Assistant Manager Operations

Job description

Job description

Why join us?

The role holder will be part of the Equities business franchise under Market Securities Services Operations (MSSO) umbrella. The business covers products in the Equity Derivatives and Prime Finance areas. The scope of the team in KL comprises middle office operations and includes the following activities:

·  Trade validations to front office systems, cash equity/stock loan breaks, intersystem break investigation, review documentation and settlement discrepancy queries from back office operation teams.

The Opportunity:

You will be part of a task force responsible for managing post trade support activities such as intersystem break investigation, trade validations, resolve trade/settlement discrepancies and trade life cycle management The role will cover Hong Kong and European facilitated activities under HK balance sheets.

Your main contacts will be front office, settlement and middle office teams.

The role will be working on Hong Kong shift with a possibility for staggered work hours.

What you’ll do:

·  Provide trade support to Prime Finance front office in Hong Kong.
·  Responsibilities include but not limited to trade validations to front office systems, cash equity/stock loan breaks, intersystem break investigation, review documentation and settlement discrepancy queries from back office operation teams.   
·  Interact with Front Office Trading and Sales, Operation teams, Product Control and external counterparties to resolve trade discrepancies and escalation issues.
·  Ability to apply judgment to operational situations in a fast paced environment to drive progress.
·  Identify potential financial risk to the bank and ensure proper resolution is achieved within the bank’s guidelines.
·  Timely escalation when necessary for issues that may cause financial loss to the bank or that could affect client relationships.
·  Ensure adequate support for effective management of Key Risk Indicator (KRI)s, to minimise risk e.g. Nostro/Stock/inter-system breaks.

Requirements

What you will need to succeed in the role:

·  A degree in Business or Finance would be preferred.
·  3-5 years of investment banking experience would be recommended.
·  Strong understanding of the Derivatives and Prime Finance products.
·  Added advantage would be prior middle office experience of Markets products.
·  Ability to work in a virtual team environment with ability to support multiple functions and stakeholders.
·  Demonstrates strong analytical and critical thinking skills to effectively identify, assess and resolve complex operational challenges, ensuring seamless support of operation activities and compliance with regulatory requirement.
·  Ability to maintain flexibility in working hours to accommodate the dynamic nature of financial markets and ensure timely support for trading activities and client needs.
·  Hands on experience of executing on-shore and off-shore operating models.
·  Strong awareness and appreciation to operations risk and control and exception management.
·  Ability to implement global initiatives and work as part of a global management team.
·  Strong communication skills with the ability to manage local and international relationships across an organization.
·  Attention to detail and a hands on approach to management to work with local managers driving process change and improve efficiency and control.
·  Drive and work in a good team spirit.  Create reliable connectivity with team members and peers group.

What additional skills will be good to have?

·  Understanding of Markets Operations is an added advantage.
·  Able to work in a demanding and time sensitive environment.
·  Hands on experience of operations processing is an advantage.