collateral transaction processing, monitoring and aiding collateral settlement, Back Office vs Back Office reconciliation, contract compare, investigation and remediation of position/cash imbalances. T  

What you’ll do:

1.       Managing oversight for collateral transaction processing, monitoring and aiding collateral settlement, account reconciliation, investigation and remediation of imbalances.

2.       Lead investigation and resolution of failing transactions

3.       Oversight for Mark to Markets and exposure monitoring

4.       Vetting of wire payments

5.       Act as an escalation contact and resolve collateral disputes, respond to client queries (internal & external)

6.       Timely and proper escalation to management or trading desk to protect the firm against risk exposure. 

7.       Provide exceptional service and developing relationships with large institutional clients

8.       Maintain and update procedures as necessary

9.       Ability to apply judgment to operational situations in a fast paced environment to drive progress

10.    Identify potential financial risk to the bank and ensure proper resolution is achieved within the bank’s guidelines

11.    Ensure adequate support for effective management of KRIs, to minimise risk e.g. Nostro/Stock/inter-system breaks

What you will need to succeed in the role:

•          Conceptual understanding of Capital Markets.

•          Strong understanding of Collateral, Stock Borrowing and Lending Operations

•          Must have knowledge of Tri-Party and Bi-Lateral Processes

•          Understanding of Markets Operations including Repo and Collateral Management is an added advantage

•          Has sound understanding and formal qualification of basic Operations Accounting principles

•          Able to demonstrate the mind set and maturity to operate in a fast paced environment

•          Awareness and appreciation to operations risk and control and exception management

•          Ability to implement initiatives and work as part of a team

•          Strong communication skills with the ability to interact with clients/stakeholders

•          Attention to detail and a hands on approach to identify opportunities of process improvement

•          Follow formal escalation framework across all aspects of Operations i.e. operational and systemic related risks

•          Strong awareness and appreciation to operations risk and control and exception management

•          Strong communication skills with the ability to manage local and international relationships across the org.