Job description
if you're looking for a career where you can make a real impression, join global service center (gsc) hsbc and discover how valued you'll be. Hsbc is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and ultimately helping people to fulfil their hopes and realise their ambitions.
role purpose
the tdq&r—t&tr is a risk and control function within the global markets middle office and is primarily responsible for ensuring hsbc's otc derivative trade reporting to global regulators is complete, accurate and timely in all cases. It is a global, cross‐asset‐class function that works closely with front‐to‐back stakeholders to ensure key controls are in place, mitigating or identifying regulatory issues/breaches and reducing hsbc's overall regulatory risk. The team are considered the 'control owners' for otcd trade reporting, evaluating daily reporting submissions, monitoring trade reporting exceptions and reconciliations, managing linking and matching activities, performing manual uploads to the trade repositories (where needed), identifying trade reporting defects, implementing mitigating/identification controls, ensuring timely escalation of all identified issues and reinforcing a culture of regulatory awareness across front‐to‐back functions in line with the global regulatory control framework.
main activities
* working with the global regulatory middle office function to identify, escalated and remediate issues and reporting defects.
* assist in the generation of periodic and ad‐hoc regulatory reporting management information metrics.
* delivering global control framework activities for hsbc's global otcd trade reporting obligations.
* interacting with offshore/onshore colleagues as part of daily controls.
* producing regional trade reporting governance packs for presentation to front‐to‐back stakeholders.
* understand hsbc's global regulatory obligations, system infrastructure & reporting mechanisms as well as otc derivative products and the otcd market and utilise this knowledge to identify reporting or operational inefficiencies and drive improvement.
* maintain comprehensive tracking of open reporting issues and defects.
* participate in working groups and project meetings to drive resolution of key issues.
* use acquired knowledge to identify and mitigate new reporting issues.
* process all stakeholder (internal and external) requests/queries in a timely and accurate manner.
* team‐management activities with regards to task allocation, performance reviews and team administration.
requirements
* a degree in banking/finance/risk management/business.
* comprehensive knowledge of the main aspects of hkma, cftc, mas, asic and emir trade reporting.
* good understanding of end‐to‐end trade lifecycle of typical otc derivative products.
* at least 7+ years previous experience in a risk/control environment (or similar) within an investment bank/financial institution.
* rigorous approach to controls and minimisation of operational risk.
* strong analytical skills.
* aptitude for continuous improvements and operational effectiveness with ability to identify issues/inefficiencies and realise solutions.
* technical understanding of how systems deliver regulatory reports, and trade repository limitations and behaviours.
* excellent written and verbal communication skills.
* experienced in working with virtual/global teams and functional management.
* ability to challenge and question constructively with strong analytical & investigative skills.
* strong inter‐personal skills: ability to handle conflict and manage expectations.
* self‐motivated with proven ability to prioritise tasks, set targets and meet deadlines with an organised and structured approach.
* strong leadership skills with ability to oversee and support direct reports with daily activities, identifying development opportunities.
* advanced skills in ms excel (macro/pivot), access, and sharepoint would be beneficial.
* understanding of key aspects related to creation of meaningful mi dashboard and ability to present the same.
competencies
* ms excel.
* knowledge of equity.
* compliance.
* operational risk controls.
at hsbc we offer our colleagues a greater number of leave days so that they can fully enjoy their wedding, take care of the new member of the family, or grieve the loss of a family member. #j-18808-ljbffr