Job description

The HSBC Asset Services Department is responsible for the processing of dividends and mandatory/voluntary corporate actions related to equity products through the lifecycle of the corporate event. The NY team supports the US markets primarily, with some Canadian and occasionally some global markets.

Primary Responsibilities/Essential Functions:

Asset Services broker dealer support, all components of equities - mostly dividends with some mandatory and voluntary processing of corporate action events and reconciliations.

• Requires extensive US market knowledge of dividends, and strong understanding of US corporate action events - including, mandatory and voluntary events such as tenders, merger elections, conversions, rights and warrants subscriptions, tenders, spin-offs, and splits
• Processing knowledge in an ADP environment and understanding of complex stock record positions is a must
• Knowledge of DTC processing, CA Web and SmartTrack, Postedge
• Ability to create wire payments in Swift message format types MT202, MT103, MT599
• Act as liaison with internal/external business partners
• Review cash/stock record reconciliations, ensuring timely and appropriate resolution on breaks

Decision-Making Responsibility:

• Must interpret validity of dividend claims and be able to confidently respond to counterparties
• Independent decision making abilities while engaging Management when needed
• Must ensure all regulatory requirements are understood and met
• Performs according to prescribed procedures.

Management of Risk

• Each employee must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.
• Each employee must ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
• Provide support and guidance to all internal tax related areas with respect to tax related queries.
• Each employee must promote an environment that supports diversity and reflects the HSBC brand.

Observation of Internal Controls

• Each employee must maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Any failures to comply with the above should be reflected in year end performance assessments.
• Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

For this role, HSBC targets a fixed pay range between $85,000 and $95,000.

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Requirements

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

• Computer literacy, intermediate knowledge of MS Excel a must. Working knowledge of MS Outlook and Word.
• Must be detailed oriented, good problem solver, should have good communication skills
• Must have strong overall knowledge of US Domestic Equity markets, with knowledge of foreign dividends - mainly Canada and Europe.
• Minimum of 3 years experience in processing Dividends, and 1 year of corporate actions

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

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All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.

HSBC is one of the world’s largest banking and financial services organizations. Our global businesses serve around 39 million customers worldwide through a network that covers 62 countries and territories. Our customers range from individual savers and investors to some of the world’s biggest companies, governments and international organizations. We aim to connect them to opportunities and help them to achieve their ambitions.