Job description

Primary Responsibilities/Essential Functions:

• COASTS - SSI Updates (H S I) is handled by Client Admin

• Reconciliation - Except for HBAP entity

• Funding - Euroclear (92362), domestic market settlement for offcycle and Failing DVP trades

• Transaction Fees, Repatriation.

• Client support (H S I) is handled by Client Admin

• Allocations for markets Brazil, Colombia, Chile and Peru

• Pinksheets (ADP) manual instructions - Across all markets

• GMG - MT 54x, Claims / SBL Fees / FTT, IFTT

• BONY report, Fail management

• HUB - Approval (many wire)

• Markets covered: Brazil, Mexico, Columbia, Peru, Chile, Canada

• Entities covered: HSI (HSBC Securities USA), HBEU (HSBC Bank PLC, HBAP (HSBC Asia Pacific), HBCE (HSBC France)

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

Decision-Making Responsibility:

• Independent decision making abilities while engaging Senior Management

• Ability to apply Industry practices/mandates into BAU functions

• Identify high risk functions ensuring strong controls are in place to mitigate risk

Observation of Internal Controls:

• We use HBEU’s clearance account to settle our H S I client trades in European and Emerging markets

• Reconciliation, Fail management, Repatriation

• HBEU has their own payments team

• H S I Asia Pacific - Funding, reconciliation, claims, penalties, SBL Fees, Transaction fees, Debit and Credit interest

• HBAP has their own payments team

• Euroclear - 92362 (H S I)

• Reconciliation, Funding, Debit and Credit Interest entries

For this role, HSBC targets a fixed pay range between $85,000 and $100,000.

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.

• Computer literacy, knowledge of Excel and Word
• Detail oriented, good problem solver
• Should have good communication skills
• An overall knowledge of all Equity Products
• Aggressive and quick learner who is able to multi-task
• Knowledge of ADP, GFW, DTCC (PBS, Settlement Web), Euroclear, GMG, HUB,ETP, SYN
• Minimum of 3-5 years of Settlement experience

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.