Vice President Operations - Collateral And Risk Manila Securities Services

HSBC Holdings plc; Quezon City; On-site; PHP 3,000,000 - 5,500,000; Full time

Job summary

HSBC Holdings plc in Manila is seeking a Vice President Operations - Collateral & Risk to lead the Collateral Securities Services teams across Manila and Kuala Lumpur, focusing on governance, efficiency and risk management.

The role demands deep markets and collateral management knowledge, strong leadership of offshore teams, and the ability to drive regional initiatives while partnering with senior stakeholders and control functions.

Qualifications

• Strong understanding of Markets and Collateral management.
• Cross asset class experience: IR, Equity, Credit Derivatives, FX, Repos, SBL, structured products.
• ISDA Credit Support documents knowledge.
• Collateral assets: cash, bonds, equity, letters of credit.
• Industry initiatives: IOSCO Margin Rules, Margin Booking, CCPs, Basel, EMIR, Dodd-Frank.
• Experience managing offshore operations, collateral processing focus.
• Proven leadership and staff management.
• Ability to work in a virtual team and support multiple functions.

Responsibilities

• Ensure smooth running of Collateral Securities Services teams in Kuala Lumpur and Manila (30 FTE).
• Develop governance model to distribute and monitor work across locations.
• Build end state operating model for efficiency and better client experience.
• Perform risk and control assessments on breaks and resolve.
• Draw strategic framework and roadmap to centralize reconciliations across regions.
• Drive region-wide initiatives with Head of Collaterals and regional MANCOM.
• Serve as escalation point to resolve issues in a timely manner.

Skills

Leadership

Stakeholder management

Governance

Offshore operations

Change management

Risk assessment

Strategic planning

Team management

Job description

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 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 realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Vice President Operations - Collateral & Risk Manila (Securities Services).

Principal Responsibilities:

• Ensure the smooth running of the Collateral Securities Services teams in Kuala Lumpur and Manila that comprises of 30 Full Time Employee’s across both locations
• Need to have a good understanding of business in terms of concept and architecture.
• Managing senior stake holders, like account manager, senior security services stake holders, credit risk, wholesale Market Risk, local risk leads, change
• To build a governance model around the KL and Manila teams and ensure that the work is evenly distributed and monitored
• To build an end state operating model that helps derive efficiency and better client experience
• To perform risk and control assessment on breaks and create a strategy to resolve
• The role requires the person to draw a strategic framework and road map to enhance and monitor the output and also seek avenues to consolidate all reconciliations performed across all regions to be centralized Act as escalation point to ensure any issues are resolved in a timely manner.
• Assist the Head of Collaterals by contributing and being a part of Regional MANCOM’s and own/drive region wide initiatives that look at Center wide cross asset class strategic deliverables on risk, people, change, policies, etc.

Job Requirements:

• Strong understanding of the Markets and Collateral management business.
• Good cross asset class understanding especially Interest Rate, Equity & Credit Derivatives, FX, Repos, Security Borrow Loan (SBL), structured products, etc.
• Knowledge of International Swap Derivates Associate (ISDA) Credit Support documents.
• Sound understanding of collateral assets: cash, bonds, equity, letters of credit, etc.
• Aware of industry initiatives within the Collateral space (Margin Rules(IOSCO),Margin Booking and Allocation, Clearing Counterparties (CCPs), Basel, European Markets Infrastructure Regulation (EMIR), Dodd Frank,etc)
• Experienced operations professional with significant exposure to managing offshore operations; ideally with a focus on Collateral processing but not exclusively
• Exceptional leadership and management skills with the capability or track record of managing staff
• Ability to work in a virtual team environment with ability to support multiple functions and stakeholders

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. For more information about the enhanced vetting for this role please contact the recruiter for this role.

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.