Collateral Repo & SBL Analyst

Job description

The global HSBC Collateral Management team is responsible for the margining and associated management of collateral assets for all HSBC Group OTC derivative, FX, commodity, and Repo and Securities lending activity. The group is tasked with minimizing HSBC’s counterparty credit exposure via the use of collateralization, acting on margin terms which are dictated in the various margin agreements, while providing superior client service to our counterparts.
 
The role requires all functions related to the daily margin call process for our HSI Repo business including issuing and responding to calls and close interaction with our settlements areas.  The candidate will need to understand the fundamentals of the repo trading business, margining and re-pricing portfolio’s and ensure and disputed margin calls are reconciled in a timely manner according to street and HSBC standards.
 
Primary Responsibilities/Essential Functions:
 
Perform various functions within the collateral management operations team, such as: 
Perform daily margin call process including review of system generated margin notices, review of portfolio valuations for accuracy and notification to clients and internal relationship managers.
Identify disputed margin calls and reconcile and report according to HSBC and Regulatory guidelines
Review pending Master Repo agreements to ensure credit terms are compliant to existing policies and procedures.
Periodic review of customer portfolios to ensure # of transactions, deal valuations and collateral pricing all agree to client information.
Interact with various departments within HSBC such as Credit, Trading, Documentation and Settlements to ensure the timely and accurate settlement of margin calls.
Prepare several daily, weekly and monthly MIS reports as they relate to margin activity.
Perform other job-related duties as assigned.
Decision-Making Responsibility:
Review the current processes, identify control gaps and potential improvements and escalate to local management
Identify and highlight disputed margin calls and escalate as necessary
Performs according to prescribed procedures.
 
Management of Risk
 
Each employee must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.
Each employee must ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
Each employee must promote an environment that supports diversity and reflects the HSBC brand.
 
Observation of Internal Controls
 
Each employee must maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Any failures to comply with the above should be reflected in year-end performance assessments.
Each employee must understand, follow and demonstrate 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.

Desired profile

Solid understanding of the Repo trading business as well as an understanding of the OTC derivative product.
2 years experience in Repo Collateral Management required, experience with Algo Collateral System a plus
Some exposure to MRA and GMRA (Master and Global Repo Agreements)
Strong numerical / statistical background
Excellent written and oral communication skills are required
Good Microsoft Office Skills with an emphasis on excel knowledge
Effective Team Player
A high level of customer service knowledge. The ability to communicate clearly and concisely with clients in this client facing role, but also very technical so client queries are met with professionalism
The candidate must be able to work on their own initiative and be completely reliable
Series 99
Series 7, 63 is a plus 
EEO/AA/Minorities/Women/Disability/Veterans