Debt Securities Operations
- London, Greater London (GBR)
- £275 - £352 Per Day
- 6 Months
- Start date: ASAP
- 2 positions available
- Ref: HSBCJP00037811
- reconciliations
- operations
- securities
- bonds
- control framework
- dso
- process improvement
- reporting
Job description
Posted 16 September 2021
Debt Securities Operations
Location – London/ Remote Working
Rate – £275/Day - £352/Day PAYE or Umbrella
Start date – ASAP
Contract duration - 6 Months
The primary responsibility of the Debt Securities Operations team is to manage the trade capture, allocation, confirmation, settlement processes and associated risks across a wide number of markets, for both cash bonds and repos. The team also support the settlement of primary issuance for the Debt Capital Markets group. The team is spread across London, Kuala Lumpur and Manila.
Key deliverables of this role include the following:
- Manage the day to day activities of the function across all markets for bonds and repos. This may include activities such as trade capture, front-to-back reconciliations, client allocation and confirmation and communication with settlement teams for pre-matching and fails management, cash and depot reconciliation.
- Ensure adherence to the Debt Security Ops control framework including weekly risk and control reporting, month end Post Trade Control Pack sign off and adherence to the global escalation matrix. Support of the ‘manage by metrics’ culture is essential.
- Provide support and guidance to the Operations Hub teams in KL and Manila and operate a ‘one team’ approach to problem solving and workload balancing.
- Develop strong relationships with external client base and strive to delivery excellent client service at all times to priority clients.
- Contribute to the culture of process improvement through driving projects and enhancements.
- Work closely with the Business, IT, CCO and Finance to minimise operational losses within the DSO function.
Knowledge & Experience / Qualifications
- Specific experience working in an Investment Bank operational environment.
- Good understanding of the debt securities products including Cash Bond, Repo, Triparty Repo, MTN, CP and Convertibles.
- Knowledge of core bonds ICSD and CSD’s to include but not restricted to, Euroclear, Clearstream, Crest, US, France, Italy and Spain.
- Understanding of general debt securities settlement mechanics.
- Understanding of operational risk and control.
- Strong interpersonal skills and able to develop strong relationships with the business.
- Ability to problem solve, articulate requirements and escalate with minimum input from senior management team. Works closely with peers to proactively resolve issues.
- Ability to drive change and process enhancements.
- Strong teamwork skills – flexible to changing requirements within the team
- Strong written and verbal communication skills
