Middle Office Desk Support - Fixed Income Derivatives Trade and Position Managem
New York, NY 
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Posted 14 days ago
Job Description
Job description

Our purpose - Opening up a world of opportunity - explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We're bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world - for our customers, our people, our investors, our communities and the planet we all share.

Responsible for managing the trade capture workflow in the primary trading systems across Derivatives, Foreign exchange, Fixed Income and related products. Trade capture responsibilities include, but are not limited to, performing initial trade bookings and amendments in the trading systems, resolving trade discrepancies, facilitating trade life cycle events and identification and resolution of variations in risk within primary trading system. In addition, the role requires all trade issues to be monitored, escalated as necessary, and resolved in a timely and efficient manner. As a result, the role is an escalation point for the various internal teams and external clients on transaction related issues. Cross training with team members supporting other products will be required for coverage purposes.

As our Middle Office Desk Support - Fixed Income Derivatives Trade and Position Management Specialist you will:

  • Monitor trade capture workflow in the primary trading systems
  • Apply independent judgment and discretion when resolving trade discrepancies to ensure the firm's capital is accurately applied
  • Based on product, system and proprietary knowledge, identify and resolve variations in risk in the primary trading system, e.g., booking discrepancies
  • Book trades within regulatory time frames to comply with HSBC, client, and market regulatory standards
  • Identify trades for bi-lateral compression to reduce risk weighted assets (RWA)
  • Responsible for global connectivity and communication with global counterparts to ensure consistency and alignment to target operating models within the Middle Office
  • Ensure initial trade bookings, trade amendments, client credit checks, allocations and novations occur in a timely manner
  • Deliver high priority client service to meet client and internal expectations which directly affects the customer's perception of HSBC
  • Identify potential financial risk to the bank and ensure proper resolution is achieved within the bank's guidelines

For this role, HSBC targets a pay range between $91,100 and $130,000.

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee's overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a "bonus"). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Requirements

Youll likely have the following qualifications to succeed in this role:

  • Minimum of a BA/BS degree in financial or related field, or related experience
  • Knowledge of financial processing systems and accounting
  • Ability to operate autonomously without direct supervision
  • Ability to quickly analyze and make decisions in the event of a problem
  • Ability to quickly grasp new industry practices and create/document new processes
  • Proactive thought leadership to identify and deliver process improvements and efficiencies
  • Strong organizational skills and ability to effectively prioritize
  • Ability to manage a network of diverse stakeholders in person and remotely.
  • Understanding of the "Best Practices" and back-to-front product flow to manage Operational Risk
  • Seasoned written and verbal communication skills

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

#wayup
As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC's engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You'll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.

 

Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Salary and Benefits
$
Required Education
Bachelor's Degree
Required Experience
Open
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