Job description

At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our Jersey City, New Jersey office.

Associate will be responsible to oversee the daily functions of domestic settlements. Review the fail report on a daily basis. Ensure that all trades are instructed to settle on a timely basis. Reconcile daily stock record/ DTCC/ Client breaks

PRIMARY RESPONSIBILITIES/ESSENTIAL FUNCTIONS:

• Follow supervisory framework designed to minimize risk/losses

• Ensure departmental DIMS are current and fit for purpose

• Ensure transactions are correctly recorded in appropriate systems facilitating successful settlement

• Investigation and resolution of failing transactions

• Investigate & resolve cash and stock reconciliation issues

• Maintain excellent client service skills (Internal and external clients)

• Address settlement discrepancies and engage Settlement Supervisor for prompt resolution

• Adhere to all rules, regulations and procedures that govern this role and organization

• Be aware of Operational Risk and escalate to Manager at all times

• Able to mulita-task and work under pressure

• Review Buy-ins and Knowledge of REG Sho/15c3

Decision-Making Responsibility:

• Independent decision making abilities while engaging Senior Management

• Ability to apply Industry practices/mandates into BAU functions

• Identify high risk functions ensuring strong controls are in place to mitigate risk

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 failure to comply with the above should be reflected in yearend performance assessment.

• 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 $75,300 and $112,900.

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

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

• Computer literacy, knowledge of Excel and Word

• Detail oriented, good problem solver

• Should have good communication skills

• An overall knowledge of all Equity Products

• Aggressive and quick learner who is able to multi-task

• Knowledge of ADP, GFW, DTCC (PBS, Settlement Web)

• Minimum of 3-5 years of Settlement experience

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!

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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.