Common Depository Vault Associate

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Issuer Services Operations (ISV Ops) is part of the broader Client Operations organization within GBM. ISV Ops is globally aligned, supporting Issuer Services, GB and CMB lending and bond origination. The function is accountable for Corporate Trust Operations, Loan Agency Operations, Loan Administration and functions.

The Common Depository Vault Associate will be responsible for managing the day to day activities of the Primary Issuances into the ICSDs for those transactions that ISV are appointed as Issuing and Paying Agent. Where the incumbent will be responsible for ensuring that as Common Depository we meet our Regulatory requirements for Global Notes and that the ISV Vault is managed in line with these requirements, along with supporting the wider team on our regulatory requirements.

In this role you will:

• Ensure all new issuances into the ICSDs the Global Notes are created and held to meet our regulatory requirements around Common Depository
• Creation and authentication of Global Notes
• Complete the daily activities around the management of the Common Depository Vault and ensure that the Vault is maintained to a high level of accuracy
• Reviewing processes in order to identify areas of improvements relating to automation and/or streamlining, risk reduction or control enhancements. Along with driving these changes through to the implementation stage
• Completion of daily controls and trackers to ensure all activities are recorded and actions completed.
• Establish and maintain operational relationships with peer group client contacts and London CSMs/TMs to ensure strong and efficient processes and open, honest dialogue
• Provide operational support and assistance to the Common Depositary, New Issues, Rate Fix teams in the Global Service Centre in Kolkata
• Assist with testing in UAT environment in relation to system enhancements.  
• Manage Ad-Hoc projects that may arise, through working with stakeholders, managing actions points and ensuring timely delivery
• Provide Supervisory Support to Vault Manager
• Support the Vault Manager in managing any Internal or External Audit and providing the necessary samples requested by stakeholders

To be successful in this role you should have:

• Experience in a Corporate Trust environment
• Prior settlements experience in either ICSDs or settlements
• Knowledge of capital markets products and processes desirable
• Strong communication & client service skills required to build and enhance client relationships
• An ability to multi-task and manage frequently changing priorities
• Previous experience around CASS regulatory requirements would be beneficial
• An ability to work accurately and effectively with minimum supervision
• An ability to work effectively as part of a team supporting colleagues where required

This is a hybrid role based in London.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you’d like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:

Email: [email protected]

Telephone: +44 207 832 8500"