Assistant Manager - Equities Cash Settlements

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If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 62

countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Assistant Manager.

Why join us?

The role will be involved specifically in facilitating settlements of Equity Trades with particular focus on Trade validations and Trade Matching, reconciliations, review documentation and settlement discrepancy queries from offshore teams. 

The Opportunity:

Securities Settlement Operations undertake responsibilities for the timely and accurate settlement of capital market products, the department ensures that:

• Trades are correctly matched and settled in the market.
• Any discrepancies are escalated to the desk.
• Client confidence both internal and external is maintained.
• This job is servicing the London business and works UK business hours

In this role, you will:

Impact on the Business

• Ensure that matching and settlement of trades are done in timely and accurate fashion.
• Ensure that tasks and daily allocations are completed.
• Understand the risk & control framework and ensure escalation procedures are adhered to.
• Act as initial point of escalation on Supervisor’s absence.
• Expectation that the role will consist of line and project responsibilities around the Equity space, driven by new business, process improvement and operating model challenges

Customers / Stakeholders

• Build strong Business and Operations Management relationships
• Assist management in achieving overall business objectives, including the smooth transition of ad-hoc roles to Global service centres.

Leadership & Teamwork

• Support process, supervisor and work in collaboration with the team to resolve issues
• Achieve set performance benchmark and target for each year

Operational Effectiveness & Control

• Ensure that all tasks allocated are actioned including performance of EOD checks
• Implement process efficiencies to improve service quality

To be successful in this role, you should meet the following requirements:

• A college graduate diploma or degree in any discipline.
• Work experience
• Ability to speak and understand English fluently.
• Hands on experience of Operations Processing
• Minimum, basic computer knowledge
• Ability to write business letters and reports.
• Good conversational/telephone skills (process specific).
• Ability to maintain focus while working with voluminous data and able to multi task.
• Able to work in a demanding and time sensitive environment
• Ability to learn quickly and transfer knowledge appropriately.
• Ability to understand and interpret numeric data.
• Flexibility to work shifts.
• Ability to build rapport with and relate to a wide range of people.
• Committed to equal employment opportunities.

What additional skills will be good to have?

It would be advantageous for candidates who possess the ff:

• 3-5 years of experience in investment banking or financial institution
• Knowledge of Trade Operations
• Experience on Quality Assurance in a Financial Institution
• A degree in Business or Finance
• Familiar working knowledge of associated technology

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

The chosen candidate for this role will be required to undergo enhanced vetting. Subject to local laws, this will require the individual to satisfactorily pass a series of additional checks as part of the recruitment process and on an ongoing basis, if appointed to the role. HSBC Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are originally completed, and/or if relevant, on an ongoing basis. For more information about the enhanced vetting for this role please contact the recruiter for this role.

You’ll achieve more when you join HSBC.

HSBC is 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. 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.