AVP Operations

Why join us?

The role holder will be part of the Equities business franchise under Market Securities Services Operations (MSSO) umbrella. The business covers products in the Equity Derivative (EQD) and Prime Finance areas. Our products and services include advisory, financing, prime services, research and analysis, securities services, trading and sales and transaction banking. The scope of the EQD team in KL comprises middle office operations and includes the following activities:

Trade support function, trade validations to front office systems, cash equity/stock loan breaks, intersystem break investigation, review documentation and settlement discrepancy queries from offshore teams.

The Opportunity:

• The team covers Cash Equity, Equity Derivatives and Securities Financing. Securities Financing encompasses Prime Finance, Delta One trading, Stock borrowing and Lending, and Collateral Treasury trading.
• The role will cover Hong Kong and European facilitated activities under HK balance sheets.
• Your main contacts will be trade desks and middle office teams.
• The role will be working on Hong Kong shift with a possibility for staggered work hours.
• This middle office desk support (MODS) role does not have any direct reports.

What you’ll do:

Responsibilities include but not limited to:

• Complex Trade Bookings, verification, and control monitoring of exception trade flow.
• Trade lifecycle management including corporate action processing, fixings, coupon calculations, trigger monitoring, break clause and expiry monitoring.
• Trade capture completeness and accuracy i.e. ensure life cycle bookings (fixing, rollover, corporate action, termination, expiry) are done by the daily auto-validation deadline, making sure inter-entity and intra-entity back-to-back trades are booked correctly, and short positions are covered by liaising with the relevant desks.
• T-Zero trade exceptions and trade matching. Interaction with brokers, clearers, desks to resolve T-Zero breaks.
• Assessing and managing risk from the daily activity of the Equities Trading desk.
• Exception, reconciliation, and control oversight of complex business flows.
• Drive to improve operational robustness and risk reduction.
• Interact with Front Office Trading and Sales, Operation teams, Product Control and external counterparties to resolve trade discrepancies and escalation issues.
• Liaison with our settlement teams regarding unsettled Cash Flows, outstanding Trades and reconciliation issues.
• Work closely with extended team based in Kuala Lumpur, Manila, Paris, New York, London and Hong Kong.
• Ability to apply judgment to operational situations in a fast paced environment to drive progress.
• Identify potential financial risk to the bank and ensure proper resolution is achieved within the bank’s guidelines.
• Timely escalation when necessary for issues that may cause financial loss to the bank or that could affect client relationships.
• Ensure adequate support for effective management of Key Risk Indicators, to minimise risk e.g. Nostro/Stock/inter-system breaks.

What you will need to succeed in the role:

• Demonstrate good understanding of the Equity business and products.
• Experience of working in a trade support role covering equity or debt securities is desirable but not essential.
• Relevant experience of dealing with Front Office stakeholders, preferably from a trading floor environment would be preferential.
• Proactive, confident and self-motivated with the ability to problem solve and work under pressure within a fast paced environment.
• Awareness and appreciation to operations risk and control and exception management.
• Ability to implement initiatives and work as part of a team.
• Strong communication skills with the ability to interact with clients/stakeholders.
• Attention to detail and a hands-on approach to identify opportunities of process improvement.
• Understands escalation framework across all aspects of Operations, including day to day operational risks and systemic risks.
• Strong awareness and appreciation to operations risk and control and exception management.
• Strong communication skills with the ability to manage local and international relationships across the organization.

What additional skills will be good to have?

• A degree in Business or Finance would be preferred.
• Understanding of Markets Operations is an added advantage.
• Able to work in a demanding and time sensitive environment.
• Hands on experience of operations processing is an advantage.
• Coding skill is an advantage.