Description

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

As our Settlement Manager you will:

• Oversee daily analyst output by reviewing end-of-day checklists, break reports, failed trade reports, funding reconciliations

• Responsible for ensuring HSBC Securities meets all regulatory requirements (REGSHO, buy-ins, Possession or Control/Customer Segregation) associated with Equities Trade Clearance

• Work closely with Regulatory Compliance to confirm failing trades are actioned within regulatory prescribed timeframes

• First line escalation for complex issues, procedural questions, and interdepartmental queries

• Represent the HSBC Securities at Risk/Control/Recon/Balance Sheet Substantiation meetings

• Direct people management responsibilities -develop team of 9 to make certain career growth is available to all, guarantee fair end-of-year outcomes for staff, create succession plan for critical roles, etc.

• 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

For this role, HSBC targets a pay range between $91,100.00 and $140,000.00

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Qualifications

You´ll likely have the following qualifications to succeed in this role:

• Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions

• Extensive knowledge of ADP/BPS, DTCC, with a concentration in Settlements processing

• Experience working as Prime Brokerage trading support/operations

• Effective time management skills with the ability to meeting deadlines

• Advanced communication skills

• Aggressive and quick learner who is able to multi-task

• Minimum of 10 years of Operations experience, including people management experience

• Minimum of a BA/BS degree or equivalent industry experience

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.

Job Field: Investment Banking, Markets and Research

Primary Location: North America-United States-New Jersey-Jersey City

Req ID: 0000KV9M