Custody Settlements Analyst
At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our Jersey City, New Jersey office.
Process GM Custody Equity and Fixed Income settlement activity, ensuring compliance with local regulation, fails resolution, and break resolution.
Primary Responsibilities/Essential Functions:
- Support US Securities Custody activities within a settlements capacity
- Follow supervisory framework designed to minimize risks/losses
- Ensure departmental DIMS are current and fit for purpose
- Ensure transactions are correctly recorded in appropriate systems facilitating successful settlement
- Investigation and resolution of failing transactions
- Investigate & resolve cash and stock reconciliation issues
- Maintain excellent client service skills (Internal & External clients)
- Address settlement discrepancies and engage Custody Settlement Supervisor for prompt resolution.
- Adhere to all rules, regulations and procedures that governs this role and organization
- Be aware of Operational Risk and escalate to Manager at all times
- Able to multi-task and work well under pressure
- Contribute to staff reviews, training, career development, and compensation decisions
- 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
Management of Risk
- Each employee must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.
- Each employee must ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
- Each employee must promote an environment that supports diversity and reflects the HSBC brand.
Observation of Internal Controls
- Each employee must maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Any failures to comply with the above should be reflected in year end performance assessments.
- Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.