Clearing and Settlements Team Leader

If youre looking for a career where you can make a real impression join Global Service Center (GSC) HSBC and discover how valued youll be. HSBC is one of the largest banking and financial services organisations in the world with operations in 64 countries and territories. We aim to be where the growth is enabling businesses to thrive and economies to prosper and ultimately helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role ofClearing and Settlements Team Leader

The Clearing and Settlements Team Leader accountable for the end-to-end delivery of Futures and Exchange Traded Derivatives (ETD) Operations ensuring executed trades are captured cleared and booked on trade date T1 breaks are investigated and resolved and positions are reconciled and reported accurately to exchanges clearing houses and regulators. The role leads a team of 10 derivatives SMEs and operates in a global matrix environment partnering with key US regional stakeholders and other global counterparts to align priorities standardize execution and deliver a controlled and resilient operating model.

Primary Responsibilities

Lead the Futures and Derivatives Operations team responsible for the following:

Monitor FIS middle wear (Clearvision) for trade acceptance and clearance

Enter Pit and EFP (Exchange for physical) tickets.

Perform trade allocations

Monitoring Give ups/ins handling queries from external brokers and internal traders.

Perform allocations via Traiana

Research and resolve trade / position breaks

Manage all futures and options lifecycle events (Option exercise / assignments deliveries P&S etc.).

Book average price trades and manage residuals

Run EOD PCS reports which are sent the exchanges

Provide leadership coaching and performance management for a team of 10 SMEs; set clear objectives ensure appropriate coverage and build capability/succession

Own day-to-day service delivery and control outcomes for Futures Operations ensure timely completion of all critical processes and exchange deadlines

Drive alignment coordinating with key US stakeholders to agree priorities manage dependencies and deliver consistent outcomes

Act as senior escalation point for complex trade capture allocation lifecycle and position issues; ensure effective triage root-cause analysis and sustainable remediation

Knowledge and Skill Requirements:

Strong understanding of Futures and Options products and markets (Exchange Traded Derivatives)

BA/BS degree

Proficiency with Microsoft Excel

Excellent understanding of Operational risk procedures and controls

Strong analytical and problem-solving skills; able to drive root-cause fixes not just resolution

Minimum of 7-10 years experience in Futures /Derivative Operations including leadership responsibility

Demonstrated ability to operate effectively with global/regional stakeholders

At HSBC we offer our colleagues a greater number of leave days so that they can fully enjoy their wedding take care of the new member of the family or grieve the loss of a family member. Our paid leave package is at the forefront in Mexico now you have one more reason to be HSBC and proudly live a culture of well-being balance and care.

HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of but not limited to their gender or genetic information sexual orientation ethnicity religion social status medical care leave requirements political affiliation people with disabilities color national origin veteran status etc. We consider all applications based on merit and suitability to the role.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement which is available on our website.

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