HSBC Group

If you’re looking for a career where you can make a real impression, join Global Service Center (GSC) HSBC and discover how valued you’ll be. HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Assistant Manager-Global Middle Office Operations

Role Purpose:

The Global Asset Management, Office team reconciliation team is responsible for ensuring the accuracy of cash inflows/outflows and ensure certainty of positions i.e cash and positions which is provided to Portfolio Managers and Investment teams daily. The team reconciles the Front Office Book of Records vs the Investment Book of Records using MYSS IE tool and resolves any exception based on predefined rules. The team will also play a coordinator role with the local offices and stakeholders who will be responsible for resolving outstanding issues. The role encompasses stakeholder management, execution of daily BAU tasks, and execution of organization strategy.

Broker maintenance – ensure account changes /AUM changes and communication to brokers is proactive and regular, to ensure no trading /credit limits apply to outdated NAVs /fund names. Review broker data to ensure all LEI and related static data identifiers are up to date. Own admin roles for setting up traders on MTF venues.

Main Activities:

• Global middle office operation team is responsible to ensure that positions and cash data is accurate for the business at the SOD for the Front Office. This will ensure that the Investment Management teams will have the most accurate data to invest.
• Perform various functions fall under global operation team include transaction management, position management, Oversight management and Derivatives management.
• Intercompany Fee Billing: calculate final billing and invoices of intercompany agreements. Share and agree with customer.
• Initiate company's cash wires process and support accounting team with questions related to account movements.
• Fund Rebates and Revenue Share: Calculate funds fee rebates on 40 Act, GLF and HGIF. Share calculations with customer.

• 0 to 1 years’ experience in Reconciliations is mandatory and an understanding of the Asset management business is preferred.
• Understanding of the various asset classes, underlying instruments is mandatory, and the trade life cycle needs to be exhibited.
• Accurate positions and cash data would minimize the risk of
• Team will be using follow-the-sun model to ensure that unresolved exceptions are managed by the local operations team.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

At HSBC we offer our colleagues a greater number of leave days so that they can fully enjoy their wedding, take care of the new member of the family, or grieve the loss of a family member. Our paid leave package is at the forefront in Mexico, now you have one more reason to be HSBC and proudly live a culture of well-being, balance, and care.

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 Process Mexico Private LTD***