Offers “HSBC”

Expires soon HSBC

FX Cash Middle Office Analyst

  • London, Canada
  • Marketing

Job description

Role Title: FX Cash Middle Office Analyst

Business: Operations

New or Existing Role? Existing

Grade: GCB6

Role Purpose
· Assist in ensuring the smooth running of the FX Internal Pricing function. Timely deal capture, amendments and lifecycle management to allow timely payments to customers
· Key Control monitoring

Key Accountabilities

Impact on Business

· Supporting the efficient and smooth running of day to day business
· Reduction of Operational Risk

Customers / Stakeholders

· Trading, RMs and External Customers
· Product Control, Operations, IT

Leadership & Teamwork

· Clear communication with global stakeholders

Operational Effectiveness & Control

· Middle Office Duties including
· Trade Amendments
· Booking Reversals of Trades
· Perform Post Trade Events
· Query Resolution
· Exception Monitoring of Key Control Reports
· Liaison between FO and all support functions to ensure
· Smooth running of day to day business
· Identify enhancements to current processes
· Assist in planning for future developments
· Operational Losses
· Creating efficient tools to monitor past losses
· Ensuring past actions are resolved
· Looking for trends/repeat losses and effective steps to mitigate these
· System Developments
· Work with IT to resolve known bugs in the system
· Testing
· Project Work where required
· Any other ad-hoc work

Major Challenges
· Understanding the booking requirements of FX products that are traded
· Improve efficiency by performing regular reviews of existing processes
· Identify and assess risks and issues to the Business and escalate appropriately
· Communication with traders when positions / P&L are changed
· Liaison between Operations and Product Control

Role Context
· The role is based in London within Global Markets.
· Reporting in to the Head of FX Cash Middle Office
· Ability to work without close guidance on the majority of tasks although support will be there where required
· Ability to accurately deliver with a sense of urgency without missing payment cut offs
· Ability to rectify own errors and resolve
· Identify both major and minor change opportunities that will benefit both the team and Business as a whole, effectively communicating and justifying proposed amendments to improve efficiency, controls and capacity alike
· Demonstrate effective communication between relevant areas globally
· Understand the importance of their role

Management of Risk
· Demonstrate awareness of the Operational Risk associated with the role and act in a manner that takes account of operational risk considerations of the Bank. Communicate and propose implementation of risk mitigants that you feel are not addressed within the current Operational process.

Observation of Internal Controls

· Maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
· 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

Qualifications :

Knowledge & Experience / Qualifications

·  Understanding of Front to Back trade flow
·  Ability to pick up new processes quickly
·  Lateral thinking to identify improvements in processes
·  Clear communication skills
·  Ability to effectively prioritise

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies. overview

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