GSC - MANAGER - SETTLEMENT OPERATIONS - HBAP - SECURITIES SETTLEMENTS

Location : Quezon City, Philippines

The Securities Transfers team is responsible for providing accurate, and efficient service to Private Banking Clients, and Relationship Teams. This requires processing of securities transfers instructions, e.g. receive free of payment, deliver free of payment from the clients. It involves coordination with respective counterparties to ensure timely settlement of trades, and any applicable fees for any transfers. All instructions sent to the custodians should confirmed in good order, and SWIFT exceptions queues should be cleared.

As there are numerous investment instruments in the markets worldwide, joining the team will give the candidate exposure to observe and study almost all market rules which are changing from time to time (i.e. the change of regulation of local custodian, the change of market practices, the special arrangement of settlement method of clients and brokers such as request of partial settlement, change of settlement date by broker etc.).

The team also handles settlement process (trade life cycle) from pre-settlement up to reconciliation including cash management (standard instructions funding).

The Opportunity:

The role requirement is to manage the day to day operation of the team assigned to provide securities and settlement support for all securities including equities, foreign exchange, money markets, fixed income and derivatives products, monitor failed trades, exceptional and un-reconciled items.

What you’ll do:

Principal Accountabilities are as follows -

Impact on the Business

• Provide guidance to ensure completeness and timeliness of daily transactions and report exceptional case
• Review all outstanding cases and monitor the follow ups
• Supervise risk issues, violated cases and long outstanding snag cases
• Leads to streamline workflow and eliminate redundant practices through regular review of existing procedures
• Reviews/Ensures Desk Instruction Manual (DIM) are updated timely
• Leads team in system development / UAT
• Set/Assist in setting individual objectives and staff performance periodically

Customers / Stakeholders

• Address exceptional cases and escalations to management and recommends improvement

Leadership & Teamwork

• To lead and supervise the team to provide support and services to senior management, front office, clients and external counterparties

Operational Effectiveness & Control

• Ensure settlement activities are carried out in compliance of all relevant Bank policies, procedures, GSM, FIM and DIM

Qualifications

What you will need to succeed in the role:

• Able to multitask and prioritize work within a fast-paced environment
• Able to appropriately balance quality and quantity of work
• Must be able to work within tight deadlines
• Able to work very independently whilst being part of a larger team
• Demonstrates a thorough understanding of the bank’s products, operations processes, and procedures
• Act as a role model for the team

What additional skills will be good to have?

• At least 3-5 years of experience in settlement processing role with exposure to different products, including a managerial role
• Proactive, self-motivated and communication and able to work under pressure.
• Strong interpersonal and communication skills in written and spoken English.
• Planning and decision making skills.
• Innovative with proven problem-solving skills.

You’ll achieve more at 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.

* The information contained in this job description is a true and accurate reflection of the job as specified.

• All applicants must have successfully completed their probation period
• All applicants must have a minimum performance rating of Good and behavior rating of Good in the last year end appraisal
• All applicants should have served at least 18 months in their current functional role and department company. Check your tenure in current position by viewing your Employee Profile on HR Direct. See Time in Position under Employment Information.
• Applicant should inform respective Line Manager prior to submitting an application
• Application form should be submitted on CareerLink along with their current CV
• All the completed applications should be submitted on CareerLink by 11:59 PM on the closing date
• Have not been previously declined for the same post within the last 3 months on the date of submission of their application
• Have not been on ANY form of Corrective Action within the last 6 months from the date of application

Declaring incorrect information in your application (e.g. incorrect performance and behaviour rating; and corrective action status) is considered a SERIOUS OFFENSE based on the HDPP Employee Handbook:

A. Very Serious Offense

"Sec 1. Any acts of dishonesty, which may provide reasonable grounds for the company to lose trust and confidence to the employee, which includes but not limited to the following:

c) Giving false testimony or falsifying any document, records or information or presenting such falsified document, records or information in any study, research inquiry; padding and deliberate overcharging of expenses; tampering with time records; requesting or allowing any individual to log in/out and actually logging in/out any individual. "

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