Job description
Some careers shine brighter than others
If you’re 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.
Securities Services provides robust and reliable solutions that enhance performance and mitigate risk, today and in the future. Working with institutional investors, banks, insurance companies, governments and multinational corporations, Securities Services offers a range of fund administration, global custody, sub-custody and clearing, and corporate trust and loan agency services.
We are currently seeking a high calibre professional to join our team as a Manager, Global Custody.
Principal Responsibilities
In this role you will
- To ensure that the Agency Securities Lending clients have been fully covered with acceptable and appropriately priced collateral and that all securities held are within the parameters set by HSBC
- Oversight / Escalation contact of the recall process to cover client sales and the mitigation of failed transactions and buy-ins
- To build good working relationships with our counterparts and monitor their performance. Arrange regular reviews and use example-based feedback to address any examples of poor borrower performance
- To understand the current and future regulatory environment and apply those requirements to our processes
- To play a key role in exception management and conducting exception analysis to identify trends and participate in enhancements in an effort to reduce exception levels
- To continually re-assess the operational risks inherent in the business taking account of any changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management re-structures and the impact of new technology
- To identify and fully contribute to any operational improvement initiatives in areas such as IT and Control
- Ensure compliance with all relevant regulatory, legal, audit, bank and group requirements
Requirements
To be successful you will need
- Prior collateral management experience in securities lending
- Prior trade management experience, particularly in APAC markets, global markets is preferred. Also, prior exposure to cash and non-cash collateral transactions both bilateral and Triparty preferred
- Ability to learn new systems and processes quickly (and or experience of Pirum, Global 1, Trading Apps, GCS/GHSS (Internal Custody Systems)
- Experience in a global custody / prime broker environment, preferably within securities financing with a strong understanding of operational risk
- Skills: Strong interpersonal skills with the ability to communicate clearly and effectively at all levels. Should be a team player. Strong analytical skills with strong attention to detail. Strong MS Office skills (a high competency level of MS Excel and Access is desirable). Good planning and organisational skills with ability to work in pressurised environment and manage priorities effectively. Excellent written and verbal communication skills. High level of interpersonal, professional and written communication skills, with the ability to communicate across all levels
- Understanding of and ability to work within an evolving regulatory landscape
Opening up a world of opportunity
www.hsbc.com/careers
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Issued by The Hongkong and Shanghai Banking Corporation Limited.