Group Entity : HDPI Role Title : Assistant Vice President Business/Function &amp; Location : Asset Servicing and Tax Services, Bangalore Role Purpose : As part of the Global Market Operations target operating model, HSBC have created a Shared Service for Operations processing in the Global Service Centre in Bangalore 5, India. The SSO supports multiple products and legal entities and the aim is to provide end to end processing within the SSO. The SSO is organized geographically and by product which mirrors the structure of Global Market Operations. In addition, there are other support functions including People Development, Business Risk Control and Training Reporting to the VP for Asset Servicing and Tax Services, the role holder will provide leadership and operations management expertise to the Asset Services Operations (Equity &amp; Fixed Income - Mandatory &amp; Voluntary) for Global Market Operations across multiple balance sheets in Bangalore 5 and drive the Strategic Projects and efficiency initiatives respectively. In addition, the role holder will be required to actively contribute to the Asset Services harmonization's initiative for SSO Bangalore. Principal Accountabilities : - Lead and manage a team of approx. around 30+ in SSO Bangalore focused on Asset Services Operations (Equity &amp; Fixed Income - Mandatory &amp; Voluntary) for Global Market Operations across multiple entities. - Work closely and collaboratively with business partners other departments including Asset Services, Business Risk and Control Management &amp; Product to provide solutions to clients. Actively collaborate with other Asset Services teams to create a standardized process within SSO. - Train and coach colleagues when required for all Equity &amp; Fixed Income Corporate action processes including Coupon and Redemption processes. - Handle client enquiries on Equity &amp; Fixed Income Mandatory Corporate Actions. - Identify, implement and drive process reengineering and change initiatives to improve efficiency, reduce operational risks and reduce errors against the Equity &amp; Fixed Income Corporate Action processes. - Cultivate a client focus culture, grow productive teams and build leadership within the teams - Implement projects assigned by Senior Management from time to time - Ensure that the most appropriate organizational structures, systems, workflows, procedures and controls are utilized in support of the department activities. - Contribute to the implementation of market-driven changes as necessary to realize efficiency and cost benefits, reduce risk and to reflect product development. - Review and improve the operational processes in partnership with the Change team in order to produce maximum process efficiencies. - Ensure staff are adequately trained to support all of the departments activities within area of responsibility. - Develop relationships with colleagues across GB&amp;M business areas to ensure the department's business and system solutions are supported and implemented in accordance with given timelines. - Ensure that Global Market Operations develops and consistently maintains a premier quality reputation, internally and externally, the departments services. - Contribute/propose amendments to the business model, as appropriate, to meet changing market and business circumstances. Customers / Stakeholders : - HSBC offices globally - Various Custodians and Agents Globally - Internal customers within the various locations in London, Hong Kong and Paris - Support multiple business lines including : EQ : Proprietary trading and Prime Finance including cash equity, stock lending and SWAPs, Delta 1 and CFDs. FI : Proprietary trading, SED, Credit and Fixed Income including equity linked bonds, Fixed Income bonds, stock lending, Bonds and Repo's. Operational Effectiveness &amp; Control : - To ensure control measures/checkpoints are established to scrutinize exceptions/errors to prevent any operational losses and reviews on these measures are constantly performed. Procedural changes/new initiatives are reviewed, fully communicated to and implemented. - To ensure strong internal audit and staff feedback mechanisms are in place to prevent potential frauds/losses. - Plan for effective cross training taking into account the Global Contingency requirements, Staff Banding progression and Operational requirements and striking a balance among them. - Ensure Knowledge retention in the section by reinforcing concepts through continuous staff training. (To address the effects of attrition) - Ongoing monitoring and review of workflow and priorities are in accordance with procedures. - Procedural changes/new initiatives are reviewed, agreed with the business area, fully communicated to staff and implemented. - Review Contingency requirements on a periodic basis and invoke relevant business recovery measures as necessary. Carry out effective Operational Risk Assessment by monitoring and implementing risk mitigating plans. - To support Business Continuity Plan (BCP) by implementing the changes and adhering the BCP Group guidelines as well as Global Market Operations BCP guidelines. Major Challenges : - Deal with the specific requirements for the various markets assigned and to look into effective ways to standardize certain practices across the markets serviced. - Keep abreast with the latest development in the rules and regulations by the regulators of the various markets and to identify the implications involved in the current corporate action processes. - Drive customer centric Quality initiatives. - Effectively mitigate identified Operational Risks. - Comply with the Group's Statutory Audit standards. - Build customer confidence through shared contingency and business recovery measures. - Hands on experience in Equity &amp; Fixed Income Mandatory Corporate Action including coupon and redemption processes and Global markets is a must. - Lead in projects, attention to details is required. Management of Risk : - The candidate will be expected to be a strong communicator - need to liaise with both internal and external clients and escalate issues where required. - The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology. - This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring. - Also by addressing any areas of concern in conjunction with line management and/or the appropriate department. Observation of Internal Controls : - The job holder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators. - The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term - compliance- embraces all relevant financial services laws, rules and codes with which the business has to comply. - This will be achieved by adhering to all relevant processes/procedures and by liaising with the Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimizing relations with regulators. Knowledge &amp; Experience / Qualifications : Qualifications : University degree level and equivalent practical experience/maturity. Professional Skills &amp; Experience : - At least 3-5 years experience in a management position - related. - Extensive experience in Global Market Operations, majorly in Asset Services Equity &amp; Fixed Income. - Knowledge of ASPA/SYN/Merit/TREATs/RIMS/TLM/BBG/SUMMIT systems will be an added advantage. - Strong understanding of risk and risk management in Equity &amp; Fixed Income Corporate Action, coupon and redemptions. - Excellent knowledge of different corporate event types (mandatory and voluntary). Personal Skills &amp; Qualities : - Strong leadership skills evidenced by achievement of objectives together with a track record of the development of individuals with strong organization and planning skills along with the ability to handle capacity and MI reporting - Ability to build and maintain relations with business units and continuously give feedback by stringent follow up on service level agreements - Evidence of strong analytical, statistical and data mining skills to study trends, make projections and to interpret numeric information. - Evidence of strong operational decision making and be able to provide analytical support to the teams. - Experience of successfully managing and developing a team in a previous role. - Evidence of process management skills with an ability to initiate process improvements. - Initiate cost control measures by achieving resource efficiency and managing overheads. - Dedicated approach to teamwork and ability to contribute to team effort. - Ability to speak and understand English fluently. Strong communicator, both verbally and in writing. - Attention to detail and accuracy. - Customer focused and committed to providing a high quality service. - Able to work in pressurized environment and manage priorities effectively. - Effective leadership with requisite interpersonal skills necessary to direct and motivate a large team to achieve results. - Strong collaborative management skills with the various stakeholders. - Problem solving skills and ability to drive process improvements. - High integrity and professionalism.

Bangalore

HSBC - Assistant Vice President - Asset Services Operations - Global Markets 

HSBC - Assistant Vice President - Asset Services Operations - Global Markets  ,Job Description for HSBC - Assistant Vice President - Asset Services Operations - Global Markets  in HSBC in  Bangalore for (3-5) years of experience. Apply Now!

Job Description for HSBC - Assistant Vice President - Asset Services Operations - Global Markets  in HSBC in  Bangalore for (3-5) years of experience. Apply Now!