10 days old

Trade & Transaction Reporting Control Specialist

New York, NY 10007
  • Job Code
    0000HFKN

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 New York, New York office.

 

The Trade and Transaction Reporting team provides control monitoring and oversight of HSBC’s trade and transaction reporting to regulators and exchanges.

This role will be responsible for maintaining and building out controls for DFA/CFTC/SEC as well as US regulatory reporting obligations such as TRACE, CAT, and Electronic Bluesheets trade and transaction reporting obligations.

The role holder will require the capability to read and apply regulatory obligations and transform them into business requirements as well as ensuring existing reporting systems and processes are meeting those obligations.  

Successful candidates include those with backgrounds in Trade & Transaction Reporting, Middle Office (Fixed Income Products), Compliance, Control and Data Analysis/Scientist backgrounds

 

Primary Responsibilities/Essential Functions:

  • Responsible for reviewing, investigating and providing analysis on daily, weekly & monthly exceptions
  • Perform daily Quality Assurance tests to evidence complete and accurate reporting
  • Understand and explain the technical infrastructure that supports regulatory reporting and suggest improvements 
  • Work with Trading and Compliance on roll-out of new products to ensure adherence to trade and transaction reporting obligations
  • Attend industry working group calls 
  • Preparation of governance packs
  • Running of governance meeting with senior stakeholders including Trading, Sales, Compliance, Technology and Operations
  • Responsible for managing the delivery of reporting changes for swaps and swaps-related regulations, and associated regulatory initiatives.
  • Work with Operations Regulatory Project Managers responsible for other global regulation (EMIR, HKMA, etc.), as appropriate, to ensure global compliance and process consistency where possible.
  • Ensure the firm remains a prominent member of the market by representing HSBC Operations at external forums related to relevant initiatives (for example, ISDA working groups); collecting internal views and opinions and communicating them to the market while documenting and distributing results and decisions to key internal stakeholders.
  • Organize and chair internal working groups and meetings with the global Operations teams, Compliance and other stakeholders, as appropriate, to communicate requirements, agree tasks and owners and track implementation.
  • Work closely with the global Operations, IT, Compliance, and Front Office teams to build required system changes that will ensure the firm is compliant with all regulatory mandates and industry go-lives by their various deadlines.
  • Maintain relationships with various market vendors such as Broadridge, MarkitSERV, DTCC and ICE to ensure HSBC is aware and aligned to their regulatory- and initiative-related solutions
  • Perform other job-related duties as assigned.

 

Decision-Making Responsibility

  • Collect internal positions and opinions, come to consensus and represent that position to management and the industry.
  • Performs according to prescribed procedures.

 

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.

Categories

Posted: 2022-05-09 Expires: 2022-06-08

HSBC offers the opportunity to develop a fulfilling career within a supportive and inclusive environment. We aim to be a place where everyone can achieve their full potential, regardless of their background.

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Trade & Transaction Reporting Control Specialist

HSBC Bank USA
New York, NY 10007

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