Foreign Exchange Options and Cash Middle Office

4 weeks ago

New York, United States HSBC Full time

-Job description

Our purpose - Opening up a world of opportunity - explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world - for our customers, our people, our investors, our communities and the planet we all share.

Responsible for managing the trade capture workflow for FX Options (FXO) and Cash, coordinating with Trading, Sales and Operations in the day to day business, and monitoring and controlling risk front to back. Trade capture responsibilities include, but are not limited to, assisting with trade bookings and amendments, facilitating trade life cycle events and identification and resolution of variations in risk as raised by Trading. In addition, the role requires all trade issues to be monitored, escalated as necessary, and resolved in a timely and efficient manner.

As our Foreign Exchange Options and Cash Middle Office Analyst you will:

- Assist with trade bookings and amendments as requested by Trading, Sales, and Risk Management groups
- Manage FXO (Foreign Exchange Options) and FX lifecycle events, including exercises/expirations, fixings, and barriers
- Monitor and resolve intersystem and cross-entity reconciliation discrepancies
- Coordinate the resolution of exceptions with internal stakeholders including Front Office, IT, and Operations
- Review and validate all relevant daily operations tasks are completed
- Adheres strictly to compliance and operational risk controls in accordance with HSBC and regulatory standards, policies and practices; reports control weaknesses, compliance breaches and operational loss events. counterparts to ensure consistency and alignment to target operating models within the Middle Office

Decision-Making Responsibility:

- Use judgment to act in the team’s and the organization’s best interest in all responsibilities and situations
- Identify potential financial risk to the bank and ensure proper resolution is achieved within the bank’s guidelines
- Escalate to senior management (e.g. Front Office, Product Control, Compliance, and/or Operations) any issues that may cause financial loss to the bank or that could affect client relationships and provide awareness of potential issues
- Demonstrate a commercial mind-set when decision making regarding costs with a focus on value for money. Articulate cost benefits clearly and provide transparency regarding actual savings
- Manage Risk
- Display understanding of and adherence to internal controls as well as relevant regulatory guidelines and controls and promote the awareness of the same
- Be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations
- Ensure compliance with operational risk controls in accordance with internal or regulatory standards and policies; and optimize relations with regulators by addressing any issues
- Promote an environment that supports diversity and reflects the HSBC brand and adheres to the values of the company
- 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

For this role, HSBC targets a pay range between $91,100.00 and $136,600.00.

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

You´ll likely have the following qualifications to succeed in this role:

- FX Options and Cash knowledge preferable
- Understanding of Front to Back trade flows to manage Operational Risk
- Ability to quickly analyze and make decisions in the event of a problem
- Ability to learn new processes quickly
- Lateral thinking to identify improvements in processes
- Clear communication skills
- Minimum of a BA/BS degree in financial or related field, or related experience

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

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 ro

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