HSBC Group

GCB 5

Some careers shine brighter than others

If you’re looking for a role that will help you stand out at HSBC, take a look at how you can fulfil your potential.

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

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

When applying, please submit a full resume and attach your appraisal reports for the last two performance years. Your local internal application policy should be followed. For internal applicants in Hong Kong with less than twelve months in their current role, please also obtain and enclose the endorsement from your current line manager in the application as well; for more information, you can visit HRDirect and search for content "HKG: Do I need any approval to look for internal career opportunities?".

Opening up a world of opportunity

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

HSBC is 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. 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 The Hongkong and Shanghai Banking Corporation Limited.