Derivatives Clearing Operations Lead

HSBC Group; Philippines; On-site; PHP 800,000 - 1,200,000; Full time

Job summary

HSBC in the Philippines seeks an experienced Assistant Manager – EQ Clearing and Settlements to strengthen Market Assurance and reconcile positions across exchanges for futures and options. You will manage lifecycle event processing, including assignments, exercises, expiries and related adjustments, while maintaining robust controls and timely settlements.

In a fast-paced, highly controlled environment, you will coordinate with regional teams (HBAP, HBEU, HSI), investigate exceptions, and drive

Qualifications

• Experience in derivatives markets and financial services operations.
• Strong understanding of futures and options product and market risk.
• Understanding trade lifecycle events, position management and reconciliations.
• Ability to investigate complex operational issues with 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 knowledge

Trade lifecycle understanding

Risk & controls mindset

Data handling / large datasets

Automation opportunities

Communication skills

Regulatory knowledge

Job description

HSBC in the Philippines seeks an experienced Assistant Manager – EQ Clearing and Settlements to strengthen Market Assurance and reconcile positions across exchanges for futures and options. You will manage lifecycle event processing, including assignments, exercises, expiries and related adjustments, while maintaining robust controls and timely settlements.

In a fast-paced, highly controlled environment, you will coordinate with regional teams (HBAP, HBEU, HSI), investigate exceptions, and drive