12 days old

Post Trade Analyst - 0000FHGM

New York, United States
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  • Job Code
    818291

Post Trade Analyst - 0000FHGM
Description

!*!

At HSBC, the health and well-being of our employees remains of utmost importance.  Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our  New York, New York office.

Securities Lending Operations is a dynamic department that works with partners across the HSBC Global Banking and Markets business to deliver Securities Lending solutions to clients.

The role is in the newly formed Securities Lending Post Trade team situated in the US, providing operational support for the HSBC Agency Securities Lending Trading desk. Acting as point of contact for and post-settlement enquiries the Post Trade analyst will have extensive interaction with the trading desk and the wider Securities Lending Operations functions in the UK, Hong Kong and Kuala Lumpur. The team are responsible for the securities lending trade lifecycle from point of execution using all internal and proprietary front and back office systems overseeing the timely and efficient delivery of securities on behalf of our clients. The HSBC Agency Securities Lending business has access to a significant global asset pool from which it generates a valuable revenue stream for its clients.

Customers/Stakeholders include:

  • Sovereign Wealth Funds
  • Pension Funds
  • Asset Managers
  • Broker Dealers / Investment Banks

The Post Trade Analyst will be responsible for ensuring that HSS and our clients are risk protected by remaining fully collateralised in line with HSS and client stipulated mandates and by overseeing the timely settlement of new lending positions, and their recall and subsequent return. A large proportion of duties will centre around the management of cash collateral and the management of  non cash collateral loan books, the management of recall and settlement of securities and therefore prior experience and demonstrable competencies relating to this collateral type and trade management is required.

Responsible for ensuring that the Agency Securities Lending clients have fully covered with acceptable and appropriately priced collateral. They are also responsible for ensuring that all collateral held is within the parameters set by HSBC.

The role holder must be able to coordinate comfortably with multiple desks and people and be able to quickly learn new systems and processes. The ability to manage departmental projects is also preferred.

The role holder will ensure the HSBC values are present in everything they do, both individually and as an organisation. This will be achieved by consistently displaying the behaviours of:

  • Dependable and do the right thing
  • Open to different ideas and cultures
  • Connected to customers, communities, regulators and each other

Responsibilities:

  • Daily management of HSS cash collateral offering and assisting in continued development. 
  •  
  • To build good working relationships with our counterparts and monitor their performance. Arrange regular reviews and use example based feedback to address any examples of poor borrower performance  
  • To understand the current and future regulatory environment and apply those requirements to our processes.
  • To play a key role in exception management associated with Securities Finance regulations including SFTR and the future impact of CSDR.  Conducing exception analysis to identify trends and participate in enhancements in an effort to reduce exception levels.
  • To continually reassess the operational risks inherent in the business taking account of any changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management re-structures and the impact of new technology
  • To identify and fully contribute to any operational improvement initiatives in areas such as IT and Control
  • Ensure compliance with all relevant regulatory, legal, audit, bank and group requirements

Management of Risk

  • Ensure compliance with all relevant regulatory, legal, and Bank requirements including Group Standards Manual and Functional Instruction Manuals

Observation of Internal Controls 

  • Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
  • The jobholder is subject to compliance with FCA rules, general Bank guidelines and normal budgetary disciplines.
  • Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

!*!

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions

  • Prior cash collateral management experience in securities lending
  • Ability to work in pressurised environment and manage priorities effectively
  • Ability to learn new systems and processes quickly (Pirum, Global 1, Trading Apps, GCS/GHSS (Internal Custody Systems)
  • Strong analytical skills
  • Good planning and organisational skills
  • At least 3-5 years experience in a global custody / prime broker environment, preferably within securities financing with a strong understanding of operational risk.
  • Prior exposure to non-cash collateral transactions both bilateral and Triparty preferred
  • Excellent written and verbal communication skills
  • Highly motivated with strong attention to detail
  • Strong interpersonal skills with the ability to communicate clearly and effectively at all levels
  • Team-player
  • Self-motivated and tenacious
  • High level of interpersonal, professional and written communication skills, with the ability to communicate across all levels (including Senior Management)
  • Strong MS Office skills (a high competency level of  MS Excel and Access is desirable)
  • Understanding of and ability to work within an evolving regulatory landscape

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.


Primary Location !*!

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions

  • Prior cash collateral management experience in securities lending
  • Ability to work in pressurised environment and manage priorities effectively
  • Ability to learn new systems and processes quickly (Pirum, Global 1, Trading Apps, GCS/GHSS (Internal Custody Systems)
  • Strong analytical skills
  • Good planning and organisational skills
  • At least 3-5 years experience in a global custody / prime broker environment, preferably within securities financing with a strong understanding of operational risk.
  • Prior exposure to non-cash collateral transactions both bilateral and Triparty preferred
  • Excellent written and verbal communication skills
  • Highly motivated with strong attention to detail
  • Strong interpersonal skills with the ability to communicate clearly and effectively at all levels
  • Team-player
  • Self-motivated and tenacious
  • High level of interpersonal, professional and written communication skills, with the ability to communicate across all levels (including Senior Management)
  • Strong MS Office skills (a high competency level of  MS Excel and Access is desirable)
  • Understanding of and ability to work within an evolving regulatory landscape

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.


Schedule North America-United States-New York-New York
Unposting Date 

Industry

  • Banking / Finance
Posted: 2021-06-02 Expires: 2021-07-03

HSBC is one of the world’s largest banking and financial services organisations. We serve more than 40 million customers through our global businesses: Wealth and Personal Banking, Commercial Banking, and Global Banking & Markets. Our network covers 64 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.

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Post Trade Analyst - 0000FHGM

HSBC Bank USA
New York, United States

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