Debt Securities Associate - Global Banking & Markets

Debt Securities Associate - Global Banking & Markets

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Job Description

Job Description
The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we're leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.
Some careers have more impact than others.
If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
HSBC Global Banking and Markets is an emerging markets-led, financing-focused business that provides investment and financial solutions. Through our international network, we connect emerging and mature markets, covering key growth areas. We partner with our corporate, government and institutional clients to help them achieve consistent, long-term performance. Our products and services include advisory, financing, prime services, research and analysis, securities services, trading and sales and transaction banking.
We are currently seeking a high calibre professional to join our team as a Debt Securities Associate.
Principal Responsibilities
  • Monitor the day to day operations to ensure settlement instructions to clearing agents of US fed wire/domestic, Euro clear and other domestic markets, etc. are sent and authorized as soon as possible, trades are settled on time and all potential fails or failed trades are followed up promptly
  • Provide support to business with regards to new business, products and client request
  • To co-ordinate the issuance of notes with the issuing and paying agent, depository and business
  • Liaise with Front Office, Overseas Office, local brokers, clearing agents and clients in resolving settlement problems
  • Provide support to Front Office for existing product and new product initiatives
  • Understand the clients requirements in the trade settlement cycle and provide status updates to clients according to their requirements
  • Experience of Settlement function and a good understanding of trade life cycle and settlement end-to-end flow for fixed income products
  • Good communication skills in both English and Cantonese
  • Maintain a high level of accuracy and be vigilant when validating the settlement instructions and authorizing payments. The candidate also needs to have high control awareness and be flexible in handling exception in case of system problems. A high degree of judgment is required in handling non-routine/irregular issues. Instant response and quick decisions are perpetually required to meet deadlines. As the global settlement activities stretch across all different settlement systems, the candidate must get himself familiarized with operations of the different systems
  • To cope with the rapidly changing environment, the candidate must keep himself up-to-date for the skill and knowledge of the securities industry and be conversant with the special market practices, rules and regulations in order to comply with and avoid any breaching of the regulations
  • The candidate needs to rigorously enforce dual control in Settlements area and put in place the appropriate level of segregation of duties in processing settlement capability within the authorized limits
  • The candidate needs to ensure all trading activities need to adhere to and comply with the Securities Ordinance as well as the Rules and Regulations of Securities and Futures Commission 'SFC'
  • The candidate must have a clear understanding of the market regulations and have to ensure that any irregularities are reported to the manager. If necessary, the candidate should further clarify with Compliance before processing, to avoid breaching of the regulations

You'll achieve more when you join HSBC.
HSBC is 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. 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 The Hongkong and Shanghai Banking Corporation Limited.

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