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. The position lies within the Debt Securities for Delivery Management / Triparty in Market Operations. The job holder is responsible to support Delivery Management / Triparty activities including but not limited to performing affirming, chasing, amending and escalating in accordance with the life cycle of the trades. This role is for EMEA working hours.
This role includes managing primary objective of driving operational excellence across our business globally. Achieving this through the consolidation, simplification and continuous improvement of the process, simultaneously takes responsibility for managing operational, location and processing risk.
Ensure compliance of internal guidelines, external regulations and are constantly reviewed and enhanced to continually improve the support functions offered to the operational processes and the business.
The Key Functions Of The Role Include
- Oversee team supporting the Global Banking and Markets transactions.
- Understand the processes functions and objectives irrespective of Business Areas to effectively manage and improve the respective processes.
- Provide leadership and customer service to all, both top and lower Management, consistent with Group and company policies and standards.
- Provide support for any ad-hoc project to the Head of Operations and Operation teams for any task involving collation, analysis, forecasting and budgeting relating to Operational data.
The Opportunity
- To continuously provide high quality processing service to achieve maximum client satisfaction within the specified timeline and requirements. Responsible for relationship building and resolving all inquiries in a professional manner (where applicable). Other responsibilities dependent on process assigned to.
- To ensure trade settlement will be executed by timeliness. To provide support in a subset of processing functions including documentation, trade affirmation, projects and Reporting. Assist in managing Operational Risk and Control within the process and the business through query handling and escalation.
- This is an individual contributor role and there are no direct reports.
What You'll Do
General Responsibilities:
- To act as team leader, process specialist and reference point for the team.
- Deputise the AVP when required.
- To ensure the provision of a high quality and accessible service to the business, and both internal / external clients.
- Act as a first 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.
- To lead innovation and change within their respective teams and to inculcate a positive environment where team members feel encouraged to contribute and drive improvements within the process.
- Support any team, departmental, and centre initiatives aimed at improving work-life balance.
- In partnership with the team manager, build a robust succession within the team and ensure the absence of key person dependencies.
The Process Involves
Preparation and Oversight of Custody Settlements and Reconciliations:
- Compile, review, and distribute detailed positions reconciliation reports for ECMS activities in collaboration with the Banque de France. Proactively support and monitor all trade instructions and exceptions, ensuring that settlements are executed accurately and within the required timeframes.
Syndication Journal Processing
- Initiate, record, and validate all journal entries associated with syndicated issuances for HBCE that are not automatically generated. Confirm the precision of transaction amounts, ensure postings are allocated to the correct accounts, and validate entries within the Value Date (VD) system. Continuously monitor for any breaks or discrepancies and take prompt action to resolve outstanding issues.
MTN Issuances Issuance And Settlement Control
- Conduct thorough quality control by verifying that issuance details provided by the Front Office are accurately reflected in the market prior to the official issuance date. Identify and escalate any anomalies or riskssuch as discrepancies in accounting letters, issuance sizes, or value datesto the relevant desk and management teams. Issue Free of Payment instructions within BO and settlement platforms from the designated issued account, ensuring compliance and accuracy as well as the BO position entries; Ensure settlement monitoring with Ops teams and the proper destruction of repurchased or matured positions
HSBC CE Issuance Declarations
- Following the issuance of each Mid Term note (MTN) and Negotiable EUropean Commercial Paper (NEUCP) , ensure timely and accurate reporting to the Banque de France, whether generated automatically or declared manually. Proactively manage and resolve any anomalies encountered during the reporting process.
Front Office Reporting Support
- Monthly Volume Reporting: Generate and deliver monthly volume statistics for Global Debt Markets (GDM) re ports, providing valuable insights to the business. Champion continuous process enhancements and automation by identifying opportunities for automation, escalating proposals to management and IT, and monitoring the implementation and delivery of solutions.
Profil
- Strong sense of priorities, autonomy, attention to detail, responsiveness, and availability.
- Provides clear visibility to management (Production and Projects).
- Strong analytical skills / Client-oriented (internal and external clients).
- Solid understanding of settlement/delivery processes.
- Versatile, dynamic, and proactive.
Knowledge
What you will need to succeed in the role:
- A degree in accounting/finance/management/business higher qualifications are not a bar provided aspirations commensurate with the position.
- Sound knowledge of capital market products, in-depth knowledge of Fixed Income and Derivatives will be an added advantage.
- In depth working knowledge of transaction management, trade life cycle and inter systems requirements for Debt Securities products.
- A firm understanding about the Market and environment.
- Advanced knowledge in Microsoft Office tools Excel / Access / Words / etc.
- A go getter personality with a record of successful in previous role within operations.
- Ability to speak and understand English fluently with exceptional business communication skills.
Experience
- Applicants for this role should be meet the requirement to apply as per guidance.
- Possess strong background on Debt Capital Market.
- Evidence of experience within an operational supervisory environment for Debt Capital market products is a necessity.
- Proven track record in managing relationship with various stakeholders.
- Experience in managing in an environment which comprises of multi processes.
- Ability to manage in a high-pressure environment.
What additional skills will be good to have
- Excellent planning, time management and organizational skills.
- Evidence of process management knowledge with an ability to independently initiate process improvements and encourage the same in others.
- Knowledge of MS Office coupled with good numerical and analytical skills be able to understand, analyze, and communicate data in a concise, logical and visually stimulating form.
- Evidence of leadership skills, with a keen ability to build rapport and relationships with a wide and varied stakeholder base.
- Ability to manage multi processes.
- Ability to learn quickly and transfer knowledge effectively and accurately.
- Ability to see the big picture and drive strategic objectives without losing attention to detail.
- Able to assist in training new joiners including them on-boarding and ensure training feedback are given and received as well as updated on the training plan documents.
