Manager - Clearing and Settlements (Quezon CIty)

6 days ago


Manila, National Capital Region, Philippines HSBC Electronic Data Processing (Philippines) Inc. Full time

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we're leveraging our digital capabilities to ensure we can continue to recruit top talent at the HSBC Group. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.
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 64 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 Manager – Clearing & Settlements.

The Settlements-MNL Team is responsible for the end-to-end functions supporting securities and trade instructions for GC clients across 33 market locations – responsibilities covering trade capture and repair, settlements and exceptions handling including FX processing. Oversight and management of the team's day to day operations is critical given the real-time deadlines as well as the need to ensure accuracy and efficiency of the in-scope processes while keeping abreast with the latest market developments affecting the overall settlement process.

Principal responsibilities

• Manage a high performing team that provides daily repair and management of outstanding instructions for Global Custody Clients under the HK entity across 30+ markets.

  • Handle enquiries related to client trade instructions and will serve as point of contact escalation from internal and external stakeholders across HSBC network.
  • Generate and prepare reports as on a adhoc basis regarding trade MI as and when this is needed by stakeholders.
  • Provide operational support to meet audit requirement from both internal and external HSBC auditors/line control.
  • To plan for standardization of settlement processes by sharing the best practices across the various markets with the aim to enhance cost effectiveness and efficiencies.
  • Manage high volume and high value transactions as per the below approving authority and ensure no payments / trades are missed, which would result in claims and adverse client impact.
  • To ensure control measures/checkpoints are established to scrutinize exceptions/errors to prevent any operational losses and reviews on these measures are constantly performed. Procedural changes/new initiatives are reviewed, fully communicated to and implemented.

Requirements

• A post-graduate diploma or degree in any discipline. Higher qualification is not a bar provided aspirations are commensurate with the position.

• Experience handling a team - Good Leadership skills

• Market/Securities Operations Experience is required.

  • Knowledge in MS Excel and Macro is a plus
  • Able to execute drive teams/staff on operational activities that are time bound and inclusive of critical cut-offs.
  • Team-focused with ability to build and maintain strong working relationships with staff and stakeholders within the business.
  • Strong interpersonal, analytical and problem solving skills that can readily translate to critical business decisions as needed and dictated by the business.
  • Flexible working hours given the team supports 33 market locations (inclusive of early Asiapac market, MENA and US).
  • An understanding of the overall securities industry from an operational and regulatory perspective, ideally with 5 years experience in a custody/securities and people management role.

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 an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc. We consider all applications based on merit and suitability to the role. 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.
***Issued By HSBC Electronic Data Processing Philippines Private LTD***

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