Mgr - Processing - SETTLEMENTS (MENA)

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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 Mgr – Processing – DCC MENA Settlements.

Principal responsibilities

• To acquire a broad understanding of the settlement and treasury processes and to keep abreast with the latest developments                                                                  in the assigned markets on the rules and regulations by the regulators, stock exchange and etc that may have implication to the daily

 settlement processes.

• Devise and analyze MI requirements/processes to ensure the tracking mechanism is reflective of the current business activities and

its ability to measure the team’s performance across different market with different level of experience.

• Ensure that business data requirements are completed accurately and supporting statistics/reports/returns are presented to

 business/management within agreed timescales.

• To plan for standardization of settlement processes by sharing the best practices across the various markets with the aim to enhance

cost effectiveness and efficiencies.

• Process productivity and quality targets are set, monitored and achieved to ensure optimum resource utilisation and achievement of

business objectives and customer SLA’s

• Drive rigorous and customer centric Quality Campaigns and initiatives to increase Quality awareness in the team
• Problem situations are proactively identified and resolved to give maximum customer satisfaction and escalated where necessary.

Appropriate measures are taken to improve quality and prevent recurrence.

Requirements

• Managing people / direct and indirect reports
• Processing / technical aspects of the process
• Lead User Acceptance Testing for the business (as and when required)
• Lead Projects for both business partners and HSS
• Checking all trade settlements and Foreign Exchange transactions which fall under the approval authority of this role
• Approves cash account and securities account opening/closure/maintenance (applicable for non-trade profiles)
• Investigation of failed trades, escalations from business, insufficient funding from clients
• Reconciliation of cash, stock and nostro accounts, which includes investigation of breaks
• Management Information Reporting

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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