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Senior Operation Manager, USD Settlement Institution - Digital Business Services
February 20, 2021
The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we're leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.
Some careers have more impact than others.
If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
HSBC Digital Business Services is a pivotal part of the Group, providing essential operational and technical support to our global businesses and helping improve customer service and efficiency. Digital Business Services combines global expertise and technology to help keep us ahead of the competition.
We are currently seeking a high calibre professional to join our team as a Senior Operation Manager, USD Settlement Institution.
Managing day to day operations of the USD SI Operation team
Ensuring the stability of the USD Clearing System in HK through close collaboration with HKMA, HKICL and internal departments
Reviewing and processing membership application to the System and consult HKMA, FIG and Compliance if necessary
Monitoring overall market exposure and liquidity position to avoid any system damage
Ensuring industry compliance with throughput performance standard and urge the prompt settlement of payments without gridlock
Providing professional clearing and settlement service to Direct Participants ("DPs") including monitoring HKICL service to DPs in terms of system maintenance and its response to DPs' queries on clearing service; providing DPs with accurate settlement information; advising DPs on best utilising System functions to suit their business needs; assisting DPs in establishing adequate contingency measure to ensure continuous clearing service in case of any system failure and market disruption
Coordinating and working with DPs to resolve any liquidity issues
Preparing and executing effective contingency plans to limit the consequences of operational failure
Reviewing and identifying potential risks posed by the design and operation of the System and to take steps to eliminate or control them, and implement necessary procedures to comply with new regulatory requirement and practices to avoid any adverse implications on the Bank
Performing annual review and publishing of "Principles for Financial Market Infrastructures Disclosure Framework for USD CHATS"
Cooperating with the HKMA and HKICL on new system implementation and crisis management
Complying with HSBC internal control standards, implement and comply with Group Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators
Providing quality management information to Senior Management, and to the HKMA as required
Performing cost planning and control to ensure operating costs are under budget
A broad knowledge of the banking business preferably with Treasury knowledge with at least 8 years' experience on relevant exposure in handling payments and clearing operations in a major financial institution
Good knowledge of HKMA payment systems and RTGS operations
A good understanding of Clearing and Settlement Systems Ordinance, the Rules, HKAB Regulations and all relevant banking law Industry
A minimum of 6 years' experience in managing banking business and staff management
Excellent interpersonal and communication skills, proficiency in spoken and written English and Chinese
Proven ability and experience of working in a high-pressure, fast paced environment where bold, time critical decision making is essential
To be considered for this role, the relevant rights to work in Hong Kong is required.
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Issued by The Hongkong and Shanghai Banking Corporation Limited