Why join us?

If you’re looking for further opportunities to develop your career, take the next step in fulfilling your potential right here at HSBC. Global Debt Markets Derivatives Trade Processing Management is integral to HSBC’s purpose and strategy, playing a valued role in Rates Credit trade life cycle management. Our global team of Middle Office Desk Support professionals partner with the business to further support on trade support tasks including Rates, Credit, Bonds, Futures and Repo, non-economic amendments, UAT testing, query management and systems feed exception monitoring.

The role further thrives to enhance our current business model on compression, and late clearing with a more-client focused and proactive approach which further increase notional saving and reduce operational risk by increasing the STP ratio. The role also seeks to continue to ensure the overall success of the MO Target Operating Model (TOM) design and implementation and support on new products, initiatives and business requirements. We are currently seeking a high caliber professional to join our team as Assistant Vice President – Trade and Position Management Specialist. This is an Individual Contributor role with no immediate reporting lines.

The Opportunity:

What you’ll do:

Provide high quality Trade Enrichment and Trade Lifecycle Event management services for Interest Rates Credit Derivatives trades (Vanilla Structured) to the Front Office business and onshore Operations across Hong Kong and the APAC countries as per agreed service agreements, as Middle Office Desk Support.Trade Compression and backloading support for reducing operational and counterparty risk exposures and achieve regulatory capital saving.To establish trade allocation, ensuring risk is properly captured in internal systems and escalating any issues to trading and sales. Able to work with sales and trading to manage deals to be closed on a targeted timeframe.Agile with the ability to resolve issues under tight deadlines in a constantly evolving environment.Provide Regional APAC dedicated support to the trading desks actively across a variety of Fixed Income products, ensuring the risk is properly captured in our internal systems, acting as the primary contacts to internal and external clients on delivering quality service, independent control, operational risk safety and cost efficiency.Provide appropriate input in all change initiatives, advising potential impact on the current processes, drives change management in coordination with I.T to increase automation and controls. Assist in building out a global and robust set of controls in line with the GDM Control Framework to ensure the overall success of Middle Office TOM design and implementation. Ensure the regulatory framework in place is effective and properly applied to relevant trading activity. Understanding risks associated with the trade flow, ensuring appropriate controls are implemented, highlighting areas for process improvement and making the necessary suggestions to get these controls in place. Become the regional SME for new system and process specifications. Act as a point of escalation for all Front Office queries where required. Extensive interaction with trading, sales, business management, legal, credit, GM Management office, Regional COOs as well as MSS Operations and I.T. teams to resolve issues. Ability to clearly articulate issues and requirements with trading and sales staff and other support functions.There will be no direct line reports but significant interaction with a range of service providing teams and other stakeholders.Lead innovation and change within the team. Create a positive environment where team members feel encouraged to contribute and drive improvements within the process.Build robust succession planning and ensure the absence of key person dependencies.Ensure expertise and competencies are developed within the team. A strong focus on minimising the Operational Risk is vitalConstant drive to develop as well as improve existing controls in order to promote a strong governance model.The successful candidate must be able to demonstrate good BA skills and a solid, logical and structured approach to projects. The ability to “make things happen” and drive change is vital.The implementation of controls within the wider GM control framework and ensure that the controls remain usable and relevant.Highly professional and articulate with good RM stakeholder engagement skills - with the ability to work with people of all levels both inside and outside of the FI asset class.A strong understanding of process flows, front to back trade life cycle and product knowledge.Demonstrate an ability to work on their own and without supervision, able to take the initiative and take responsibility but also show a good understanding of team work.Act as a point of escalation for operational issues within the team and be able to communicate, address, and resolve issues with the relevant areas in a timely manner. Ensure the escalation of all problems/risk issues within their area to the respective stakeholders and the appropriate levels of management as per escalation matrix, in a timely manner.Ensure effective management of risk and controls in line with the Risk Management Control Framework.Promote and display risk culture in terms of behavior, ownership, leadership and awareness plus cultivate a supportive environment towards achieving risk objectives.Identifying control gaps and implementing strategic steps to mitigate risk in a capacity challenging environment.Continually challenge procedures, checklists and performance measures to ensure our delivery to clients are optimized.Identify areas of efficiency and implement changes.Set high standards of staff motivation and leadership by maintaining a good work environment leading to a highly committed and productive team.Develop staff to achieve their potential and ensure that the objectives and standards set by the organization are met and adhered to.Ensure high quality service to the business areas by minimizing risk through effective management of cost and resources.Observe all reporting requirements applicable to their role are completed timely and to a high standard.Is aware of the Operational Risk scenarios associated with the role and acts in a manner that takes account of operational risk considerations.Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.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.