Role is responsible for collecting and monitoring of U.S. Regulatory margin as it pertains to the Prime Brokerage product.
Primary Responsibilities/Essential Functions:
Ensures the accuracy and integrity of U.S. Regulatory Margin on a U.S. Broker Dealer including Regulation T and FINRA 4210's Day Trading rule
Review daily exceptions related to margin, illogical positions and general support of Prime Brokerage arranged financing business
Approve payments and security deliveries
Continuous interaction with internal stakeholders including Operations, Risk, Client Service, Middle Office and Payment teams
Manage client queries in a timely manner
Assist Reg Reporting function in relation to 15C-3, Short Interest Reporting, FINRA reporting and Audit requests
Collect and report data to management in a clear and concise manner
Independent decision making abilities while engaging Senior Management and stakeholders at all times
Effectively manage multiple responsibilities and escalate where appropriate
Indentify high risk functions ensuring strong controls are in place to mitigate risks
Authorizing payments while protecting the firm's reputation
Analyze processes and functions in order to reduce inefficiencies or manual processing
Management of Risk (Operational Risk / FIM requirements)
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 (Compliance Policy / FIM requirements)
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.
Internal Number: 864394
HSBC was born from one small idea: a local bank serving international needs. We started our business in Hong Kong in 1865. In 2015, HSBC celebrates its 150th year anniversary. Over the years, HSBC grew through expanding its branch network, offering new products and establishing its own investment banking arm.
We aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people fulfill their hopes and realize their ambitions.
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At HSBC, you will find that we are dependable, o...pen to different ideas and cultures, and connected to customers, communities, regulators and each other. Our culture has a family feel to it – our employees are encouraged to work together to reach a common goal. This idea is supported and encouraged at the leadership level and passed down.
Our size and global reach mean more opportunities for you to grow your career with us.
We are looking for forward-thinking, driven, perceptive candidates to help our customers realise their hopes, dreams and ambitions.
This means people who are dependable, open to different ideas and cultures, and enjoy being part of a team; people who have the potential to become the future leaders of HSBC.
We encourage you to drive your own development and build your network within your office and around the world.
We provide the opportunities for you to connect with customers, colleagues and the communities in which we operate.