Assistant Vice President

-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 trade life cycle management. Our global team of Middle Office Desk Support professionals partner with the business to further support on trade support tasks including Rates, Credit, Bonds, Futures and Repo, non-economic amendments, User Acceptance Test (UAT) testing, query management and systems feed exception monitoring.

The role further thrives to enhance our current business model on compression, and late clearing with a more-client focused and proactive approach which further increase notional saving and reduce operational risk by increasing the STP ratio. The role also seeks to continue to ensure the overall success of the MO Target Operating Model (TOM) design and implementation and support on new products, initiatives and business requirements. We are currently seeking a high caliber professional to join our team as Assistant Vice President - Trade and Position Management Specialist. This is an Individual Contributor role with no immediate reporting lines.

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

- Provide high quality Trade Enrichment and Trade Lifecycle Event management services for Interest Rates & Credit Derivatives trades (Vanilla & Structured) to the Front Office business and onshore Operations in London as per agreed service agreements, as Middle Office Desk Support.
- Trade Compression and backloading support for reducing operational and counterparty risk exposures and achieve regulatory capital saving.
- To establish trade allocation, ensuring risk is properly captured in internal systems and escalating any issues to trading and sales.
- Able to work with sales and trading to manage deals to be closed on a targeted timeframe.
- Agile with the ability to resolve issues under tight deadlines in a constantly evolving environment.
- Provide dedicated support to the trading desks actively across a variety of Fixed Income 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 GDM Control Framework to ensure the overall success of Middle Office 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 (SME) 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, GM Management office, Regional COOs as well as MSS 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.
- Lead innovation and change within the team. Create a positive environment where team members feel encouraged to contribute and drive improvements within the process.
- Build robust succession planning and ensure the absence of key person dependencies.
- Ensure expertise and competencies are developed within the team.
- A strong focus on minimising the Operational Risk is vital.
- 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 GM control framework and ensure that the controls remain usable and relevant.
- Highly professional and articulate with good RM & stakeholder engagement skills - with the ability to work with people of all levels both inside and outside of the FI asset class.
- A strong understanding of process flows, front to back trade life cycle and product knowledge.
- Demonstrate an ability to work on their own and without supervision, able to take the initiative and take responsibility but also show a good understanding of team work.
- Act as a point of escalation for operational issues within the team and be able to communicate, address, and resolve issues with the relevant areas in a timely manner.
- Ensure the escalation of all problems/risk issues within t