OTC Derivatives Trade and Transaction Reporting Team Lead

Join to apply for the OTC Derivatives Trade and Transaction Reporting Team Lead role at HSBC

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Join to apply for the OTC Derivatives Trade and Transaction Reporting Team Lead role at HSBC

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This range is provided by HSBC. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

$/yr - $/yr

Annual Bonus

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

You will manage the OTC Derivatives Trade and Transaction reporting team, focusing on swaps (CFTC) and security-based swaps (SEC) rules.

As our OTC Derivatives Trade and Transaction Reporting Team Lead you will:

• Thorough understanding of the regulatory reporting rules & environment and ensuring HSBC is compliance with CFTC, CSA, and SEC Securities-based Swap Dealer regulations.
• Provide leadership and guidance to develop and strengthen regional OTC Derivatives Trade Reporting team in day-to-day operations and controls supporting Trade and Transaction Reporting (CFTC, CSA and SEC Securities-based Swap Reporting)
• Management of governance framework and controls around trade and transaction reporting
• Support the implementation and management of controls and governance framework and streamline processes around Trade and Transaction reporting across the different regions
• Maintain oversight of forthcoming regulation and associated impacts on trade/transaction reporting
• Play a key role in facing regulators (CFTC, NFA etc.) and providing response to trade reporting regulatory exams and inquiries
• Supervision of regular meetings and reporting to/with all stakeholders to keep them up to date and ensure expectations are met/managed
• Responsible for managing the delivery of all regulatory operational changes for swaps and swaps-related regulations, and associated regulatory initiatives where it relates to trade and transaction reporting
• Assist in managing the delivery of all global operational changes related to OTC Derivatives regulations (CFTC, CSV and SEC SBSR)
• Work with Operations Regulatory Project Managers responsible for other global regulation (EMIR, HKMA, etc.), as appropriate, to ensure global compliance and process consistency where possible.

For this role, HSBC targets a pay range between $ and $

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Qualifications - External

You´ll likely have the following qualifications to succeed in this role:

• Minimum of 5 years’ experience in derivatives or regulatory compliance
• Demonstrates an excellent understanding of CFTC, CSA and SEC Securities-based Swap Dealer trade reporting requirements in the financial market
• Detailed knowledge of individual G20 regulations as applied to the trade reporting and operations functions; working knowledge of local regulations in key markets and knowledge of key sources of regulatory updates and guidance; knowledge of securities and other…