Process GM Custody Equity and Fixed Income settlement activity, ensuring compliance with local regulation, fails resolution, and break resolution.
Primary Responsibilities/Essential Functions:
Support US Securities Custody activities within a settlements capacity
Follow supervisory framework designed to minimize risks/losses
Ensure departmental DIMS are current and fit for purpose
Ensure transactions are correctly recorded in appropriate systems facilitating successful settlement
Investigation and resolution of failing transactions
Investigate & resolve cash and stock reconciliation issues
Maintain excellent client service skills (Internal & External clients)
Address settlement discrepancies and engage Custody Settlement Supervisor for prompt resolution.
Adhere to all rules, regulations and procedures that governs this role and organization
Be aware of Operational Risk and escalate to Manager at all times
Able to multi-task and work well under pressure
Contribute to staff reviews, training, career development, and compensation decisions
Independent decision making abilities while engaging Senior Management at all times
Effectively manage multiple staffs /responsibilities and escalate where appropriate
Ability to apply Industry practices / mandates into BAU functions
Identify high risk functions ensuring strong controls are in place to mitigate risks
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.
Observation of Internal Controls
Each employee must maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Any failures to comply with the above should be reflected in year end performance assessments.
Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.
Computer literacy, knowledge of Excel and Word
Detail oriented, good problem solver
Should have good communication skills
An overall knowledge of Equities products. Stock loan knowledge a plus.
Aggressive and quick learner who is able to multi-task
Knowledge of ADP, Impact, DTC, Global One, Loanet and SWIFT
Minimum of 3-5 years of Settlement experience
Minimum of a BA/BS degree or equivalent industry experience