Trade and Transaction Reporting

If you’re looking for a career where you can make a real impression, join Global Service Center (GSC) HSBC and discover how valued you’ll be. HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 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 Trade and Transaction Reporting

The role is part of a risk and control function within the Global Markets Middle Office, and are primarily responsible for ensuring HSBC’s OTC Derivative Trade Reporting to Global Regulators is complete, accurate and timely in all cases.  It is a Global, cross-asset-class function that works closely with front-to-back stakeholders to ensure key controls are in place and adequate in mitigating or identifying regulatory issues/breaches, to reduce HSBC’s overall regulatory risk.  The team are considered the ‘Control Owners’ for OTCD Trade Reporting, and are responsible for evaluating daily reporting submissions, monitoring trade reporting exceptions and reconciliations, managing Linking and Matching activities, performing manual uploads to the Trade Repositories (where needed), identifying trade reporting defects, implementing mitigating / identification controls (where possible), ensuring timely escalation of all identified issues and reinforcing a culture of regulatory awareness across front-to-back functions in line with the Global Regulatory Control Framework.  Through chairing comprehensive Governance, the team are also responsible for ensuring appropriate communication to, and accountability / ownership from various functions in the management and resolution of identified reporting issues.

Activities

•            Working with the Global Regulatory Middle Office function to identify, escalate and potentially remediate issues and reporting defects

•            Monitor daily regulatory controls/booking reports, escalate issues, take remedial action (where appropriate) and record metrics

•            Assist in the generation of periodic and ad-hoc Regulatory Reporting management information metrics

•            Delivering Global Control Framework activities for HSBC’s Global OTCD Trade Reporting Obligations

•            Interacting with Offshore / Onshore colleagues as part of daily controls

•            Producing regional Trade Reporting Governance packs for presentation to front-to-back stakeholders

•            Understand HSBC’s Global Regulatory Obligations, System Infrastructure & Reporting Mechanisms as well as OTC Derivative Products and the OTCD Market, and utilise this knowledge to identify reporting or operational inefficiencies and drive improvement

•            Directly manage the trade reporting processes relating to changes in new and existing reporting requirements -covering HKMA, CFTC, MAS, and ASIC

•            Maintain comprehensive tracking of open reporting issues and defects

•            Use acquired knowledge to identify and mitigate new reporting issues

•            Help create & maintain a strong control environment where regulatory issues are identified, escalated & remediated in a timely manner

•            Team management activities with regards to task allocation, performance reviews and team administration

Qualifications 

•            A degree in banking / finance / risk management / business

•            Comprehensive knowledge of the main aspects of HKMA, CFTC, MAS, ASIC and EMIR trade reporting

•            Good understanding of end-to-end trade lifecycle of typical OTC Derivative products

•            At least 7+ years previous experience in a risk / control environment (or similar) within an Investment Bank/Financial Institution

•            Rigorous approach to controls and the minimization of operational risk

•            Strong analytical skills are essential

•            Aptitude for continuous improvements and operational effectiveness with ability to identify issues / inefficiencies and realise solutions

•            Technical understanding of how systems deliver regulatory reports, and Trade Repository limitations and behaviours

•            Excellent written and verbal communication skills

•            Experienced in working with virtual / global teams and functional management

•            Ability to challenge and question in a constructive manner with strong analytical & investigative skills

•            Strong inter-personal skills; the ability to handle conflict and manage expectations

•            Self-motivated with proven ability to prioritise tasks, set targets, and meet deadlines with an organised and structured approach

•            Strong leadership skills with ability to oversee and support direct reports with daily activities, identifying development opportunities

•            Advanced skills in MS Excel (Macro / Pivot) Access, and SharePoint would be beneficial

•            Understanding of key aspects related to creation of meaningful MI dashboard and ability to present the same

At HSBC we offer our colleagues a greater number of days so that they can fully enjoy their wedding, take care of the new member of the family, or grieve the loss of a family member. Our paid leave package is at the forefront in Mexico, now you have one more reason to be HSBC and proudly live a culture of well-being, balance and care.

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.

***Issued By HSBC Electronic Data Process Mexico Private LTD***

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.