Assistant Vice President Business Manager Derivatives Clearing Services
Location: New York
Posted on: May 28, 2023
The US Business Manager's primary responsibility will be to support the Derivatives Clearing Services ("DCS") franchise within Markets & Securities Services ("MSS"), which consists of Exchange Traded Derivatives and Cleared OTC Derivatives. This individual will also provide support for MSS's Platform Solutions group, which is comprised of sales personnel across Securities Finance, Securiteis Services, Global Intermediary Services, DCS, and electronic execution sales.
The Business Manager role mostly consists of ensuring that business operations are run smoothly, enabling the front office to better deliver services to their clients, keeping our costs under control, ensuring proper conduct and behaviors, while managing risk, regulatory and organizational changes.
This role will be fulfilled in coordination with other regions, ensuring effective partnership with Front Office, Control office, and Support functions.
P&L / Data Quality Assurance:
Regulatory / Audit / Conduct
Some areas of accountability include compliance with current regulation and ensuring the business keeps pace with regulatory reform. The COO team also works with the business to ensure it is well controlled and facilitates the continuous evolvement of the risk and control framework via enhancements to policy, process and infrastructure.
Internal Business Management
The role has a key people aspect for collaboration and in line with the Values of HSBC. A key part is to be a trusted 'go to' person for the business.
For this role, HSBC targets a fixed pay range between $125,000 and $150,000.
The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.
At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee's overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a "bonus"). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.
Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.
As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC's engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You'll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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