Assistant Manager Derivatives and Collateral Operation
HSBC · Shanghai
CIB - Markets Operations
This team is the backbone of our Global Markets business (one of the largest of its kind in the world) and combines sophisticated 24-hour global coverage with a detailed knowledge of local markets and specialises in foreign exchange, credits and rates, structured derivatives, equities and debt, equity and equity-linked capital markets.
Markets Operations is responsible for driving every part of the trade lifecycle post-execution. This team manages settlement activity, risk and control, adherence to regulatory compliance, and seamless operational client service across 58 countries and territories.
We are currently seeking an experienced professional to join our team.
In this role, you will:
- Ensure the successful processing of daily margin payments, & that all FIM, Audit and regulatory controls and requirements are met at all times.
- Ensure that we know and understand the business, organisation structure and contacts of all our clearing clients & internal clients.
- Ensure that we act as an effective point of contact for our clearing and collateral clients on any transaction, account, margin static or market / product related query.
- Ensure that client queries are handled in a professional manner by acknowledging, owning to resolution and demonstrating turnaround in line with what has been agreed.
- Act as a second level check when not conducting margin call processing or inputting.
- Daily review of bank reconciliation items and clearance of these items within agreed timeframes
- Implement a strong client profiling process.
- Active participation in the design, testing and rollout of new processes and strategic systems.
- Provide support & share knowledge on markets, products, procedures and core operating platforms for team-members.
- Ensure that you subscribe to formal objectives & personal development program with your manager.
- Ensure that you actively seek regular 1:1 meetings and commit to written minutes and follow-up actions.
- Participate actively to teamwork & leadership training & initiatives provided by the Bank.
- Participate readily in operations and business related projects.
- Safeguards the Company from potential loss and ensures that all procedures are strictly adhered to.
- Constantly reviewing procedures and workflows, identifying necessary changes or enhancement and escalating to the line managers.
- Ensure that daily controls & checklists are completed accurately and on a timely manner, providing appropriate policing and enforcement within the team.
To be successful in the role, you should meet the following requirements:
The candidate must demonstrate a strong understanding of:
- Global Markets products
- Margin and Collateral
- Clients and operational processing risk
- HSBC FIM and risk requirements around generic practices
You’ll achieve more at HSBC.
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Issued by HSBC Bank (China) Company Limited