Margining Analyst II - Commercial Banking

Job description

HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the largest and leading international bank in Canada. HSBC serves customers worldwide through an international network of around 3,800 offices in 66 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa

We help companies and individuals across Canada to manage their finances through three global business lines: Commercial Banking, Global Banking and Markets, and Retail Banking and Wealth Management.

It's this global connectivity that you will find yourself inspired and collaborating with colleagues not just locally but also across continents and cultures.

About Commercial Banking


HSBC Commercial Banking has an extensive network that covers three-quarters of global trade flows. It operates in 54 countries and territories, covering the developed and developing markets that matter most to our customers. Through our teams we connect businesses to opportunities, helping them thrive and grow. We work with a wide range of customers, from mid-market companies to large multinationals, providing them with the tools they need to function efficiently. These include global trade and receivables finance, global liquidity and cash management, multi-currency accounts, commercial cards, overdrafts, working capital finance, insurance, term loans and syndicated, leveraged, acquisition and project finance.

Relationship management is at the heart of our business and these teams work closely with customers to build an in-depth understanding of their needs.

Key Objectives for CMB Margining Analyst 2:

Provide commercial banking customers with efficient and effective service for margin value calculation, covenant monitoring, pricing grid review and other services to enable customers to have quick access to the right level of operating facilities and be priced accurately as per contractual agreements, as well as perform trend analysis and customer's financial performance testing to support Relationship Managers (RMs) to detect possible early warning signals and account irregularities.

They will work closely with RMs supporting delivery of professional margining service to customers. The job holder is required to provide high quality service to his/her internal and external customers; taking ownership and completing all tasks in a timely manner. This supports the bank's long-term strategy to lead business by establishing and maintaining long term relationships with businesses, treating customers fairly, and providing an excellent customer service. This role will support more than 1 RM, some of whom may be remote.

Principle Accountabilities:
· Manage all aspects of margining, covenant monitoring and pricing grid review.
· Ensure timely and accurate maintenance of margin calculation, covenant calculation, trend analysis and financial performance testing.
· Work with RMs to avoid reoccurrence of audit findings in Margining area.
· Provide training to new team member in Margining and share knowledge with team members in daily work
· Continuously seek for opportunities to simplify the margining process and improve the quality of margin value calculation
· Provide support in reviewing and updating margining procedure manual
· To treat customers fairly in all aspects of communication.
· Maintaining excellent communication with Group colleagues to ensure a joined up approach to identifying, analyzing and resolving issues
· Acting as the vital point of contact for clients in terms of margining and liaising with colleagues in the Centres, Case Management and GSD on administrative duties.
· Work as an integrated member of the team
· Work with colleagues and relevant departments as appropriate to ensure that all documents are processed in a timely manner
· Work in partnership with colleagues across the HSBC network to deliver exceptional standards and quality of service
· Promote an environment that supports diversity and reflects the HSBC brand.
· Adhere to structures and processes in place for the management of credit, operational, reputation and regulatory risk.
· Ensure credit and operational quality is not compromised in the pursuit of income
· Ensure operational losses and fraud are minimised
· Respond within agreed timelines to issues raised by audit and external regulators.
· Help to resolve any/all identified issues promptly, and escalate concerns to management as appropriate to ensure timely awareness of any material concerns.
· Maintain and observe all HSBC control standards and implement and observe the Group Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators.
· Maintain awareness of operational risk within assigned portfolio and minimise the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting.
· Protect sensitive customer and bank information by ensuring documents, computers, files, and all confidential matters are appropriately handled as set forth by policy.
· Ensure that all employees are aware of and effectively identify and manage applicable money laundering (ML), terrorist financing (TF), sanctions and reputational risks.
· Complete other responsibilities, as assigned

Desired profile

Qualifications :

Knowledge & Experience / Qualifications:

Essential

·  Bachelor's degree or minimum of 2 years of relevant work experience
·  Strong excel knowledge (e.g. formulas/functions) and strong interest in data processing
·  Accounting related knowledge, e.g. understanding and analysis of Balance Sheet, Income Statements, Account Receivables, Account Payable etc
·  Understanding of risk management
·  Some understanding of credit
·  Analytical and financial skills.
·  Ability to work without constant direction
·  Good organizational and time management skills.
·  Ability to interact with all levels of commercial customers
·  Good interpersonal skills
·  Good communication skills, both oral and written

Desirable

·  Commercial awareness, including economic, cultural, procedural and regulatory issues.
·  Working knowledge of CMB's product capabilities
·  Knowledge of HSBC internal system i.e. HUB, CARM

HSBC Proud

In 2018, HSBC Bank Canada was named one of the “Best 50 Corporate Citizens” in Canada by Corporate Knights magazine. HSBC was also the first company to be recognized as a top performer in gender diversity within the financial services sector, as part of a new Corporate Knights initiative to recognize leaders in this space.

Join HSBC, and benefit from the following:

·  Career Development: Within your current role, as well as Canadian and international opportunities
·  Company Reputation: Offering prestige, strength, and longevity
·  Business Growth: Underpinned by our drive, and the highest banking standards
·  International Connectivity and impact: Build global relationships and be a part of international initiatives
·  A diverse workforce: Reflecting our belief that diversity of thought, background and perspective make HSBC a stronger organization
·  Corporate Sustainability: We build our business for the long term by balancing social, environmental and economic considerations in the decisions we make.