OTC Derivatives Trade and Transaction Reporting Team Lead

HSBC; New York (NY); On-site; USD 155,000 - 190,000; Full time

Job summary

An established industry player is seeking a dynamic OTC Derivatives Trade and Transaction Reporting Team Lead to manage a critical team focused on compliance with complex regulations. This role involves leading a team to ensure adherence to CFTC and SEC rules while streamlining processes across regions. You will play a pivotal role in facing regulators and managing operational changes related to derivatives regulations. If you have a strong background in regulatory compliance and leadership, this is a fantastic opportunity to contribute to a forward-thinking organization dedicated to opening up a world of opportunity.

Benefits

Medical Insurance

Vision Insurance

401(k) Plan

Wellness Hub

Flexible Benefits

Volunteerism Policy

Matching Gift Program

Qualifications

• 5+ years of experience in derivatives or regulatory compliance.
• Excellent understanding of CFTC, CSA, and SEC trade reporting requirements.

Responsibilities

• Manage the OTC Derivatives Trade and Transaction reporting team.
• Ensure compliance with CFTC, CSA, and SEC regulations.
• Oversee governance framework and controls around trade reporting.

Skills

Derivatives Regulatory Compliance

CFTC Regulations

SEC Securities-based Swap Dealer

Leadership and Management

Operational Risk Management

Stakeholder Engagement

Education

BA/BS Degree

Job description

OTC Derivatives Trade and Transaction Reporting Team Lead

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OTC Derivatives Trade and Transaction Reporting Team Lead

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This range is provided by HSBC. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$155,000.00/yr - $190,000.00/yr

Additional compensation types

Annual Bonus

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

You will manage the OTC Derivatives Trade and Transaction reporting team, focusing on swaps (CFTC) and security-based swaps (SEC) rules.

As our OTC Derivatives Trade and Transaction Reporting Team Lead you will:

• Thorough understanding of the regulatory reporting rules & environment and ensuring HSBC is compliance with CFTC, CSA, and SEC Securities-based Swap Dealer regulations.
• Provide leadership and guidance to develop and strengthen regional OTC Derivatives Trade Reporting team in day-to-day operations and controls supporting Trade and Transaction Reporting (CFTC, CSA and SEC Securities-based Swap Reporting)
• Management of governance framework and controls around trade and transaction reporting
• Support the implementation and management of controls and governance framework and streamline processes around Trade and Transaction reporting across the different regions
• Maintain oversight of forthcoming regulation and associated impacts on trade/transaction reporting
• Play a key role in facing regulators (CFTC, NFA etc.) and providing response to trade reporting regulatory exams and inquiries
• Supervision of regular meetings and reporting to/with all stakeholders to keep them up to date and ensure expectations are met/managed
• Responsible for managing the delivery of all regulatory operational changes for swaps and swaps-related regulations, and associated regulatory initiatives where it relates to trade and transaction reporting
• Assist in managing the delivery of all global operational changes related to OTC Derivatives regulations (CFTC, CSV and SEC SBSR)
• Work with Operations Regulatory Project Managers responsible for other global regulation (EMIR, HKMA, etc.), as appropriate, to ensure global compliance and process consistency where possible.

For this role, HSBC targets a pay range between $155,000.00 and $190,000.00

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Qualifications - External

You´ll likely have the following qualifications to succeed in this role:

• Minimum of 5 years’ experience in derivatives or regulatory compliance
• Demonstrates an excellent understanding of CFTC, CSA and SEC Securities-based Swap Dealer trade reporting requirements in the financial market
• Detailed knowledge of individual G20 regulations as applied to the trade reporting and operations functions; working knowledge of local regulations in key markets and knowledge of key sources of regulatory updates and guidance; knowledge of securities and other financial instrument reporting) a plus
• Able to converse on complicated regulatory issues or changes and engage with the key stakeholders in order to resolve regulatory reporting issues
• Minimum of a BA/BS degree
• Strong supervisory/managerial and organizational skills
• Assertive with strong influencing skills to be able to work with the industry, global Operations, Regulatory Compliance, IT and the Front Office effectively
• Ability to set objectives and develop junior staff members
• Strong understanding of operational risk, procedures and controls as well as of front to back trade lifecycle

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Financial Services, Capital Markets, and Investment Banking

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

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