Trade Operations Associate

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Global Trade Solutions

HSBC is the world's leading trade finance bank, offering a comprehensive range of traditional trade products as well as a variety of innovative structured supply chain solutions. GTS has been recognized by the industry's most prominent publications and associations for its strength in combining innovation and service excellence with its end-to-end customer solutions (voted the Best Trade Bank by our clients globally for eight consecutive years.

Job Introduction

We are currently seeking an experienced professional to join the GTS team in HSBC GIFT City International Banking Unit

Principal Responsibilities

• Oversee transaction processing for HIBU with Service Providers ensure that the transactions are processed within SLA and in compliance with HIBU operating controls
• Processing (L2) of RF and GTY tranx and perform GTY vetting onshore
• Manage on-site service provider team deployed for scanning documents.
• Work Closely with Area Head GTS Services, Trade BDM's (including FI's) and client service managers to meet client's expectations on transactions processing.
• Monitor suspense & nostro accounts to ensure the entries are passed promptly.
• Ensure Primary & Secondary reviews of control reports are completed as per GOP.
• Manage & Prepare Regulatory Reporting, Concurrent and Internal Audits for HIBU.
• Streamlining processes, controls and de-risking HIBU operations for GTS.
• Investigate Operational issues / events, perform proactive root cause analysis and independently drive closure of actions.
• Co-ordinate with IT Projects teams for change control releases, UAT's and resolution of defects.
• Ensure swift messages for Core Trade and Guarantees are actioned including Daily reconciliation.
• Managing end to end tracking of RF, guarantee and core trade transactions including tracking of internal approvals for HIBU.
• To conduct and participate in review calls with Group Offices for HIBU transactions
• To ensure follow up and timely action for commission receivables / payable is undertaken.
• Review control reports and other HIE generated reports daily to ensure that no Balance sheet differences occur to account of transactions processed on the previous day.

Role Requirements / Education Qualifications / Certifications / Experience

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.

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Issued by The Hongkong and Shanghai Banking Corporation Limited, India

Skills Required

Root Cause Analysis, Regulatory Reporting, FEMA, Regulatory Requirements, Transaction Processing, Uat, Change Control