Vice President Operations - Collateral & Risk Manila (Securities Services)

HSBC; Quezon City; On-site; PHP 5,000,000 - 10,000,000; Full time

Job summary

HSBC is seeking a Vice President Operations - Collateral & Risk for Manila (Securities Services). The role oversees collateral services across Kuala Lumpur and Manila, focusing on governance, risk reduction, and process optimization in a hybrid work setting.

Strong leadership across senior stakeholders and deep knowledge of collateral products are required. The position emphasizes building an end-state operating model, centralizing reconciliations where possible, and driving regional initiatives

Qualifications

• Strong understanding of the Markets and Collateral management business.
• Good cross asset class understanding esp. IR, Equity & Credit Derivatives, FX, Repos, SBL, structured products.
• Knowledge of ISDA Credit Support documents.
• Understanding of collateral assets: cash, bonds, equity, LOCs, etc.
• Awareness of industry initiatives in Collateral (IOSCO margins, CCPs, EMIR, Dodd-Frank).
• Experience in offshore operations with collateral processing focus.

Responsibilities

• Ensure smooth operation of Collateral Securities Services teams across Kuala Lumpur and Manila (~30 FTE).
• Build governance model and end-state operating model for efficiency and client experience.
• Lead risk and control assessments and develop resolution strategies for breaks.
• Drive regional initiatives and center-wide risk, people, policies projects.
• Escalation point to resolve issues and coordinate with regional management.

Skills

Market & Collateral Understanding

Leadership & Stakeholder Management

Risk & Controls

Offshore Operations

ISDA Documents Knowledge

Cross-Asset Class Knowledge

Virtual Team Collaboration

Job description

Vice President Operations - Collateral & Risk Manila (Securities Services)

Location: Quezon, National Capital Region (NCR), PH, 1101

Brand: HSBC

Area of Interest: Investment Banking, Markets, and Research

Role Workstyle: Hybrid Worker

Date: 3 Sept 2026

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).

• 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.