Manager Processing - Collateral Services

Hsbc; Philippines; On-site; PHP 900,000 - 1,500,000; Full time

Job summary

HSBC is seeking a Manager Processing - Collateral Services in the Philippines to lead a regional collateral operations team. You will coordinate with business partners in London, Hong Kong, Paris and New York to implement a global model, ensure adherence to the Functional Instruction Manual, and manage MI reporting to support client and business needs.

You will oversee performance, productivity, and quality, ensure timely delivery within procedures, and drive the rollout of reporting tools.

Qualifications

• Ability to build and lead an effective team for collateral services.
• Lamiliar with coordinating across North America and Europe? (note: adapt phrasing)

Responsibilities

• Work with London, Hong Kong, Paris and New York partners to implement the global model.
• Ensure processes comply with FIM (Functional Instruction Manual).
• Submit accurate Management Information (MI) to meet customer and business needs.
• Monitor team performance, productivity and quality within timelines and cut-offs.
• Lead the deployment of reporting tools and guidelines for processes; escalate issues as needed.
• Ensure workflow management to meet timelines and quality; optimize resource use.
• Codify legal agreements, issue and book margin calls/interest, identify failed settlements, conduct reconciliations and investigations as per policies.

Skills

People management

Stakeholder management

Financial products understanding

ISDA/CSA knowledge

Job description

Manager Processing - Collateral Services

Some Careers Shine Brighter 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 organizations in the world, with operations in 62 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 realize their ambitions.

Job Description - Manager Processing - Collateral Services

Job Responsibilities

• Work closely with London, Hong Kong, Paris and New York business partners to implement the global strategic model. This involves building relationships between onshore and offshore teams to increase efficiencies and to create best practice.
• Ensure processes complies with FIM (Functional Instruction Manual)
• Periodical MI (Management Information) submitted accurately and in line with customer and business needs.
• Monitor team’s performance. Productivity and quality of work are monitored and achieved. Daily work is timely managed and completed within agreed timelines and cut offs, in accordance with procedures.
• Effectively manage implementations of reporting tools and guidelines for all processes, identifying and escalating issues for resolution as appropriate.
• Ensure effective workflow management to meet timelines and quality levels, always checking and maintaining effective resource utilization.
• To ensure codification of legal agreements, issuance and bookings of margin calls/interest, identification of failed settlements, reconciliations and dispute investigations are performed. Where approvals are required, each item are checked and reviewed in accordance with policies and procedures. This includes client valuation and regulatory reporting requirements.

Job Requirements

• People & Employee Management
• Responsible for the review of new business initiatives relating to collateral optimization in Collateral functions and the process impact to Collateral Operations e.g. FXPB (Foreign Exchange Prime Brokerage) , Repo (Repurchase Agreement), Equity business. Aligning the various businesses.
• To build out an effective team covering Collateral Services tasks daily. This will require the individual to understand and educate their team, be able to work with multiple business stakeholders and communicate constructively and concisely.
• Liaising with multiple stakeholders and updating on the regulatory impact coming out of North America and Europe. Managing stakeholder queries.
• Good understanding of financial products, including equity/fixed income OTC (Over the Counter) derivative, FX (Foreign Exchange) products and knowledge of ISDA (International Swaps and Derivatives Association) / CSA (Credit Support Annexe) is a bonus.

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 prioritized.

You’ll achieve more when you join HSBC.

HSBC is 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. 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.