Senior Associate - Equity Operations Settlement and Buy In

Supervise Equities settlement activity, possession and control and buy ins. Including compliance with local regulation, fails resolution, and other operational processing.

Primary Responsibilities/Essential Functions:
  • Support the Cash Equity / Equity Finance Front Office activities within a settlements capacity
  • Review and action Possession and Control 15c3-3 activity
  • Buy in processing; REG SHO
  • Manage day to day processes/settlements and their timely resolution
  • Create/Support supervisory framework designed to minimize risks/losses
  • Ensure departmental DIMS are current and fit for purpose
  • Investigation and resolution of failing transactions
  • Investigate & resolve cash and stock reconciliation issues
  • Maintain excellent client service skills (Internal & External clients)
  • Address settlement / position discrepancies and engage appropriate desk/Manager for prompt resolution
  • Adhere to all rules, regulations and procedures that governs this role and organization
  • Be aware of Operational Risk and escalate to Manager at all times
  • Able to multi-task and work well under pressure


Decision-Making Responsibility:
  • Independent decision making abilities while engaging Senior Management at all times
  • Effectively manage multiple staffs /responsibilities and escalate where appropriate
  • Ability to apply Industry practices / mandates into BAU functions
  • Indentify high risk functions ensuring strong controls are in place to mitigate risks


Management of Risk
  • Each employee must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.
  • Each employee must ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
  • Each employee must promote an environment that supports diversity and reflects the HSBC brand.


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 failures to comply with the above should be reflected in year end performance assessments.
  • 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.


Qualifications

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

  • Microsoft Excel (Pivot Tables; V-Lookup)
  • Effective time management skills with the ability to meeting deadlines
  • Advanced communication skills
  • An overall knowledge of Equities and Fixed Income products
  • Aggressive and quick learner who is able to multi-task
  • Knowledge of ADP/BPS, DTCC, Obligation Warehouse, SmartTrack, Ascendis (Possession & Control)
  • Experience working as Prime Brokerage trading support/operations
  • Minimum of 4 years of Operations experience
  • Minimum of a BA/BS degree or equivalent industry experience


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.