Manager Operations

HSBC; Quezon City; On-site; PHP 1,800,000 - 3,000,000; Full time

Job summary

HSBC is seeking an experienced Manager Operations to join our team in Manila. You will oversee settlements, investigations, and MI related to cash collateral, margins, and funding for futures and OTC.

The role requires strong control environment awareness and ability to drive change. You will collaborate with senior management and CCO to ensure robust processes and documentation, with a focus on efficiency and scalability.

Qualifications

• Demonstrate high diligence, accuracy and awareness of the operational and market control environment.
• Continual appetite to learn and develop market knowledge and personal skills.
• Strong subject matter expertise when contributing to change initiatives.
• Ability to innovate ideas for improvement and change while maintaining accuracy.
• Understand your role, procedures, checklists and controls; proactively manage training.
• Commitment to 1:1 meetings, feedback and development with line manager.
• Active participation in firm-wide training and department projects.

Responsibilities

• Process settlements and investigations of cash collateral and interest distributions (OTC) and margins, price alignment interests, considerations, fees (Futures)
• Investigate accounting breaks associated to Rolfe & Nolan, PPS, APS, NOSTRO and Control/Suspense accounts
• Prepare and update management information related to cash breaks
• Experience in intersystem reconciliations, client money and other adhoc reporting
• Prepare or check reports associated to funding requirements
• Enable business objectives by exploring solutions for drivers such as netting, follow-the-sun or scalability
• Troubleshoot and apply experience and knowledge in both listed and OTC derivatives
• Perform various functions using CORE systems such as Treats, TLM, Scannor, CSM among others
• Maintain and develop analytics and relevant MI and discuss with line manager, senior management and CCO
• Ensure documentation of changes in procedures and desk instructions done by team

Skills

futures and options product and market

clients and client processing risk

HSBC FIM and risk requirements around

Exchange rules and regulatory env (AP/

HSBC Futures offering and capabilities

Job description

We are currently seeking an experienced professional to join our team in the role of Manager Operations.

Responsibilities

• Process settlements and investigations of cash collateral and interest distributions (OTC) and margins, price alignment interests, considerations, fees (Futures)
• Perform investigation of accounting breaks associated to Rolfe & Nolan, PPS, APS, NOSTRO and Control/Suspense accounts
• Prepare and update management information related to cash breaks
• Experience in intersystem reconciliations, client money and other adhoc reporting
• Prepare or check reports associated to funding requirements
• Enable business objectives by exploring solutions for drivers such as netting, follow-the-sun or scalability
• Troubleshoot and apply experience and knowledge in both listed and OTC derivatives, its market and mechanisms
• Perform various functions using CORE systems such as Treats, TLM, Scannor, CSM among others
• Maintain and develop analytics and relevant MI and discuss with line manager, senior management and CCO
• Ensure documentation of changes in procedures and desk instructions done by team

Qualifications

• Candidate to demonstrate high level of diligence, accuracy and awareness of the operational and market control environment
• The candidate must demonstrate a continual appetite and ability to learn and develop both market knowledge and also personal skills
• The candidate must demonstrate strong subject matter expertise when contributing to change initiatives
• The candidate must be equally able to innovate and present ideas for improvement and change as well as accuracy and effectiveness in their day-to-day responsibilities
• Ensure strong understanding of your role & responsibilities, familiar with procedures, checklists and control, and proactively manage training through on-the-desk, formal training programs and wider reading & research
• Commitment to 1:1 meetings, feedback and development and business objectives with line manager
• Demonstrate active participation in firm-wide training and initiatives
• Demonstrate active participation in department projects, whether during design phase or implementation & testing phase

Additional Skills

• Strong understanding of:
  • futures and options product and market risk
  • clients and client processing risk
  • HSBC FIM and risk requirements around generic practices
  • Exchange rules and regulatory environment across Asia & Europe
  • the HSBC Futures offering and capabilities

Other Requirements

• Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above
• Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised
• The chosen candidate for this role will be required to undergo enhanced vetting. Subject to local laws, this will require the individual to satisfactorily pass a series of additional checks as part of the recruitment process and on an ongoing basis, if appointed to the role. HSBC Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are originally completed, and/or if relevant, on an ongoing basis.