Middle Office Trade Control Specialist

HSBC • New York, NY

14h

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.
Primarily responsible for ensuring the accuracy of trade capture and trade lifecycle events via daily controls. End to end process knowledge and organizational skills are critical for success in this role, as responsibilities stretch across all aspects of the Derivatives trade lifecycle process. The specialist will have daily interaction with Front Office, Product Control, and other Operations functions. The role will have supervisory oversight of two offshore middle office trade control roles in Mexico. Must have the capacity to handle change and to participate in system testing and the implementation process.

Requirements

• Undergraduate Degree
• Knowledge of operational risk and controls
• Experience in Derivative Operations or related field

Nice To Haves

• Microsoft Office Proficiency is a plus, especially macros

Responsibilities

• Assist in weekly clearing processes to facilitate reduction of the desk’s net notional exposure
• Maintain the HSBC Group Functional Instruction Manual (FIM) standards and ensure satisfactory or above audit ratings are achieved
• Provide ongoing interaction with other operations groups on and offshore, trading, sales, compliance, credit, and technology teams to resolve issues arising from trade execution and maintenance
• Participate in process improvement initiatives and system development, as required
• Provide oversight and point of contract for two offshore middle office trade control roles in Mexico
• Assist with some daily tasks and backup coverage to middle office emerging markets desk support
• Ensure compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business activities of the jobholder, particularly Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy
• Responsible for the timely escalation of critical risk issues to management

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