Trade And Position Management Specialist

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: Assistant Manager Operations Collateral

Responsible for processing 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.  There are no direct reports for this role.

What you’ll do:

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

2.       Investigation and resolution of failing transactions

3.       Responsible for Mark to Markets

4.       Daily monitoring of exposure

5.       Processing of wire payments

6.       Review and resolve daily reconciliation breaks

7.       Investigate and resolve collateral disputes, respond to client queries (internal & external)

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

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

10.    Maintain and update procedures as necessary

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

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

13.    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.

What additional skills will be good to have? 

•          3-5 years of investment banking experience would be recommended

•          A degree in Business or Finance would be preferred

•          Ability to multi-task and support multiple stakeholders

•          Able to work in a demanding and time sensitive environment

•          Hands on experience of operations processing is an advantage

•          Familiar working knowledge of associated technology

•          Must have knowledge of Knowledge of BNY Access Edge or Global One system is a plus

•          Ability to recognize unusual flows/triggers for collateral in agreements and new trade structures

You’ll 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.”

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Issued by HSBC Electronic Data Processing (India) Private LTD