Sme Regulatory Reporting Middle Office Tdq Job In Hsbc In India, Bengaluru / Bangalore

Job description Some careers shine brighter than othersIf you're looking for a career that will help you stand out, join HSBC and fulfil your potential 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 is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

Role Purpose The Regulatory Middle Office is a risk and control function within the Global Markets Middle Office, and are primarily responsible for ensuring HSBC's ETD & OTC Derivative Trade Reporting to Global Regulators is complete, accurate and timely in all cases It is a Global, cross-asset-class function that works closely with front-to-back stakeholders to ensure key controls are in place and adequate in mitigating or identifying regulatory issues/breaches, to reduce HSBC's overall regulatory risk The team are considered the 'Control Owners' for ETD & OTCD Trade Reporting, and are responsible for evaluating daily reporting submissions, monitoring trade reporting exceptions and reconciliations, managing Linking and Matching activities, performing manual uploads to the Trade Repositories (where needed), identifying trade reporting defects, implementing mitigating / identification controls (where possible), ensuring timely escalation of all identified issues and reinforcing a culture of regulatory awareness across front-to-back functions in line with the Global Regulatory Control Framework Through chairing comprehensive Governance, the team are also responsible for ensuring appropriate communication to, and accountability / ownership from various functions in the management and resolution of identified reporting issues The role will have responsibility for:

• Working with the Regulatory Middle Office function globally to identify, escalate and potentially remediate issues and reporting defects
• Assist in the generation of periodic and ad-hoc Regulatory Reporting management information metrics
• Delivering Global Control Framework activities for HSBC's Global OTCD Trade Reporting Obligations
• Interacting with Offshore / Onshore colleagues as part of daily controls
• Producing regional Trade Reporting Governance packs for presentation to front-to-back stakeholders
• Understand HSBC's Global Regulatory Obligations, System Infrastructure & Reporting Mechanisms as well as OTC Derivative Products and the OTCD Market, and utilise this knowledge to identify reporting or operational inefficiencies and drive improvement
• Maintain comprehensive tracking of open reporting issues and defects
• Use acquired knowledge to identify and mitigate new reporting issues
• Process all stakeholder (internal and external) requests/queries in timely and accurate manner

Principal Accountabilities:Key activities and decision making areas Impact on the BusinessObjectives

• Help create & maintain a strong control environment where regulatory issues are identified / remediated in a timely manner
• Provide oversight and monitoring of complete, accurate and timely reporting
• Directly manage the trade reporting processes relating to changes in new and existing reporting requirements -covering HKMA, CFTC, MAS, ASIC, CSA, EMIR & SFTR
• Assist in build out and execution of robust controls in line with the GM Control Framework
• Support the MO Quality Assurance model by way of execution or validation

Typical KPIs and Targets Responsibilities

• Monitor daily regulatory controls/booking reports, take remedial action where appropriate and record metrics
• Check Trade Repository reports daily, escalate issues, take remedial action where appropriate and record metrics
• Provide support to the daily reconciliations between the trading systems and the Trade Repository
• Work with technology teams to help determine root cause of issues
• Be able to understand and explain the technical infrastructure that supports regulatory reporting and suggest improvements
• Regular communication and interactions with the global team

Customers / Stakeholders

• Trading and Sales
• Business Management
• GM Management Office
• Regional COOs
• Compliance
• Operations
• Production Support

Typical KPIs and Targets

• Feedback from stakeholders & successful implementation of the TDQ function within GM Middle Office.
  
  
• Be recognised as a critical function and stakeholder in supporting and controlling the business and IT functions
• Monthly KRI/KPI reports for appropriate governance and oversight of controls and processes
• Regular 1 2 1's with key stakeholders

Leadership & Teamwork

• Ability to clearly articulate issues and requirements with trading and sales staff and other support functions
• Significant interaction with a range of service providing teams and other stakeholders
• Sharing regulatory reporting expertise and applying suitable controls will be a core function of the role

Typical KPIs and Targets

• Feedback from stakeholders & successful implementation of the TDQ function within GM Middle Office

Operational Effectiveness & Control

• A strong focus on minimising the Operational Risk is vital

Typical KPIs and Targets

• Implementation of the TDQ & Reporting target operating model and associated Control Framework

Major Challenges

• 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
• An 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
• Demonstrate enthusiasm, drive and commitment
• Use SME knowledge to investigate new issues, coordinate with multiple teams to triage and resolve them or raise issues via appropriate channels

Role Context The role requires adaptability in order to operate in a fast changing environment, where there are a large number of systems and regulatory challenges The role requires an individual who has an understanding of how an Investment Bank works (i.

e roles and responsibilities of each function) and at least a base-level understanding of OTC Derivative productsRequirements Knowledge & Experience / Qualifications

• A degree in banking / finance / risk management / business preferred

• Understanding the global regulatory landscape is essential Knowledge of the main aspects of HKMA, CFTC, MAS, ASIC, EMIR, CSA & SFTR trade reporting is beneficial
• 3-5 years previous experience in a control environment (or similar) within an Investment Bank/Financial Institution is desirable
• Good understanding of end-to-end trade lifecycle of typical OTC Derivative products
• Strong decision making, analytical and investigative skills are essential
• Advanced skills in MS Excel (Macro / Pivot) and SharePoint beneficial
• Rigorous approach to controls and the minimization of operational risk
• Ability to prioritise tasks and meet targets is necessary
• Strong written and verbal communication skills
• Flexible to working in shifts (ASP/ US/ EU)

You'll achieve more at HSBC HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc.

, We consider all applications based on merit and suitability to the role' Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website .

Issued By HSBC Electronic Data Processing (India) Private LTD

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