Assistant Manager, Derivatives Clearing Operations

HSBC; Quezon City; On-site; PHP 1,000,000 - 1,800,000; Full time

Job summary

HSBC is seeking an experienced professional to join our team in Manila as Assistant Manager – EQ Clearing and Settlements, within the Derivatives Clearing Services Operations (DCS). The role focuses on ensuring accurate reconciliation, lifecycle event processing, and timely exchange submissions across regions, supported by strong controls and efficiency improvements.

The ideal candidate will have derivatives market experience, deep knowledge of futures and options, and a proven ability to handle

Qualifications

• Experience in derivatives markets, investment banking operations or financial service operations.
• Demonstrate strong understanding of futures and options product and market risk.
• Understanding trade lifecycle events, position management, reconciliations and operational controls.
• Ability to investigate and resolve complex operational issues using a risk and control mindset.
• Experience working with multiple systems and large datasets.
• Proven ability to identify process improvement and automation opportunities.
• Strong communication and interpersonal skills.
• Knowledge of exchange rules, regulatory and control requirements within financial services.

Responsibilities

• Ensure positions between exchanges and HSBC internal records are accurately reconciled and investigated on a timely basis.
• Manage and support lifecycle event processing, including option assignments, exercises, expiries, and related adjustments.
• Process liquidation of positions and ensure timely submission of positions to exchanges in accordance with exchange rules and regulatory requirements.
• Support regional operations across HBAP, HBEU, and HSI, ensuring consistent process execution and issue resolution.
• Investigate reconciliation breaks, exceptions, and operational issues, ensuring proper escalation and timely resolution.
• Coordinate with internal stakeholders, technology teams, exchanges, and onshore counterparts for operational support, testing activities, and issue management.
• Identify opportunities for process improvement, automation, and operational efficiency to reduce manual intervention and strengthen controls.
• Assist in implementing process enhancements, system migrations, and strategic initiatives impacting Market Assurance operations.
• Support management reporting, audit requests, risk reviews, and business continuity activities

Skills

Derivatives markets experience

Futures & Options understanding

Risk & controls mindset

Data analysis

Stakeholder coordination

Job description

HSBC is seeking an experienced professional to join our team in Manila as Assistant Manager – EQ Clearing and Settlements, within the Derivatives Clearing Services Operations (DCS). The role focuses on ensuring accurate reconciliation, lifecycle event processing, and timely exchange submissions across regions, supported by strong controls and efficiency improvements.

The ideal candidate will have derivatives market experience, deep knowledge of futures and options, and a proven ability to handle