Job Advert Details
Business: Global Markets Operations
Open positions: 1
Role Title: Assistant Manager Operations
Global Career Band: 7
Location: Quezon City, Philippines
Recruiter Name: Ched Mulit
Why join us?
The scope of the Futures team in Manila consists of Client Servicing, Trade Capture and Cash Management functions for Futures product. This includes the following activity
- Interacting with clients to ensure margin obligations are fulfilled as well as dealing with client queries.
- Daily notification to clients/ internal stakeholders on expiring contracts
- Facilitating the deliveries of exchange traded contracts to counterparties, both internally and externally.
- Daily processing of Stock Options and resulting exercise and assignments, ensuring close coordination with Clients, Client Services and the Equity Operations team
The Opportunity:
The primary responsibility of the role within Futures Operations is to ensure the capture and successful settlement of all futures and options trades for all primary markets (APAC/European regional markets) and completion of all secondary markets (USA) where the final end-account trade bookings must be completed.
The successful processing of Futures ‘Deliveries’, which incorporates, Contract Expiries, Contract Deliveries, Option Exercise and Assignments and finally Corporate Actions. Failure to action events correctly or notify clients within the correct timeframe, can lead to significant financial loss and reputational risk to the firm. As such the ‘Deliveries’ function includes many of the highest risk processes across the Futures team.
What you’ll do:
- Daily successful settlement of Exchange Traded Futures and Options on an intraday basis with all exchanges and 3rd party brokers
- Follow daily trade processing controls across the team, including EOD completeness checks for all market
- Demonstrate compliance of trade processing practices to the respective regulatory and exchange responsibilities
- Escalation all breaks or trade processing issues
- Demonstrate a strong understanding of the trade processing flows and practices also the regularity and exchange responsibilities required for each.
- Demonstrate a strong understanding our internal and external clients, ensuring that efficient and controlled trade processes are deployed
Qualifications
What you will need to succeed in the role:
- A University Degree with at least 2 to 5 years working experience in Futures product.
- Able to demonstrate a strong understanding of:
- futures and options product and market risk
- clients and client processing risk
- HSBC FIM and risk requirements around generic practices
- Exchange rules and regulatory environment across Asia & Europe.
- Futures offering and capabilities
Desirable Futures Experience
- Trade processing of Exchange Traded Derivatives at a top tier broker or Investment Bank
- Exposure to Clear vision trade processing/matching
- Exposure to Rolf & Nolan operating platform or similar product
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.”
Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.
***Issued By HSBC Electronic Data Processing (Philippines) Inc. ***
Want To Apply?
- All applicants must have successfully completed their probation period
- All applicants must have met the Behaviour Gateway in the last performance appraisal
- All applicants should have served at least 18 months in their current functional role and department company
- All applicants should inform their respective line manager of their application
- Application form should be submitted via CareerLink along with the current CV
- All the completed applications should be submitted via CareerLink by 11:59 PM on the closing date
- Have not been previously declined for the same post within the last 3 months on the date of submission of their application
- Have not been on ANY form of Corrective Action within the last 6 months from the date of application
Declaring incorrect information in your application (e.g. incorrect performance and behaviour rating; and corrective action status) is considered a SERIOUS OFFENSE based on the HDPP Employee Handbook:
A. Very Serious Offense
"Sec 1. Any acts of dishonesty, which may provide reasonable grounds for the company to lose trust and confidence to the employee, which includes but not limited to the following:
c) Giving false testimony or falsifying any document, records or information or presenting such falsified document, records or information in any study, research inquiry; padding and deliberate overcharging of expenses; tampering with time records; requesting or allowing any individual to log in/out and actually logging in/out any individual.”
Recruiter name
Ched Mulit
Recruiter email
mercedita.x.mulit@hsbc.com.ph