Why join us
If you're looking for further opportunities to develop your career, take the next step in fulfilling your potential right here at HSBC. Global Debt Markets Derivatives Trade Processing Management is integral to HSBC's purpose and strategy, playing a valued role in Rates & Credit trade life cycle management, with a keen focus on Trade Pricing management. Our global team of Middle Office Desk Support professionals partner with the business to further support on trade support tasks including Rates, Credit, Bonds, Futures and Repo, non-economic amendments, UAT testing, query management, systems feed exception monitoring and Trade Pricing management.
We are currently seeking a high caliber professional to join our team as Assistant Manager Trade and Position Management Specialist. This is an Individual Contributor role with no immediate reporting lines.
The Opportunity
What you'll do:
- Provide dedicated support to the trading desks actively across a variety of Fixed Income products, ensuring the risk is properly captured in our internal systems, acting as the primary contacts to internal and external clients on delivering quality service, independent control, operational risk safety and cost efficiency.
- Provide appropriate input in all change initiatives, advising potential impact on the current processes, drives change management in coordination with I.T to increase automation and controls.
- Trade Compression support for reducing operational and counterparty risk exposures and achieve regulatory capital saving.
- To establish trade allocation, ensuring risk is properly captured in internal systems and escalating any issues to trading and sales.
- The responsibility to manage enterprise Pricing of trades i.e. the input, amendment and maintenance of rates/pricing to the trades.
- Ensure the regulatory framework in place is effective and properly applied to relevant trading activity.
- Extensive interaction with trading, sales, business management, legal, credit, GM Management office, Regional COOs as well as MSS Operations and I.T. teams to resolve issues.
- Constant drive to develop as well as improve existing controls to promote a strong governance model.
- Demonstrate an ability to work on their own and without supervision, able to take the initiative and take responsibility but also show a good understanding of teamwork.
- Ensure effective management of risk and controls in line with the Risk Management Control Framework.
- Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
Qualifications
What you will need to succeed in the role:
- Excellent knowledge of basis vendor systems i.e. LSEG, Bloomberg etc.
- Good knowledge on Market /Regulatory updates and impact on the process.
- A minimum of a bachelor's degree.
- 1 - 3 years working experience in an Investment Banking or Wholesale Banking environment with exposure in any areas within the Derivatives trade life cycle/front to back process with experience in a Derivatives Trade Control or Desk Support role.
- Working knowledge in Rates or Credit Derivative product, Bonds, Futures and Repo is preferred. Knowledge in Structured Derivatives such as TRS, Options and Inflation Swaps will be an added advantage.
- Technical understanding of how trading systems operate is a pre-requisite i.e. MarkitWire, TradeWeb, Bloomberg TOM.
- Summit, MarkitWire, TREATS & other PTS systems experience is a pre-requisite.
- Ability to speak and understand English fluently with exceptional business communication skills.
- Ability to work in flexible hours (Night Shift/Rotation Shift) and working on Malaysian public holiday.
What additional skills will be good to have
- Excellent interpersonal skills in communication with diverse groups internally and externally.
- Strong analytical and problem-solving skills.
- Rigorous approach to controls and the minimization of operational risk.
