Clearing and Settlements Specialist

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  Clearing and Settlements Specialist

Activities

·         Raise SSI maintenance request on COAST for US entity.

·         Perform reconciliation on all entities except for Asia Pacific

·         Funding for Euroclear, domestic market settlement for off cycle and failing deliver vs payment (DVP) trades.

·         Process transaction fees and FX repatriation request.

·         US client services support

·         Perform allocations for markets Brazil, Colombia, Chile and Peru

·         Process Pink sheets (ADP) manual instructions across all markets

·         Process Claims / stock borrows lending fees / FTTs, IFTTs

·         Responsible for fails management process.

·         Identify potential financial risk to the bank and ensure proper resolution is achieved within the bank’s guidelines.

·         Monitor RAD  Rec/Del for unmatched items throughout the day

·         Monitor trade statuses and proactively address any settlement issues

·         Liaise with Middle-Office for any trade discrepancies

·         Perform daily reconciliation of Cash and Stocks

·         Investigate and resolve any discrepancies promptly

·         Associate will be responsible to oversee the daily functions of International Settlements. Responsible for overseeing and managing settlements in DTC for affiliates HBEU and HBCE.

·         Ensure that all trades are instructed to settle on a timely and accurate basis.

·         Review the fails report daily.

·         Reconcile daily stock record/ Depot Breaks/ Client breaks

•           Demonstrate sound understanding of all Equity Products

•           Knowledgeable in cross border settlement

•           Able to demonstrate the mind set and maturity to operate in a fast paced environment

•           Ability to apply judgment to operational situations in a fast-paced environment to drive progress.

•           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

•           3-5 years of Settlements or investment banking experience would be recommended.

•           Experience in people management is advantageous.

•           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.

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***