Manager Markets Operations Control

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Job Introduction

To ensure timely and accurate processing of all Derivative deals done by Markets, India including regulatory and FIM compliance

Principal Responsibilities 

• Accurate and timely processing of all derivative deals done by Front office within appropriate cut off times.
• Accurate and timely reporting of trades to Trade repository
• Monitoring of Trade Matching Platforms
• Ensure all confirmations and payments are sent in time
• Ensure compliance with all regulatory and internal control requirements
• To provide internal customers with the highest level of service through understanding customer needs and establishing good relationships, with improvement from benchmark by year end
• Support new Treasury business initiatives
• Maintain a high level of control over correspondence both internal and external
• Contribute to sustaining team morale and motivation within the department
• Ensure atmosphere of the team is maintained with open communication amongst the team and with managers
• Provide suggestions and assist in streamlining processes and work flows in TRS with a view to reducing manual effort and achieving higher efficiency/accuracy and cost savings
• Ensure strict cost control discipline

Role Requirements / Certifications / Experience:

HSBC Treasury has to operate in an environment which is highly controlled and regulated through numerous laws and regulations.The jobholder is guided by the Global Banking & Markets FIM, RBI's Exchange Control manual and various guidelines issued from time to time, FEMA, FEDAI & FIMMDA guidelines, Internal Control guidelines and market best practices.

Maintain and observe HSBC internal control standards, implement and observe Group Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators.Foster a compliance culture and implement Group Compliance Policy by managing compliance risk in liaison with the Head of Group Compliance, Regional Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources are in place and training is provided, and optimising relations with regulators.

Any discrepancy on this desk may directly result into regulatory default or non-compliance, major challenge for this desk is to maintain a high level of accuracy while adhering to extremely demanding time constraints. Jobholder should strive to build robust intraday controls to mitigate such defaults/ risks.

Jobholder needs to ensure that effective checks and balances are in place and timely and accurate information is submitted.

The thinking challenge in the job is to suggest ways to streamline workflows to cut processing time without compromising on controls. To ensure that electronic settlement mechanisms are implemented without any compromise on controls.