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Settlements Manager

1 month ago

UAE, United Arab Emirates HSBC Full time

**Settlements Manager, 0000IEM7**

**Some careers grow faster than others.***

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential.

Markets Operations is responsible for driving every part of the trade lifecycle post execution. Its global teams manage settlement activity, risk and control, while ensuring the delivery of regulatory compliance and seamless operational client service across 60 countries.

We are currently seeking an ambitious individual to join our Markets Operations team, working together with colleagues to define, manage and achieve divisional business targets.

**In this role, you will**:

- Ensure all trade validations and settlements are processed prior to the respective settlement dates across all asset classes.
- Ensure to provide high quality support services to Global Markets - UAE and regional sites - as well as external customers.
- Ensure validate and settle transactions for Derivative, Fixed Income and Shariah products for UAE and the Regional sites.
- Adherence to DIM, FIM, DFA regulations
- Ensure Zero PLA breaches & Ops loss
- Regularly review procedures and controls for existing products to ensure group standards are maintained and continuous process improvement are carried out.
- To ensure all transactions are settled prior to designate currency cut off and in accordance with the Payment Transparency guidelines (PT).
- Ensure effective coordination between the onshore and offshore teams (GSCKL, and GSCM) and active supervisory oversight is maintained at all times
- Ensure high quality support services to Global Markets (FO) by ensuring error free and timely validation and settlements. They should promptly notified & immediate action should be taken to avoid payment mismatches / penalty charges.
- Ensure effective communication between UAE, regional sites and Front Office and enhance service levels across business lines by addressing the issues raised by the Front office and Regions without delay
- Problem situations are proactively identified, resolved and escalated to give maximum customer satisfaction. Appropriate measures are taken to improve quality and prevent recurrence.
- Enhance systems and business knowledge relating to customers / processes and cascade to teams.
- Assist in the due diligence process for introduction of new GM products and systems, working closely with the front office/Group Offices and setting up the Operational Procedures and Processes
- Training and coaching on an ongoing basis but particularly when new products are introduced. Provide guidance (within defined operational parameters) to team members to ensure that product / transactional variances are properly captured.
- To ensure accurate and timely validation & processing of all transactions across all asset classes, i.e. Derivatives, Fixed Income & Shariah originating from UAE and the regional sites by laying down clear desk instructions and as per TOM.

Requirements

**To be successful in the role, you should meet the following requirements**:

- Knowledge of Derivatives, Fixed Income, Shariah products and their lifecycle and an understanding of Global Markets Operations.
- System knowledge of Treats, TCM, Summit, Murex, DTP, GC, GMG, Bloomberg, Euroclear/Easyway.
- Good knowledge of Treasury systems and the HSBC Banking system and the workflow in-built within the systems
- Experience in Managing Settlements for products across all asset classes for GM operations, MENA
- Ability to manage multiple tasks in a challenging environment.
- Good problem solving and communication skills.
- Practical experience of 5 years in Global Markets operations.
- Excellent Inter-personal, leadership, management and group skills.
- Ability to maintain focus while working with voluminous data
- Ability to multi task
- Good Communication, planning and organizing skills.
- Good initiation of improvements. Open to Change.
- Ability to build rapport with and relate to and effectively develop a wide range of people
- Graduation degree is a must - to secure a UAE Visa and Work Permit
- Under the New Labour Law, only fixed term contracts shall be available to all employees of HSBC UAE (except DIFC and ADGM employees) - hence in line with the term of work permit, a 2 years’ contract would be issued._

**You’ll achieve more at HSBC.**

Issued by The Hong Kong and Shanghai Banking Corporation Limited.

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