Cash Management Specialist

HSBC • New York, NY

1d

About The Position

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.
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.
Onshore Cash Management Team Lead overseeing nostro monitoring, reconciliations, adjustments, and foreign exchange (FX) funding support across Kuala Lumpur/Manila, ensuring accurate projections, controls, and timely FX Desk communications.
As our Cash Management Specialist, you will:
Lead Cash Services, focusing on nostro monitoring, reconciliations, adjustments, and funding support
Monitor foreign currency nostro positions via RTCM (Real Time Cash Management) to ensure accounts are adequately funded, including intraday reconciliation for afternoon currencies (AED, INR, CAD, MXN, TRY)
Review the accuracy of nostro projected balance reconciliations completed by Cash Management Kuala Lumpur, including:
Perform T+1 (trade date plus one day) balance substantiation and send Start of Day (SOD) communication to the FX Desk
Perform intraday reconciliation for APAC (Asia-Pacific) currencies (AUD, CNY, HKD, JPY, SGD, THB, ZAR)
Send End of Day (EOD) communication to the FX Desk
Review and approve nostro adjustments raised by Cash Management Kuala Lumpur, and report resulting fluctuations to the FX Desk for FX funding
Ensure accurate USD projections are provided to Markets Treasury for Broker/Dealer funding, including Fixed Income funding requirements to the BSM desk (Balance Sheet Management desk)
Act as Team Lead for Cash Services in the Manager’s absence, provide guidance on manual payments processing, and serve as 2nd releaser for manual payments
Review and update end-of-day checklists
Operate within the regulatory framework for supported Treasury markets and within controls defined by Management, FIM (Functional Instruction Manual), and relevant Operations Instruction manuals
Make decisions within assigned accountabilities, propose and implement process improvements, and escalate decisions impacting other areas to the immediate manager and relevant department managers
Your final fixed pay offer will depend on the candidate and several variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.
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.

Requirements

• Experience in a Treasury Operations environment
• Strong attention to detail and understanding of industry best practice, regulatory requirements, and Group standards
• Strong communication and organizational skills; able to work under pressure with sound judgement in a fast-paced environment; agile and adaptable

Responsibilities

• Lead Cash Services, focusing on nostro monitoring, reconciliations, adjustments, and funding support
• Monitor foreign currency nostro positions via RTCM (Real Time Cash Management) to ensure accounts are adequately funded, including intraday reconciliation for afternoon currencies (AED, INR, CAD, MXN, TRY)
• Review the accuracy of nostro projected balance reconciliations completed by Cash Management Kuala Lumpur, including:
• Perform T+1 (trade date plus one day) balance substantiation and send Start of Day (SOD) communication to the FX Desk
• Perform intraday reconciliation for APAC (Asia-Pacific) currencies (AUD, CNY, HKD, JPY, SGD, THB, ZAR)
• Send End of Day (EOD) communication to the FX Desk
• Review and approve nostro adjustments raised by Cash Management Kuala Lumpur, and report resulting fluctuations to the FX Desk for FX funding
• Ensure accurate USD projections are provided to Markets Treasury for Broker/Dealer funding, including Fixed Income funding requirements to the BSM desk (Balance Sheet Management desk)
• Act as Team Lead for Cash Services in the Manager’s absence, provide guidance on manual payments processing, and serve as 2nd releaser for manual payments
• Review and update end-of-day checklists
• Operate within the regulatory framework for supported Treasury markets and within controls defined by Management, FIM (Functional Instruction Manual), and relevant Operations Instruction manuals
• Make decisions within assigned accountabilities, propose and implement process improvements, and escalate decisions impacting other areas to the immediate manager and relevant department managers

Benefits

• 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 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!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed