Manager - Processing

HSBC; Kuala Lumpur; On-site; USD 50,000 - 80,000; Full time

Job summary

HSBC is looking for a Manager in Processing to join their Global Debt Markets Derivatives Trade Processing Management team in Kuala Lumpur. This role focuses on trade validation and reconciliation for Interest Rates Derivatives, ensuring compliance with internal policies and effective risk management while improving operational efficiency.

Qualifications

• Experience in trade control processes and reconciliation services.
• Strong analytical skills and risk management understanding.
• Ability to escalate issues and manage controls effectively.

Responsibilities

• Provide high-quality Trade Validation and Control services.
• Ensure real-time reconciliation for Total Return Swaps.
• Improve process KPIs and address control gaps.

Skills

Trade Validation

Risk Mitigation

Analysis

Tools

Global Calypso

Summit

DTCC

Job description

Why join us?

If you’re looking for opportunities to develop your career, take the next step in fulfilling your potential at HSBC. Our Global Debt Markets Derivatives Trade Processing Management team plays a vital role in Rates trading lifecycle management. We partner with the business to provide accurate, efficient, and timely trade validation, ensuring seamless downstream processing. We are seeking a high-caliber professional to join as Manager - Processing.

The Opportunity:

What you’ll do:

• Provide high-quality Trade Validation, Trade Control, and Trade Reconciliation services to Middle Office, Front Office, and Operations for Interest Rates Derivatives across London and Paris as per service agreements.
• Investigate and validate trades using email blotters, recaps, consents, batch populations from core systems such as Global Calypso, Summit, XFOS, ICELINK, DTCC, and DTP.
• Ensure real-time reconciliation and updates for Total Return Swaps, maintaining T+0 dispatch of paper confirmations.
• Raise trade discrepancies, chase and resolve outstanding queries with front office and sales.
• Monitor trades on platforms like DTCC GUI and Icelink, and handle Broker Inbox confirmations.
• Ensure timely trade approvals, data feeding into core systems, and analyze straight-through processing (STP) functions.
• Investigate counterparty issues, unrecognized trades, and prioritize risk mitigation.
• Update end-of-day trade populations in MI and dashboards, distribute reports, and analyze metrics.
• Prioritize aging/high-risk items, escalate issues appropriately, and manage risks and controls per standards.
• Improve process KPIs and KRIs, identify control gaps, and implement efficiency measures.
• Maintain HSBC internal control standards, ensure compliance with policies, and understand operational risks and governance requirements.