Assistant Vice President - TPM Specialist

Job description

Job description

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 Derivatives trading life cycle management. Our global team of Middle Office professionals partner with the business to provide accurate, efficient, timely and controlled trade validation, ensuring seamless downstream processing. The role further review both internal and external system reconciliation break investigation, reviewing trade documentation and settlement discrepancies queries from our back office. We are currently seeking a high caliber professional to join our team as Assistant Vice President – Trade and Position Management Specialist (Team Lead). This is a Team Lead role with people leadership opportunity.

The Opportunity:

What you’ll do:

·  Provide high quality Trade Validation, Trade Control and Trade Reconciliation Investigation service for Interest Rates & Credit Derivatives trades (Vanilla & Structured) to the Middle Office Desk Support, Front Office business and onshore Operations across London, UK and other HSBC Hubs (Hong Kong, Paris, New York) as per existing service agreements. 
·  Investigate / validate trades on email blotters / recaps, consents, batch populations from core systems i.e. Global Calypso, Summit, XFOS/Murex, ICELINK, Treats and DTP.
·  Reconcile Total Return Swap population and updated as real-time communication with the drafting team to ensure T-Plus-Zero (T+0) dispatch paper confirmations.
·  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.
·  Raise trade discrepancies to front office and ensure outstanding queries are chased and timely closed.
·  Liaise with Front Office Trading, Sales and Operations to resolve trade discrepancies.
·  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.
·  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.
·  Work towards improving process Key Risk Indicator (KRIs), Key Performance Indicator (KPIs) and bright lines through the efficient use of strategic solutions. 
·  Observe all reporting requirements applicable to their role are completed timely and to a high standard.
·  Identifying control gaps and implementing additional steps to mitigate risk in an environment of capacity constraints.
·  Continually challenge procedures, checklists and performance measures to ensure our delivery to clients are optimized.
·  Identify areas of efficiency and implement changes. Deliver on committed savings annually.
·  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.
·  Validate that the team can process the transactions accurately and all transactions are passed without defects.
·  Set high standards of staff motivation and leadership by maintaining a good work environment leading to a highly committed and productive team.
·  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.
·  Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.
·  Ensure adherence to the Group Privacy, Control and Compliance Policies, applicable to their role.
·  Adhere to the group requirement that each employee is aware of the Operational Risk scenarios associated with their role and to ensure that all actions during their employment with HSBC take account of the likelihood of operational risk occurring.

Requirements

What you will need to succeed in the role:

·  A minimum of a bachelor degree.
·  A minimum of 5 years working experience in an Investment Banking or Wholesale Banking environment with exposure in any areas within the Derivatives trade life cycle/front to back process with a minimum of 2 years’ experience in a Derivatives Trade Control role.
·  Working knowledge in Rates or Credit Derivative product is preferred. Knowledge in Structured Derivatives such as TRS, Options and Inflation Swaps will be an added advantage.
·  Trade validation experience is a pre-requisite with a strong track record for ‘attention to detail’.
·  The role is critical to the business and is a significant control in highlighting trade errors immediately after trade execution. It requires someone with an exceptional attention to detail, highly energetic, excellent communication skills and who has the ability to prioritize and think creatively to resolve issues quickly for the business.
·  The role requires someone who has a detailed understanding of how an Investment Bank works (i.e. roles and responsibilities of each function) and how the different departments are engaged in the trade life cycle and the end to end processes.
·  Strong knowledge in trade level reconciliation and investigation are preferred.
·  Strong resilience and aptitude in managing Front Office personnel, stakeholders and counterparts across KL, London, America, France, Hong Kong and APAC countries are preferred.
·  Technical understanding of how trading systems operate is a pre-requisite i.e. MarkitWire, TradeWeb, Bloomberg TOM.
·  Summit, Global Calypso, XFOS/Murex, MarkitWire, TradeServ, TREATS & other PTS and PTA systems experience is a pre-requisite.
·  Evidence of Thought Leadership within an operational supervisory environment for global market with the ability to apply critical thinking in working group, in crisis situation and in day-to-day problem solving is a necessity.
·  Assertive with strong influencing skills to be able to work with the industry, global Operations, IT, Trading and Sales effectively.
·  Strong understanding of operational risk, procedures and controls as well as of front to back trade lifecycle.
·  Able to perform well in a fast pace and high pressure environment against tight timelines.
·  Excellent planning, time management and organizational skills.
·  Knowledge of MS Office coupled with good numerical and analytical skills – be able to understand, analyze, and communicate data in a concise, logical and visually stimulating form. 
·  Strong culture of ethics and integrity.
·  Ability to learn quickly and transfer knowledge effectively and accurately.
·  Ability to speak and understand English fluently with exceptional business communication skills.
·  Ability to work in European time zone and on Malaysian public holiday.

What additional skills will be good to have?

·  Experience in Desk Support role (Trade input, trade enrichment and trade compression experience) would be preferable although not essential.
·  People and talent management.
·  Ability to independently initiate process improvements and encourage the same in others.