Job Advert Details
Business: MSS Operations – Cash Equity Operations Trade & Position Management (TPM – Middle Office)
Open positions: 1
Role Title: Assistant Manager Operations
Global Career Band: 7
Location: Quezon City, Philippines
Recruiter Name: Angelica Mendiola
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 Cash Equities in Market Operations. The job holder is responsible to support middle office activities as the primary liaison with internal and external clients. They maintain constant communication with the business and various stakeholders to ensure all market deliverables are met.
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.
We are seeking a credible and dynamic individual for the Assistant Manager Operations (specialising in Middle Office Control) role. There is no direct report for this role.
The Opportunity:
The Trade Control Analyst will support the Sector, Program Trading and Sales desks for the Cash Equities business.
The role holder covers day to day responsibilities as the point of contact for the trading desk, monitoring exceptions in trade life cycle, break resolution and liaison with internal departments (client service, front / middle office, settlements, finance etc.).
As a result, you support the equity franchise with their institutional clients on a daily basis and reduce risk and escalate when necessary.
What you’ll do:
- Manage the communications with Internal parties including Front Office, Finance, Settlements, Static Data for Equity trades. This includes handling queries and escalations
- Ensures all client trades are allocated on Trade Date.
- Ensures the balancing of all domestic and foreign equity trading positions are performed.
- Ensure the intersystem Front office and back office reconciliations, internal break capture processes, and street-side external execution recons on the various exchanges are being done daily.
- Maintains the proper escalation to management or trading desk to protect the firm against risk exposure.
- Maintain and update procedures as necessary
- Ability to apply judgment to operational situations in a fast paced environment to drive progress
- Identify potential financial risk to the bank and ensure proper resolution is achieved within the bank’s guidelines
- Ensure adequate support for effective management of KRIs, to minimise risk e.g. Nostro/Stock/inter-system breaks
Qualifications
What you will need to succeed in the role:
- 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
- Flexibility to work in required HK/UK hours.
- 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
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 HDPP***
* The information contained in this job description is a true and accurate reflection of the job as specified.
Want To Apply?
- All applicants must have successfully completed their probation period
- All applicants must have a minimum performance rating of Good in the last year end appraisal
- All applicants should have served at least 18 months in their current functional role and department
- Applicant should inform respective Line Manager prior to submitting an application
- Application form should be submitted on CareerLink along with their current CV
- All the completed applications should be submitted on 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 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
Ma. Angelica Mendiola
Recruiter email
angelica.mendiola@hsbc.com.ph