Job description

Securities Lending Operations is a dynamic department that works with partners across the HSBC Global Banking and Markets business to deliver Securities Lending solutions to clients.

Reporting to the Senior Manager of Securities Lending Operations, this role is in a newly formed Post Trade team situated in the US, providing operational support for the HSBC Agency Securities Lending Trading desk. Acting as point of contact for both pre and post-settlement enquiries the Post Trade Analyst will have extensive interaction with the Securities Lending trading desks globally, including the Trading team based in the US and will be part of the wider Securities Lending Operations functions already in place the UK, Hong Kong and Kuala Lumpur. The establishment of this new team in the US creates a follow the sun operational model, with the US team taking over the global loan book from London at the end of the UK business day and then handing over to Hong Kong at the end of the US day. The role holder and his Line Manager are responsible for the securities lending trade lifecycle from point of execution, using internal and proprietary front and back office systems overseeing the timely and efficient delivery of securities on behalf of our clients. The HSBC Agency Securities Lending business has access to a significant global asset pool from which it generates a valuable revenue stream for its clients.

Customers/Stakeholders include:

Sovereign Wealth Funds

Pension Funds

Asset Managers

Broker Dealers / Investment Banks

HSBC Securities Lending Trading Team

The Post Trade Analyst will be responsible for ensuring that HSBC and our clients are risk protected by remaining fully collateralised in line with HSBC and client stipulated mandates and by overseeing the timely settlement of new lending positions, their recall when sold and subsequent return. A large proportion of duties will centre around the management of exposure and associated collateral requirements, including cash collateral and reinvestment and non-cash collateral, principally through Tri Party Collateral service providers. Additionally, the management of all securities lending transactions including recalls to cover client sales and mitigation of buy-in’s will be a principal responsibility and therefore prior experience and demonstrable competencies across the post trade disciplines, particularly in collateral and trade management is required.

The role holder must be able to coordinate comfortably with multiple desks and people and be able to quickly learn new systems and processes. The ability to manage departmental projects is also preferred.

The role holder will ensure the HSBC values are present in everything they do, both individually and as an organisation. This will be achieved by consistently displaying the behaviours of:

• Dependable and do the right thing
• Open to different ideas and cultures
• Connected to customers, communities, regulators and each other

Responsibilities:

• The daily management of HSS cash collateral offering and assisting in its continued development.
• To ensure that the Agency Securities Lending clients have been fully covered with acceptable and appropriately priced collateral and that all securities held are within the parameters set by HSBC.
• The trade management of securities lending transactions, ensuring timely settlement and the effective management of recalls covering client sales and the mitigation of failed transactions and buy-ins.
• To build good working relationships with our counterparts and monitor their performance. Arrange regular reviews and use example based feedback to address any examples of poor borrower performance
• To understand the current and future regulatory environment and apply those requirements to our processes.
• To play a key role in exception management and conducting exception analysis to identify trends and participate in enhancements in an effort to reduce exception levels.
• To continually re-assess the operational risks inherent in the business taking account of any changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management re-structures and the impact of new technology
• To identify and fully contribute to any operational improvement initiatives in areas such as IT and Control
• Ensure compliance with all relevant regulatory, legal, audit, bank and group requirements

Management of Risk:

• Ensure compliance with all relevant regulatory, legal, and Bank requirements including Group Standards Manual and Functional Instruction Manuals

Observation of Internal Controls:

• Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
• The jobholder is subject to compliance with FCA rules, general Bank guidelines and normal budgetary disciplines.
• Understands, follows and demonstrates 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 $87,200.00 and $130,700.00.

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.

• Prior collateral management experience in securities lending.
• Prior trade management experience, particularly in North American markets.
• Ability to work in pressurised environment and manage priorities effectively
• Ability to learn new systems and processes quickly (and or experience of Pirum, Global 1, Trading Apps, GCS/GHSS (Internal Custody Systems)
• Strong analytical skills
• Good planning and organisational skills
• At least 3-5 years experience in a global custody / prime broker environment, preferably within securities financing with a strong understanding of operational risk.
• Prior exposure to cash and non-cash collateral transactions both bilateral and Triparty preferred
• Excellent written and verbal communication skills
• Highly motivated with strong attention to detail
• Strong interpersonal skills with the ability to communicate clearly and effectively at all levels
• Team-player
• High level of interpersonal, professional and written communication skills, with the ability to communicate across all levels.
• Strong MS Office skills (a high competency level of MS Excel and Access is desirable)
• Understanding of and ability to work within an evolving regulatory landscape

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 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.