Manager

HSBC; Quezon City; On-site; PHP 1,200,000 - 2,400,000; Full time

Job summary

HSBC is seeking a Manager – EQ Cash Settlements – MNL to lead the Manila Cash Equity Settlements team. You’ll oversee day-to-day operations, drive improvements, and coordinate with Front Office and Finance to ensure timely trade settlements.

You’ll supervise settlements activities, manage risks, and implement changes in a fast-paced environment, while ensuring strict adherence to procedures and regulatory requirements.

Qualifications

• Knowledge of Equities front-to-back flow is a plus.
• Prior supervisory experience essential, preferably with change and operations management skills.
• Strong interpersonal skills and ability to communicate between Front Office, senior leaders and internal HSBC teams.
• Ability to problem solve, articulate requirements and implement change.
• Ability to multi-task and support multiple stakeholders.
• Able to work in a demanding and time sensitive environment.
• Hands on experience of operations processing is an advantage.
• Familiar working knowledge of associated technology.

Responsibilities

• Provide day-to-day support for Equities Settlements team across trade lifecycle to ensure timely settlement.
• Supervise day-to-day operations and delivery of initiatives including strategic deliveries and changes.
• Coordinate communications with Front Office, Finance, Settlements, Static Data for Equity trades.
• Ensure client trades allocation on Trade Date; balance domestic and foreign equity positions.
• Oversee intersystem reconciliations, break capture and external recons on exchanges.
• Escalate risks to management and maintain updated procedures.
• Apply judgment in a fast-paced environment to drive progress.
• Identify financial risk and ensure resolution per bank guidelines.
• Support KRIs to minimize risk (Nostro/Stock/inter-system breaks).

Skills

Equities front-to-back flow

Supervisory experience

Interpersonal skills

Problem solving

Multi-tasking

Time management

Operations knowledge

Job description

Some Careers Have More Impact Than Others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Manager – EQ Cash Settlements – MNL.

Principal Responsibilities

• The role holder will be part of the Equities franchise under Market Securities Services Operations (MSSO) umbrella. The role will specifically cover products in Cash Equity space. The scope of the Cash EQ Settlements Team in Manila includes Pre-settlement, post settlement & reconciliation.
• The core purpose of this role is to provide day-to-day support for Equities Settlements team, who performs daily trade processing and checks, reporting, and query management throughout the trade lifecycle to ensure timely settlement of trades.
• This manager role will be responsible for supervising day-to-day operations as well as delivery of various initiatives – business strategic deliveries, continuous improvements, market and regulatory changes.
• Ensure the communications are managed with Internal parties including Front Office, Finance, Settlements, Static Data for Equity trades
• Ensures all client trades allocation are managed on Trade Date.
• Ensures the balancing of all domestic and foreign equity trading positions are performed.
• Ensure the intersystem Front office and back office reconciliations, internal break capture processes, and street-side external execution recons on the various exchanges are being done daily.
• Maintains the proper escalation to management or trading desk to protect the firm against risk exposure.
• Maintain and update procedures as necessary
• Ability to apply judgment to operational situations in a fast paced environment to drive progress
• Identify potential financial risk to the bank and ensure proper resolution is achieved within the bank’s guidelines
• Ensure adequate support for effective management of KRIs, to minimise risk e.g. Nostro/Stock/inter-system breaks

Requirements

• Knowledge of Equities front-to-back flow is a plus.
• Prior supervisory experience essential, preferably with change and operations management skills.
• Strong interpersonal skills. Ability to communicate effectlivly between external parties, Front Office, senior leaders and the various departments within HSBC
• Ability to problem solve, articulate requirements and implement change were necessary.
• Ability to multi-task and support multiple stakeholders
• Able to work in a demanding and time sensitive environment
• Hands on experience of operations processing is an advantage
• Familiar working knowledge of associated technology

You’ll achieve more when you join HSBC.

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

• Issued By HSBC Electronic Data Processing (Philippines) Private LTD***