New Issues Specialist Fixed Income Operations - HSBC

  • Negotiable
  • London, England, United Kingdom London England GB
  • Temporary, Full time
  • HSBC Bank plc
  • 13 Aug 18 2018-08-13

New Issues Specialist Fixed Income Operations - HSBC This is an initial 6 month contract based in London

New Issues Specialist Fixed Income Operations - HSBC

This is an initial 6 month contract based in London

Role Purpose

The primary responsibility of the Fixed Income New Issues team is to manage the operational issuance and settlement process for primary deals, supporting the Debt Capital Markets (DCM) group.

Key deliverables of this role include the following:

  • Manage the day to day processing of the New Issues function and act as dedicated point of contact and resolution for all activity relating to primary issuance of Bonds, MTNs, CDs & CP.
  • Manage the day to day activities of the issuance and settlement function relating to new issues, focusing on key risk indicators and priority clients.
  • Accountable for adherence to the FI Ops control framework including weekly risk and control reporting, month end SOX sign off, internal /external audit requests and the monthly Debt MI Pack.
  • Work closely with DCM (includes Origination, Transaction Management & Syndicate Desk), clearing systems, common depositaries and IPAs to bring successful issues to market, protecting HSBC's reputation as a major Debt Issuance firm
  • Initiate process improvements which include representing the New Issues team in working groups to deliver process re-engineering projects to streamline the operations process and reduce operating costs.
  • Provide cross training for new members of the team and cover for roles across the wider Settlements function - including pre-matching and settlement of Emerging Markets, Euroclear, UK and US Settlements, cash reconciliation, stock reconciliation, fails management for all markets.
  • Work closely with the off shore sites to provide assistance / support where required.
  • Onshore team provides front office and sensitive client escalation points.
  • Work closely with New Issues teams in NY, HK and Paris

Knowledge & Experience / Qualifications

  • Strong understanding of the Fixed Income Business for New Issues for Syndicated Debt Issuance , MTNs, CDs & CP.
  • Strong knowledge across mechanics of Primary closing for a variety of markets to include but not restricted to, Euroclear, Clearstream, Crest, US, France, Italy and Spain.
  • Strong understanding of general fixed income settlement mechanics.
  • Strong understanding of risk and control.
  • Strong interpersonal skills and able to develop strong relationships with the business.
  • Ability to problem solve, articulate requirements and escalate with minimum input from senior management team. Works closely with peers to proactively resolve issues.
  • Ability to drive change and process enhancements.
  • Strong teamwork skills - flexible to changing requirements within the team
  • Strong written and verbal communication skills

Please submit your CV in the first instance