VP Operations: Collateral & Risk Lead — Manila

HSBC; Philippines; On-site; PHP 2,000,000 - 4,200,000; Full time

Job summary

HSBC in the Philippines seeks an experienced Vice President Operations - Collateral & Risk Manila (Securities Services) to lead regional collateral processing, governance, and strategic delivery. You will oversee offshore teams and drive efficient client outcomes across KL and Manila, coordinating risk controls and regional initiatives.

The role requires strong leadership, deep knowledge of collateral markets, ISDA docs, and cross-asset expertise.

Qualifications

• Strong understanding of the Markets and Collateral management business.
• Cross asset class understanding especially Interest Rate, Equity & Credit Derivatives, FX, Repos, SBL, structured products.
• Knowledge of ISDA Credit Support documents.
• Sound understanding of collateral assets: cash, bonds, equity, letters of credit.
• Aware of industry initiatives within Collateral space (IOSCO Margin Rules, EMIR, Dodd-Frank).
• Experienced operations professional with offshore operations exposure, focus on Collateral processing.
• Exceptional leadership and management skills with the ability to lead staff.

Responsibilities

• Ensure the smooth running of the Collateral Securities Services teams in Kuala Lumpur and Manila (30 FTEs).
• Develop governance to distribute and monitor work across both locations.
• Create an end-to-end operating model to improve efficiency and client experience.
• Perform risk and control assessments on breaks and devise resolution strategies.
• Draw a strategic framework and road map to centralize reconciliations across regions.
• Act as escalation point to resolve issues promptly.
• Contribute to regional MANCOMs and drive region-wide initiatives for risk, people, and policy.

Job description

HSBC in the Philippines seeks an experienced Vice President Operations - Collateral & Risk Manila (Securities Services) to lead regional collateral processing, governance, and strategic delivery. You will oversee offshore teams and drive efficient client outcomes across KL and Manila, coordinating risk controls and regional initiatives.

The role requires strong leadership, deep knowledge of collateral markets, ISDA docs, and cross-asset expertise.