Associate – Collateral and Client reporting management Middle Office

** This position will be under the Employee Referral Program in Hong Kong.

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 activities
  This 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.

In accordance with the Mandatory Reference Checking (MRC) Scheme implemented by the Hong Kong Monetary Authority (HKMA), a successful candidate for an In-Scope Position who has held a position with an In-Scope Institution in the past 7 years will be subject to a mandatory reference check.   For more details, please refer to Mandatory Reference Checking Scheme Phase 2 | The Hong Kong Association of Banks.

Personal data provided by job applicants will be used strictly in accordance with the employer’s personal data policies, a copy of which will be provided immediately upon request.

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