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 New York, New York office.

The Trade and Transaction Reporting function provides control monitoring and oversight of HSBC’s trade and transaction reporting to regulators and exchanges. This role will be responsible for maintaining the Risk Based Control Framework (RBCF) for DFA/CFTC/SEC as well as US regulatory reporting such as TRACE, CAT, and Electronic Bluesheets trade and transaction reporting obligations, working alongside the Business, Compliance, Technology and other Operations teams. The role will focus on reviewing and investigating daily, weekly, and monthly metrics and dashboards, and performing first-level analysis on daily exceptions and reconciliation breaks to ensure compliance with the firm’s reporting obligations.

Impact on the Business

• Create a robust control environment where regulatory reporting issues are identified quickly and accurately

• Accountable for overseeing and monitoring correct reporting for regulatory reports.

• Provide appropriate input in all change initiatives advising on potential impact upon reporting flow

• Understand relevant requirements in different regions of the bank.

• Ability to work independently, handle change efforts, manage processes and find ways to improve efficiencies

• Have a control mind-set and look to actively manage down FINRA exceptions

Customers / Stakeholders

• Business/Front Office Supervisors

• Regulatory Compliance

• Technology

• Operations

• Regulators

Leadership & Teamwork

• Lead meetings with stakeholders at all levels and drive through targets

• Ability to handle multiple work streams and prioritize effectively

• Strong written and verbal communication skills to detail

• Awareness of long term impact of regulatory environment and market changes on the business

• Actively ensure proper mitigating controls are in place and be responsible for improving processes

Operational Effectiveness & Control

• Must be aware of Regulatory Reporting issues and updates

• Should be able to highlight any control issues that are found either within the team or the wider Operations’ teams that we monitor

Major Challenges

• There will be a challenge in understanding the principles of the role and developing that knowledge while working on the other aspects this role requires.

• There is also a technical aspect to the role since most of the reporting will be done automatically through the different systems in use. The multiple systems that form the basis of the work will present a challenge as an understanding of them all would be an advantage.

• Ensuring any major changes from the regulators are dealt with quickly and efficiently, leaving no margin for HSBC to suffer financial or reputational damage.

• Receiving input from, and dealing with, many different workflows, both from within the team and without.

Role Context

• While the role is within a team, there will be a lot of self-motivation and working without direct supervision. There will be occasions when the role holder will need to run meetings and give out action points to people in the meetings.

• The role requires someone who has a good overall understanding of how an investment bank works (i.e., roles and responsibilities of each function) and be able to tailor communication accordingly.

Management of Risk

• Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.

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.

• 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.

Requirements

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

Education

• A degree holder in any discipline.

Experience

• Previous experience in Operations / Regulatory Controls within an investment bank preferred

• Experience within Global Markets functions would be a distinct advantage

Skills

• Evidence of active participation in establishing and managing effective Operational Risk

• Strong analytical skills essential

• Ability to give presentations is essential

• Project management experience and/or Six Sigma qualification useful

• Technical / IT understanding of how systems deliver regulatory reports is desirable

• Strong people management experience

• Excellent PC skills such as Microsoft Excel and PowerPoint

• Strong organizational and planning skills

• Ability to build and maintain relationship with the business areas supported and continuously give feedback through stringent follow-up

• A sound understanding of the different Global Markets products in Fixed Income space

• Fluent in spoken and written English

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.