Manager Operations - EQUITIES - CLEARING AND SETTLEMENTS

HSBC; Quezon City; On-site; PHP 1,200,000 - 1,800,000; Full time

Job summary

HSBC is seeking an experienced Manager Operations for Equity Clearing and Settlements in the Philippines. The role focuses on ensuring margin settlement with CCPs and coordinating with the DCS Operations Cash team across locations.

The ideal candidate will have strong derivatives knowledge, risk & controls mindset, and a proven ability to deliver process improvements while managing multiple priorities.

Qualifications

• Experience with Exchange Traded Derivatives and Cleared OTC derivatives.
• Strong verbal and written communication, analytical and planning skills.
• Solid operational risk and control mindset with decision ability.
• Proven track record of high performance in prior roles.
• Experience interfacing with diverse teams across geographies.
• Ability to manage conflicting priorities and meet deadlines.

Responsibilities

• Execute daily margin-related payments and withdrawals with CCPs.
• Process vouchers and ledger entries for interest and fees.
• Collaborate with stakeholders across locations to fix issues.
• Drive process improvements to reduce manual work.
• Represent the team in meetings when required.
• Deliver ad-hoc analysis and reporting to support business needs.

Skills

Derivatives knowledge

Strong communication

Analytical skills

Risk and controls

Decision making

Stakeholder management

Process improvement

Cross-geo coordination

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 Operations - EQ - CLEARING AND SETTLEMENTS.

HSBC Derivatives Clearing Services Operations (DCS) Cash Team is seeking a resource replacement that would be responsible in ensuring settlement of HSBC margins against the Central Counterparty Clearing House (CCP).

The role holder will join the DCS Operations Cash function and collaborate closely with stakeholders across multiple locations. They will work in partnership with these teams to identify and address business issues and operational gaps arising in day-to-day activities.

The ideal candidate should possess a strong understanding of the operational processing environment contained within a Clearing Broker for Listed and OTC Cleared Products.

This role carries decision-making responsibility within the scope of the tasks assigned, including contributing to the design of solutions to address control gaps. The role holder is expected to work independently and form well-reasoned, evidence-based judgements.

Principal Responsibilities

• Execute daily margin-related payments and withdrawals to meet HSBC requirements with various Central Counterparties
• Process vouchers and ledger entries accurately to reflect interest, fees, and other margin-related charges.
• Partner with stakeholders across multiple locations to identify and resolve operational issues and control gaps.
• Drive process improvements to reduce manual effort and enhance efficiency within the team.
• Represent the team in meetings and stakeholder discussions when the Manager is unavailable or as required.
• Deliver ad-hoc tasks, analysis, and reporting to support business needs.

Requirements

• Understanding the HSBC Futures offering and capabilities
• Experience in Exchange Traded Derivatives and Cleared OTC derivatives is required
• Strong communication (verbal and written), analytical, organizational, and planning skills
• Solid operational risk and control mindset; able to make decisions when needed
• Strong performance rating in previous job to showcase skill set
• Initiated a process improvement in previous job or participated in a wider project with direct impact to the business
• Ability to capably interface with a broad range of resources at various levels of seniority / experience and role diversity in multiple geographies
• Strong risk assessment, control and testing skills
• Ability to manage conflicting priorities effectively and proven ability to meet challenging deadlines
• Ability to exercise discretion, work independently within broad guidelines, tactfully handle sensitive and confidential data and complete assignments on timely basis

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.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

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