Assistant Vice President - EQ - CLEARING AND SETTLEMENTS

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 Vice President - EQ - CLEARING AND SETTLEMENTS.

Principal responsibilities

•  The primary responsibility of the Trade Processing role within Futures Operations is to ensure the capture and successful settlement of all futures and options trades for all primary markets (APAC/European regional markets) and completion of all secondary markets (USA) where the final end-account trade bookings must be completed.
• Ensure successful processing of Futures ‘Deliveries’, which incorporates, Contract Expiries, Contract Deliveries, Option Exercise and Assignments and Corporate Actions. Failure to action events correctly or notify clients within the correct timeframe, can lead to significant financial loss and reputational risk to the firm. As such, the ‘Deliveries’ function includes many of the highest risk processes across the Futures team.
• Supervision of daily successful settlement of Exchange Traded Futures and Options on an intraday basis with all exchanges and 3rd party brokers
• Supervise daily notification to clients/ internal stakeholders on expiring contracts.
• Facilitating the deliveries of exchange traded contracts to counterparties, both internally and externally.
• Supervising daily processing of corporate actions within Listed Derivatives products.
• Supervising daily processing of Stock Options and resulting exercise and assignments, ensuring close coordination with Clients, Client Services and the Equity Operations team
• Supervise daily trade processing controls across the team, including end of day completeness checks for all markets.
• Demonstrate compliance of trade processing practices to the respective regulatory and exchange responsibilities.
• Escalation of all breaks or trade processing issues.
• Demonstrate a strong understanding of the trade processing flows and practices also the regularity and exchange responsibilities required.
• Demonstrate a strong understanding our internal and external clients, ensuring that efficient and controlled trade processes are deployed

Requirements

• Understanding the HSBC Futures offering and capabilities
• Experience in Exchange Traded Derivatives and Cleared OTC derivatives is required
• Demonstrate strong understanding of exchange rules and regulatory environment across Asia & Europe.
• Demonstrate strong understanding of futures and options product and market risk
• Proven leadership and management skills within a comparable function
• Strong communication (verbal and written), analytical, organizational, and planning skills
• Ability to capably interface with a broad range of resources at various levels of seniority / experience and role diversity in multiple geographies
• Strong understanding of regulatory environment in the Listed Futures & Options and Cleared OTC business 
• Strong risk assessment, control and testing skills
• Ability to manage conflicting priorities effectively and proven ability to meet challenging deadlines
• Ability to exercise discretion, work independently within broad guidelines, tactfully handle sensitive and confidential data and complete assignments on timely basis

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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