Associate Director Exchange and Clearing Broker Manager

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If you're looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top or simply take you in an exciting new direction HSBC offers opportunities, support, and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world with operations in 64 countries and territories. We aim to be where the growth is enabling businesses to thrive and economies to prosper and ultimately helping people to fulfil their hopes and realise their ambitions.

The Trading Facilities and CCP Management (TFCM) team has been created to recognise the interconnected nature of the execution and clearing landscape across all asset classes. The purpose of this centralised team is to provide consistent global oversight and governance across all intermediaries related to trade execution and clearing encompassing:
Trading Facilities (Brokers Trade Venues Exchanges) Clearing Brokers and Central Counterparites (CCPs).

The team provides a holistic view of the risks towards these critical intermediaries whilst optimising the business operating model.

The primary purpose of this role is to act as the global lead for Clearing Broker risk oversight and governance. The main focus for this role is assisting the Head of TFCM in managing Clearing Brokers, developing a global framework for exchanges and enhancing the continuous monitoring process.

As an HSBC employee in the UK you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work and a contributory pension scheme with a generous employer contribution.

• Conduct regular due diligence reviews of all Clearing Brokers that are used to access CCPs including documentation review and peer comparisons and follow up with Clearing Brokers regarding the findings and conclusions of due diligence reviews; document actions taken and follow up requirements.
• Create an approved benchmarking process ensuring due diligence reviews are consistent and provide key inputs to individual credit assessments for Clearing Brokers including credit limit proposals based on due diligence results and risk appetite.
• Enhance Clearing Broker governance feeding into the Global Clearing Steering Committee and build a centralised exchange oversight model including commercial strategy.
• Enhance exchange governance feeding into the Global Trading Facilities Forum whilst developing an operating model / workflow from initial assessment to informing business of the required changes.
• Create dashboards to help support tracking of MI through metrics such as KPI/KRIs and be the interface with Business Heads and COOs across all asset classes globally to understand trade execution arrangements.

• Strong understanding of risk management principles, regulatory requirements and industry standards within global markets with excellent governance and oversight skills and experience developing and implementing policies and procedures.
• In-depth understanding of global markets products such as equities/derivatives and/or FX in addition to a background in 1st/2nd line risk management is paramount.
• Knowledge of Central Counter parties and the centrally cleared financial market in addition to an understanding of exchange operations and knowledge of trade execution and market microstructure is highly advantageous.
• Strong interpersonal skills and the ability to work well within a small team with excellent communication skills both verbal and written are essential as is the ability to confidently deal with senior individuals and translate complex information into simple terms.
• Sound analytical skills are essential coupled with the ability to demonstrate forward thinking and the confidence to use strong judgmental skills to identify and resolve…