Associate – Collateral and Client reporting management Middle Office

Summary

Within, Operations, Premises & Country COOs (OPC) based in Hong Kong, Capital Market Operations (CMO) teams are responsible to process the transaction activities for Credit, Rates, FX/MM, Securities and Equities for multiple geographies (APAC and EMEA).

Capital Market Middle Office team in HK is around 40 staffs and 6 sub-teams:

• MO Sales and Client Services: In charge of deals originated by Sales including Trade validation, allocations, MTM reporting and collateral management
• MO IRD/ EIS: In charge of Interest Rate and Equity Derivatives
• MO FX/MM/ Credit: In charge of Foreign Exchange, Money Market and Credits
• MO Post Trade: In charge of the processing activities from FO systems to BO systems
• MO Reconciliation: In charge of the various reconciliation (FO-BO; FO-FO,…)
• MDA: In charge of Market Data activitiesThis role is within the Capital Markets Middle Office Collateral and Client reporting teams supporting the Global Markets business.

Key Responsibilities

Collateral and MTM client Management:

• Manage the Margin calls for OTC Derivatives, REPO, Equity Finance Bilateral and Tri-party
• Notification, confirmation and settlement
• Reconciliation and disputes
• Follow-up on unusual counterparties behaviour and margin call discrepancies
• Contracts setup and liaison with the various teams involved setup in the systems
• Co-ordinate with Front Office, Risk and other concerned departments to setup client desk and issue Mark-to-Market statements to clients
• Perform daily controls
• Assist the Line manager in supervising the day-to-day activities
• Follow-up on query from clients
• Assist in system enhancement, UAT testing, New product onboarding for
• Collateral mgt process
• Handle Audit confirmation for capital market transactions booked in HK
• Participation in the drafting and/or updating of operational procedures
• Manage operational risk with a duty to alert Management.

Candidate criteria

• University Degree holder from discipline in Finance, Mathematics or Engineering
• Minimum 6-8 years’ experience in Collateral Management, MTM reporting activities
• Comfortable with multi-tasking and able to work independently with minimal supervision
• Strong attention to details and a self-starter who is highly motivated
• Good judgement, alertness and common sense
• Versatile with PC tools and applications, e.g. MS Office, VBA
• Good knowledge of financial products and understanding of the operational risks involved in OTC Derivatives, Repo’s, Equity Finance Bilateral and Tri-party, MTM, Collateral management process
• Good analytical, organizational and interpersonal skill
• Fluency in English. Proficient in French or other Asian languages a definite advantage