Foreign Exchange/Money Market (Interbank) Operations Officer

Job description

HSBC Corporate and Institutional Banking (CIB) is a markets-led, financing-focused business that provides investment and financial solutions. Within CIB, Securities Services provides robust and reliable solutions that help clients mitigate risk and enhance their business performance. Working with institutional investors, banks, insurance companies, governments, and multinational corporations, this team covers fund administration, global custody, sub-custody and clearing, and corporate trust and loan agency services.

People Responsibility

No Reports To: SVP GFX Operations Job Content This team is the backbone of our Global Markets business (one of the largest of its kind in the world) and combines sophisticated 24- hour global coverage with a detailed knowledge of local markets and specialises in foreign exchange, credits and rates, structured derivatives, equities and debt, equity and equity-linked capital markets. Markets Operations is responsible for driving every part of the trade lifecycle post execution.

This team manages settlement activity, risk and control, adherence to regulatory compliance, and seamless operational client service across 60 markets. This position job holder operates within MSS Operations handled all phases of the trade lifecycle and is required to deal with both internal and external stakeholders. The Team not only serves MSS Ops daily activities but is also a central control component ensuring compliance of varied regulatory reporting and control.

Scope of coverage includes but is not limited to FX, MM, specific local reference data maintenance, confirmation drafting, Margin events from CSA/GRMA monitoring, GL reconciliation and substantiation and the management of offshore services etc.

• Daily trade processing, confirmation and settlement and daily cashflow projection to facilitate nostro funding management
• Investigation and resolving operational issues with both internal and external stakeholders
• Reporting on regulatory reporting, internal performance and control metrics
• Assisting with internal and external audits
• Performing End-of-day trade population checks
• Perform the required maintenance in systems reinforced in the duty of segregation from system and control perspective
• Act a contact window of local owner of offshoring activities covering inter system reconciliation, client reference data, market data maintenance and own residual tasks onshore to execute the day to day supervision properly in line with the control standard and comply with the local regulation requirement.
• GL reconciliation and substantiation – serving independent control outside of core Operations and required minimum understanding in accounting principles and account purposes.
• Perform the static data maintenance and CSA/GMRA agreement setup in system and independent review of data quality check.
• Margin event monitoring and follow up with counterparties.
• Prepare management reports to seniors and inter stakeholders for review.
• Support project implementation on innovation around system automation, reporting, process or control.

Skills

Requirements

• BS degree in finance, economics, accounting, or relevant analytical major
• Related financial services experience, preferrable Treasury settlement / Operations related fields
• Issue resolution and problem solving skills
• Ability to multi-task and absorb information across a broad spectrum of products
• Comfortable interacting at all levels of the organization
• Intermediate to advanced Excel skills
• Team player with excellent verbal and written communications skills
• Experience with identifying process and operational risk gaps, and subsequently devising controls and action plans to mitigate
• MS Office (Word, Excel, Powerpoint etc.)
• GPAD covered worker License/Qualification Requirement * License of Bank Internal Control and Audit, and/or Securities Broking is a plus