Equity Middle Office Trade Support, HSBC

HSBC

Location:
United States, New York

Category:
Banking

Contract Type:
Employment contract

Salary:

98400.00 - 147600.00 USD / Year

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Job Description:

As part of the Trade & Position Management (TPM) function of the Global Markets Middle Office (GM MO), the Equity Middle Office Trade Support member plays a key role in supporting the GM MO operating model as a front-loaded control environment that drives data quality. The group focuses on the early identification and efficient resolution of data issues to ensure high-quality, timely data is delivered from the Front Office to downstream functions, such as Finance and Risk. You’ll collaborate with various stakeholders to support efforts to improve processes and ultimately enhance operational efficiency.

Job Responsibility:

Perform intraday and end-of day revaluations at book/portfolio level prior to the batch process to provide a final check on data quality for downstream consumers
Review PV and Risk impact on portfolio movements, new deals, life-cycle events, cancel and amends
Compare end of day P&L with trader-produced numbers, highlighting differences and taking necessary corrective action to remediate
Perform periodic intraday checks to ensure trade and market data quality, completion of life-cycle events, and accurate trade capture, working with the Front Office on cut-off times
Perform daily checks of internal trades between trade systems
Advise end users of data (Product Control, Traded Risk) of late or heldover trades and any known issues outstanding at the end of day
Perform detailed root cause analysis on trade amendments. Provide management with analysis reports. Work with various stakeholders to help drive reduction in amendments
Review market data for quality and accuracy of the data (identifying stale, incorrect and missing data), ensuring identified errors are corrected prior to the end of day
Work with Global Data Services (GDS) to support efforts to improve the quality of daily market data feeds and data sources
Support global efforts to document and maintain product booking models and procedures

Requirements:

5+ years of experience in the asset class, with specific knowledge of equity derivatives, Structured Equity Linked Note, and equity & index swap
Detailed understanding of derivatives P&L and Risk (such as market risk, sensitivities, liquidity, interest rate and FX risk) and the ability to understand and explain movements in both
Knowledge of financial processing systems and accounting
Excellent analytical and PC skills, as well as a keen eye for detail
Strong organizational skills with the ability to work under pressure and prioritize effectively
Ability to operate autonomously without direct supervision
Ability to analyze and make decisions quickly in the event of a problem
Seasoned written and verbal communication skills
Ability to interact effectively with senior operational and trading management
Ability to manage a network of diverse stakeholders in person and remotely
Proactive thought leadership to identify and deliver process improvements and efficiencies
Minimum of a BA/BS degree in financial or related field, or equivalent experience

What we offer:

Competitive Total Reward Package
discretionary annual awards (bonus)
tailored professional development opportunities
Wellness Hub
inclusive work environment
employee volunteerism policy
matching gift program
Sustainability and Climate Change Initiatives
Employee Resource Groups

Additional Information:

Job Posted:
April 24, 2025

Expiration:
May 06, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Equity Middle Office Trade Support

HSBC

Location:United States, New York

Category:Banking

Contract Type:Employment contract