Assistant Vice President Collateral Disputes and Portfolio Reconciliation

Some careers shine brighter 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 organizations in the world, with operations in 62 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 realize their ambitions. We are currently seeking an experienced professional to join our team in the role of Assistant Vice President Operations Disputes and Portfolio Reconciliations.

Job Responsibilities: 

• Ensure client portfolio reconciliations are completed, and all breaks within investigation threshold are reviewed and escalated as required
• Ensure margin call disputes are investigated and escalated in accordance with the agreed thresholds and escalation framework
• Work with counterparties and internal stakeholders to identify and carry out any dispute resolution actions required to resolve reportable disputes
• Interact with Stakeholders and other risk managers on a regular basis to understand the Risk systems and organization
• Guide and provide feedback to staff on their development and ways of improvement that could enhance personal skills and knowledge to meet business objectives.
• Effectively manage implementation of reporting tools and guidelines for all processes, identifying and escalating issues for resolution as appropriate.
• Management information, other required data and communication are completed accurately and supporting statistics / reports / returns are presented within agreed timescales.

Job Requirements: 

• Experience with Over-The-Counter derivates, and Collateral Management processes
• People Management & Employee Development
• Capacity and organization planning
• In addition, the role will require a large degree of management of streamlining of processes while seeking efficiencies within current processes to ensure that appropriate economies of scale are achieved.
• The incumbent will be responsible for the review of new business initiatives relating to collateral optimization in Collateral functions and the process impact to Collateral Operations e.g. Foreign Exchange Prime Brokerage, Repo, Equity business. Aligning the various businesses
• This role will require the incumbent to build out an effective team covering Collateral Services tasks on a daily basis. This will require the individual to understand and educate their team, be able to work with multiple business stakeholders and communicate constructively and concisely.

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

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritized.

You’ll achieve more when you join HSBC.

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.