Securities Lending, Recalls Analyst- HSBC

London  ‐ Onsite
This project has been archived and is not accepting more applications.
Browse open projects on our job board.

Description

The role will be within the Treasury Operations Trade Management function who act as the operational support for the HSS Securities Lending Trading desk. Acting as the coordination point for all pre and post-settlement queries the Trade Management team have extensive interaction with the trading desk and the other support functions such as Collateral Management and Control as well as representatives within the HSBC sub custody network. The team are responsible for the securities lending trade life cycle from point of execution using all internal and proprietary front and Back Office systems to ensure timely and efficient delivery of securities on behalf of our clients.

The Recalls Analyst will have responsibility for liaising with the trading team on sale activity for HSBC's fund clients and executing recalls against on loan positions where the on loan stock is required for market settlement and for communicating with external counterparts (front/Middle Office) throughout. The Analyst will also work with trading and control teams to re-structure the recalls process using all internal and proprietary systems at the Analyst's disposal with a view to develop an improved process that is robust and efficient.

Responsibilities:
* Execute all recalls in a timely manner when sales are realised by fund clients.
* Monitor all global recalls up to point of settlement and liaise with traders in all regions to ensure all settlement instructions are matched and return deliveries are being prioritised by borrowers.
* Work closely with the custody settlements teams to ensure all sales are settled appropriately once loan positions are returned.
* Communicate with external counterparts (front/Middle Office) daily both by phone and email to ensure recalls/returns are prioritised.
* Maintain a low fail rate, with special regard to buy-in markets.
* Work with Trading/Control/IT to restructure/improve the recalls process in effort to manage recall risk more efficiently and ensure processing is quick and timely.
* Send daily and regular escalation updates to traders to inform them of the risk in their loan positions.
* Returns management, booking of settlement instructions for all returns needing manual entry, monitoring of Pirum pre-matching system for all returns booked automatically.
* Breaks and exceptions clearance - work with trading and trade management teams to match breaks and exceptions with counterparts.
* Work with sales and relationship management for client reviews

Experience
* Ability to work in pressurised environment and manage priorities effectively
* Ability to learn new systems and processes quickly (Pirum, Global 1, TradingApps, GCS/GHS (Internal Custody System), Markit
* Strong analytical skills
* Good planning and organisational skills
* At least 1-3 years experience in a global custody/prime broker environment, preferably within securities financing
* Excellent written and verbal communication skills
* Highly motivated with strong attention to detail

Start date
ASAP
Duration
12 months
From
Resource Solutions - HSBC
Published at
23.05.2017
Project ID:
1348510
Contract type
Freelance
To apply to this project you must log in.
Register