HSBC Group

Business: Global Banking and Markets
Open positions: 1
Role Title: Assistant vice president
Global Career Band: 5
Location: Banglore
Recruiter Name: Hariharasudhan 
Why join us?

• Markets division, at HSBC Bangalore, is hiring for its newly setup desk to support the Synthetic Prime trading desk in HK:

Specific responsibilities include:

• Assist the desk with pre-market/intra-day/post-market activities and tasks

• Review of previous day delta & PnL explanation

• Checking of PnL provisions

• Work with trading to identify new opportunities

• Booking of index and listed futures products

• Maintain a thorough knowledge of the Securities Finance products

• Working with COOs, support teams identify required platform/process enhancements  

• Index rebalance – running T+1 delta change & advising of any issues to onshore trading.

• Running T+1 simulations and liaising with trading

• Ad-hoc analytics and analysis

• Management of corporate action & other ad-hoc queries

• Create synergies and work with other parts of the Global Equities business (Front to Back Office)
  What you’ll do: 

Impact on the Business/Function

• Responsible for support to onshore trading teams

• Working with multiple stakeholders from MO and FO to ensure to tackle any bottlenecks

Typical Targets and Measures

• Reactivity on requests and maintenance of periodic tasks

• Quick turnaround for ad-hoc queries Positive feedback from the desk

   

Customers / Stakeholders

• Global Head of Prime Trading

• Trading team in HK

• COO Management team

• Internal Collaboration -  Develops close and effective working relationships within respective Functions /Businesses

• Ensures that customer propositions or business improvement programmers demonstrate clear, measurable, worthwhile benefits over the short, medium and long-term and identifies the full range of implications on the future success of the business

• Build a good relationship with the Global teams, to ensure communication lines are fluid.

Typical Targets and Measures

• Feedback from team members

• Ensure stakeholder satisfaction through timely delivery of quality work

• Feedback from onshore and offshore colleagues

Leadership & Teamwork

• Assisting other members of the trading desk with issues

• Addressing queries from stakeholders

• Working with trading and IT to enhance platform and develop analytical tools

Typical Targets and Measures

• Effective support within the team, good feedback from members

• Effective collaboration and communication with the teams onshore and offshore

Operational Effectiveness & Control

• Aims at operational effectiveness and the delivery of the desired results

•  Continuing development, implementation and improvement of the processes, structures, capabilities, capacity and infrastructure needed

•  Establish and maintain a robust and efficient control environment across the team  together with early identification and effective resolution or escalation of issues that arise

Typical Targets and Measures

• Infrastructure and capabilities have measurable impact on operational effectiveness

• Adequately manage various projects and initiatives leading to process or functionality improvement and reduction of operational risk.

   

Major Challenges 

• The role is split across multiple geographies with competing demands, requiring the role holder to manage priorities effectively with stakeholders and within the regional team

• Managing multiple time-sensitive tasks, potentially across several stakeholders

• Fast paced work environment with continuous change and advances in technology

• Increasing focus on business continuity delivery

Role Context 

• The trade assistant will be responsible for supporting the trading desk – booking of trades, monitoring of corporate actions and support with pre and post market activities, along with other ad-hoc analytical tasks

• Will liaise with different parties – Trading, Middle Office and COO teams

• Track market movements and be able to use it for idea generation and product analytics

Management of Risk 

• Is aware of the Operational Risk scenarios associated with their role and acts in a manner that takes account of operational risk considerations.

• Consistently displays the behaviors that form part of the HSBC Values and culture and adheres to HSBC risk policies and procedures, including notification and escalation of any concerns and taking required action.

• The jobholder is responsible for managing and mitigating operational risks in their day to day operations.

• Ensures risk policies and governance frameworks are appropriately implemented in their part of the business

• Communicates changes in policy and governance and reinforces risk processes in the way their team work

• Establishes and maintains an environment where risk is routinely anticipated, acknowledged, identified, quantified and acted upon in a timely and efficient way

• Promotes the use of risk management processes and ideas to enable their team to manage risk ethically across regions and business areas and enable their teams to do business safely in accordance with corporate sustainability policies

Observation of Internal Controls 

• The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators

• The jobholder will adhere to all relevant processes/procedures.

• Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

• Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

What you will need to succeed in the role:

• 5-7 years of relevant experience with index and synthetic delta 1 products/trading support exposure

• Product knowledge – ideally of Swaps, cash equities & other listed & OTC derivative products including knowledge of corporate action

• Strong understanding of the Equities Prime Businesses

• Exposure to trade booking and middle office coordination is very useful

• Ability to deal with multiple parties and streamline front to back lifecycle

• Strong mathematical ability and understand of derivatives products and their structures

• Excellent problem solving and coding exposure to Python and VBA

• Excellent written and verbal communication skills/ability to express ideas via writing

• Pro-activeness/Initiative taking

• Ability to work within a team and speak directly to onshore stakeholders

• Proven ability to prioritise workload effectively in line with business priorities 
  
  Link to Candidate User Guide:

   

  
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  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.”

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