Assistant Manager - Clearing & Settlements FUND ORDER_MNL

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join 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 – Clearing and Settlements FUND ORDER_MNL.

Clearing and Settlements is responsible for the end-to-end functions supporting securities and trade instructions for custody clients across the markets we support.

Responsibilities cover trade capture and repair, settlements and exceptions handling including FX processing as well as Fund Order processing.

Oversight and management of the team’s day-to-day operations is critical given the real-time deadlines. It is critical to ensure accuracy and efficiency of the in-scope processes while keeping abreast with the latest market developments affecting the overall clearing and settlement process.

Principal responsibilities

• Perform daily repair and management of outstanding instructions for Custody clients under the market(s) supported.
• Ensure timely processing and verification of instructions and adherence to controls in place to prevent processing risk. Able to handle high volume and high value transactions accurately and under time pressure.
• Provide operational support as driven by the business in shifts that include coverage for MENA markets (Sunday to Thursday, mid shift), US markets (night shift) and Asian markets (early Asia Pacific shift)
• Handle enquiries related to client trade instructions and will serve as first point of contact escalation from internal and external stakeholders across HSBC network
• Generate and prepare reports on an ad-hoc basis regarding trade MI as and when this is needed by stakeholders.
• Actively participate and suggest improvements which can improve the process mechanics.
• Timely escalation of operational risks foreseen during processing of tasks, as and when exceptions are detected, which can lead to client impact.  

Requirements

• Bachelor degree holder in business, finance or related discipline
• Knowledge in MS Excel and Macro is a plus
• Able to prioritize tasks and manage time well and with excellent attention to detail.
• Excellent communication skills in written and spoken English
• Strong interpersonal, analytical and problem solving skills
• Client facing and negotiation skills in dealing with internal and external stakeholders
• Able to maintain good working relationship with clients.
• Good to have skills and certifications
• Broader experience in financial products’ processing, settlements and general operations knowledge will be an added advantage
• CISI/FINMA or SEC exchange certifications are a plus
• Knowledge of SWIFT

You’ll achieve more when you join 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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