Manager Markets and Securities Services (Global Macro)

If youre looking for a career that will help you stand out join HSBC and fulfil your potential - whether you want a career that could take you to the top or an exciting new direction we offer opportunities support and rewards that will take you further.

Were one of the largest banking and financial services organisations in the world with a network that covers more than 50 countries and territories. We aim to be where the growth is enabling businesses to thrive and economies to prosper and ultimately helping people fulfil their hopes and realise their ambitions.

Were currently seeking an experienced professional to join our team in the role of Manager - Markets and Securities Services (Global Macro)

Join our Regulatory Compliance team and work alongside Global Macro stakeholders across GFX Rates and Commodities. You will provide independent second line of defence oversight and pragmatic advice on key regulations and market standards including MiFID MAR DFA and the FX Code/FMSB partnering closely with Sales & Trading the Global Macro NFR team and the COO team. This is a hands-on role for someone who enjoys translating complex requirements into clear workable controls staying ahead of regulatory change and providing credible challenge.

As an HSBC employee in the UK youll have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees enhanced maternity and adoption pay and support when you return to work and a contributory pension scheme with a generous employer contribution.

In this role youll:

• Form part of the Global Markets & Securities Services Regulatory Compliance (MSS RC) team. Provide independent oversight and challenge of risk management practices across the Markets & Securities Services (MSS) businesses Global Functions and / or jurisdictions within the second line of defence to obtain reasonable assurance that they are operating in line with relevant laws regulations codes and HSBC Group Standards.
• Provide Regulatory Compliance advice to support all areas of the Markets business with primary coverage of Global Macro in particular but not limited to industry standards (FMSB FX Code) and regulation that are relevant for MSS such as MiFID MAR DFA.
• Partner with Entity Regional and Group Regulatory Compliance where required to deliver on mandated initiatives particularly coordinating with regional Regulatory Compliance counterparts to share information and best practice.
• Provide robust advice and challenge to satisfy the Regulatory Compliance role as a Risk Steward.
• The MSS RC Macro role will primarily focus on the GFX Rates and Commodities businesses and will also support the FX and Precious Metals benchmark execution desk; the role provides compliance oversight and risk stewardship across Macro trading activities supporting adherence to applicable regulatory requirements and assessing compliance risks and controls with desirable experience supporting or working closely with algorithmic/electronic trading and/or a technology background.
• Foster strong working relationships with Global Macro Non-Financial Risk (NFR) team and Chief Operating Office Sales & Trading staff and management to oversight business control framework and governance forums.
• Keep abreast of regulatory and legislative changes and provide advice to enable the business to implement changes and operate in a compliant and controlled manner.
• Partner with Regulatory Change and other regulatory SMEs to deliver new regulatory requirements as well as leading on revisions to BAU rules and requirements and Q&As ensuring changes and impacts are disseminated to the appropriate businesses functions and / or jurisdictions.
• Develop close working relationships within the bank and across lines of business to engender a culture of compliance within the business and control functions.
• Contribute to the performance of Compliance Risk Assessment process testing and monitoring program and new business regulatory reviews and where necessary coordinate within the legal entity and beyond.

To be successful in this role you should meet the following requirements:

• Solid experience in a similar Regulatory Compliance role/function(or very close equivalent) with the confidence to providecredible challengeas2LoD.
• Working knowledge of the Macro regulatory landscape:MiFID MAR DFAplus key market standards (FMSB FX Code).
• Product and flow understandingacrossFX Rates and Commodities ETD and OTC derivatives and how controls and governance operate around trading activity.
• Strong day-to-day execution skills:analysis understandingcomplex workflowsattention to detail and the ability toescalate issues promptly.
• Strong collaboration skills to work across Sales & Trading theGlobal Macro NFRteam COO and Compliance colleagues globally.
• Knowledge ofalgo/electronic trading control frameworks:MiFID II RTS 6
• Exposure tobenchmarks(role supports theFX & Precious Metals benchmark execution desk).
• Atechnology backgroundor proven ability to partner effectively with tech on control design/testing.
• Confidently runs an independent portfolio of work sets clear priorities and delivers highquality outcomes to agreed deadlines.
• Builds strong relationships with the business while being comfortable holding the line-raising concerns early influencing effectively and navigating difficult conversations with calm professional judgement.
• Anticipates emerging conduct and regulatory risk themes and converts insight into tangible improvements such as strengthened controls targeted training policy/procedure updates or focused thematic reviews.

Opening up a world of opportunity.

#LI-HSBC

Being open to different points of view is important for our business and the communities we serve. At HSBC were dedicated to creating diverse and inclusive workplaces - no matter their gender ethnicity disability religion sexual orientation socio-economic background or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process please get in touch with our Recruitment Helpdesk via .

Required Experience:

Manager

Employment Type : Full Time
Experience: years
Vacancy: 1