Avp - Trade and Position Management Specialist

-Job description**Why join us?**

If you’re looking for further opportunities to develop your career, take the next step in fulfilling your potential right here at HSBC. Global Debt Markets Derivatives Trade Processing Management is integral to HSBC’s purpose and strategy, playing a valued role in Rates & Credit Derivatives trading life cycle management. Our global team of Middle Office professionals partner with the business to provide the day to day operational trade support and control of the Fixed Income Derivatives within Global Market Operations, provide Regional APAC dedicated support to the trading desks actively across a variety of Fixed Income products including Rates, Credit, Bonds, Futures and Repo, ensuring the risk is properly captured in our internal systems efficiently, timely and controlled trade validation, ensuring seamless downstream processing while acting as the primary contacts to internal and external clients on delivering quality service, independent control, operational risk safety and cost efficiency. These also include facilitation of global change management agenda and process streamlining. The role further review both internal and external system reconciliation break investigation, reviewing trade documentation and settlement discrepancies queries from our back office. We are currently seeking a high caliber professional to join our team as Assistant Vice President - Trade and Position Management Specialist (Individual Contributor). This is an Individual Contributor role with no immediate reporting lines.

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

- Provide high quality Trade Validation, Trade Control and Trade Reconciliation Investigation service for Interest Rates & Credit Derivatives trades (Vanilla & Structured) to the Middle Office Desk Support, Front Office business and onshore Operations across Hong Kong and the Asia Pacific (APAC) countries as per agreed service agreements.
- Reconcile Total Return Swap population and updated as real-time communication with the drafting team to ensure T-Plus-Zero (T+0) dispatch paper confirmations.
- Ability to resolve issues under tight deadlines as this is a constant changing environment.
- Provide Regional APAC dedicated support to the trading desks actively across a variety of Fixed Income Derivatives Products, ensuring the risk is properly captured in our internal systems, acting as the primary contacts to internal and external clients on delivering quality service, independent control, operational risk safety and cost efficiency.
- Provide appropriate input in all change initiatives, advising potential impact on the current processes, drives change management in coordination with IT to increase automation and controls.
- Assist in building out a global and robust set of controls in line with the Control Framework to ensure the overall success of Middle Office Target Operating Model (TOM) design and implementation.
- Ensure the regulatory framework in place is effective and properly applied to relevant trading activity.
- Understanding risks associated with the trade flow, ensuring appropriate controls are implemented, highlighting areas for process improvement and making the necessary suggestions to get these controls in place.
- Become the regional Subject Matter Expert for new system and process specifications.
- Act as a point of escalation for all Front Office queries where required.
- Extensive interaction with trading, sales, business management, legal, credit, as well as Operations and IT teams to resolve issues.
- Ability to clearly articulate issues and requirements with trading and sales staff and other support functions.
- There will be no direct line reports but significant interaction with a range of service providing teams and other stakeholders.
- Partnership skills are essential as there will be working with other members of the team.
- A strong focus on minimizing the Operational Risk is vital.
- Controls (both process and project) are key to meeting respective targets. Equally critical to understand Business As Usual (BAU) processes to ensure control framework is suitably positioned to meet regulatory or industry requirements.
- Promptly raise control and process issues with line management, attend weekly controls meetings and provide Management Information to highlight volumes and outstanding.
- Working closely alongside Technology and Operations to ensure successful delivery, communicating effectively with the business via weekly governance meetings.
- Ensuring adherence to Functional Instruction Manual/ Controls.
- Constant drive to develop as well as improve existing controls in order to promote a strong governance model.
- The implementation of controls within the wider control framework and ensure that the controls remain usable and relevant.
- Highly professional and articulate with good stakeholder engagement skills with the ability to work with people of all levels both inside and outside of the Fixed In