Assistant Vice President

6 months ago


Kuala Lumpur, Malaysia HSBC Full time

-Job description

**Business**: Collateral Services
**Open positions**: 1
**Role Title**: Assistant Vice President
**Global Career Band**: 5
**Location (Country / City )**: Kuala Lumpur, Malaysia
**Recruiter Name** : Nana Nasruddin

**Why join us?**
The global HSBC Collateral Management team is responsible for the margining and associated management of collateral assets for all HSBC Group OTC derivative, FX, commodity, and repo activity. The group is tasked with minimizing HSBC’s counterparty credit exposure via the use of collateralization, acting on margin terms which are dictated in the various margin agreements, while providing superior client service to our counterparts.
Operating on a global platform comprised of internally developed components which work in conjunction with the Algo Collateral margin system, the US Collateral Management & Valuations group is comprised of teams dedicated to Client Facing functions, Data Quality and Control. Members of HSBC’s Collateral Management & Valuations team are actively engaged in industry initiatives such as the ISDA Collateral Committee, the London Collateral Framework Working Group and the Reconciliation Steering Committee organized by industry leaders.

HSBC has significantly expanded our breadth of services to include an enhanced and consolidated Global Valuations Service, which provides regular cross-product valuations statements via the HSBC Group internet site, HSBCnet, as well as other methods of statement delivery. The Team is in place to address questions and issues related to values on OTC derivative, Repo agreements and structured transactions. Additionally, the team closely monitors changes in the industry in order to deliver regular enhancements as we look to continually upgrade our service to better suit the needs of our clients.

**The Opportunity and What you’ll do**:

- Primary Responsibilities/Essential Functions:_
Perform various functions within the collateral management operations team, including:

- Issuance and response of margin calls as defined in the relevant business documentation,
- Input and approval of collateral movements into HSBC’s collateral system (Algo) and follow through on the settlement of the collateral.
- Interaction with clients and ensuring that Collateral Services adheres to the Client Service Best Practice Framework.
- Working closely with multiple settlement areas to follow up on any failed items.
- Interaction with various internal stakeholders such as Credit, Legal, Documentation, Product Control, and the Front Office to ensure timely resolution of any margin call disputes and queries.
- Work closely with team and department manager to ensure all daily processes are completed on timely basis.
- Support the Company’s Diversity programs.
- Work with business partners to review all new business initiatives as it relates to collateral management.
- Perform other job-related duties as assigned.
- Manage counterparty risk exposure of HSBC and provide valuation support to Clients on a daily basis.
- Expedite resolution of all disputes with counterparts, investigating MTM differences in an efficient manner.
- Key contact and escalation person within the collateral team for HSBC’s priority clients, focusing to ensure top clients receive high quality service.
- Manage the training and onboarding of new staff.
- Primary face-off to onshore operations and business stakeholder.
- Decision-Making Responsibilities:_
- Continually review and challenge the current processes for potential improvements and identify control gaps.
- Reengineer to improve and address control issues.
- Identify and highlight disputed margin calls; escalate as necessary.
- Perform according to prescribed procedures.
- Manage team workload and distribute client accordingly.
- Escalate default situations through the appropriate reporting lines.
- Understand & demonstrate compliance with all relevant internal and external rules & regulations which



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