Why join us?

If you’re looking for further opportunities to develop your career, take the next step in fulfilling your potential right here at HSBC. Global Debt Markets Derivatives Trade Processing Management is integral to HSBC’s purpose and strategy, playing a valued role in Rates trading life cycle management. Our global team of Middle Office professionals partner with the business to provide accurate, efficient, timely and controlled trade validation, ensuring seamless downstream processing. We are currently seeking a high caliber professional to join our team as Assistant Manager - Processing. This role does not have direct reports.

The Opportunity:

Provide high quality Trade Validation, Trade Control and Trade Reconciliation Investigation service to the Middle Office Desk Support, Front Office business and onshore Operations for Interest Rates Derivative products across London and Paris as per agreed service agreements.

What you’ll do:

Investigate / validate trades on email blotters / recaps, consents, batch populations from core systems i.e. Global Calypso, Summit, XFOS, ICELINK, DTCC and DTP.Total Return Swap population is reconciled and updated as real-time communication with the drafting team to ensure T-plus-Zero (T 0) dispatch paper confirmations.Raise trade discrepancies to front office and ensure outstanding queries are chased and closed in timely fashion.Liaise with front office, sales and operations to resolve trade discrepancies.Monitor trades on Novation Platforms such as DTCC GUI and Icelink for Novation Deals. Monitor trades on Broker Inbox for incoming Broker Confirmation tickets for Broker Deals.Chase front office and sales on ensuring novation trades are approved by T 0.Monitor and ensure all trade population are fed in core systems i.e. DTCC accordingly.Analyse straight through processing (STP) functions and provide coverage emphasizing on full STP functionality.Investigate and resolve counterparty alleges on DTCC.Unrecognized trades are investigated and prioritized as risk to ensure they are mitigated.Responsible to update end of day population in Trade Capture MI and Credit Reporting Dashboard along with email notification to Front Office for missing sales recap trades.Responsible to validate and update end of day population in Trade Capture MI.Timely distribution of reports, MI, analyses and metrics.Validate and populate End of Day data in daily Credit Reporting Dashboard. Investigate and prioritise aging / high risk items. Identify control gaps and implement additional steps to mitigate risk in an environment of capacity constraints.Continually challenge procedures, checklists and performance measures to ensure our delivery to clients are optimized.Identify areas of efficiency and implement changes. Maintain HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.Implement and ensure adherence to the Group Privacy, Control and Compliance Policies, applicable to their role.Adhere to the group requirement that each employee is aware of the Operational Risk scenarios associated with their role and to ensure that all actions during their employment with HSBC take account of the likelihood of operational risk occurring. Understand and ensure compliance to all relevant internal and external governance, regulations and procedures. 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.