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FX Cash and Options Middle Office Analyst at HSBC

FX Cash and Options Middle Office Analyst

HSBC New York, NY Full-Time

At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our New York, New York office.

Responsible for monitoring and managing the trade capture workflow, monitoring and resolving intersystem reconciliations, and coordinating with Trading, Sales, and Operations in the day to day business. Trade capture responsibilities include, but are not limited to, assisting with trade bookings and amendments, facilitating trade life cycle events and identification and resolution of variations in risk as raised by Trading. In addition, the role requires all trade issues to be monitored, escalated as necessary, and resolved in a timely and efficient manner. As a result, the role is an escalation point for the various Front Office and Operations teams.

Primary Responsibilities/Essential Functions:

+ Assist with trade bookings and amendments as requested by Trading and Sales

+ Managing FX Options lifecycle events, including exercises/expirations, fixings, and barriers.

+ Monitor and resolve intersystem and cross-entity reconciliation discrepancies

+ Coordinate the resolution of exceptions with internal stakeholders including Front Office staff, IT, and Operations

+ Review and validate all relevant daily operations tasks are completed

+ Exercise superior client service through professional phone and email communications with internal (and external where applicable) clients

+ Supports all IT projects and new business objectives to ensure they are implemented on schedule with no issues.

+ Adheres strictly to compliance and operational risk controls in accordance with HSBC and regulatory standards, policies and practices; reports control weaknesses, compliance breaches and operational loss events. counterparts to ensure consistency and alignment to target operating models within the Middle Office

Decision-Making Responsibility

+ Use judgment to act in the team's and the organization's best interest in all responsibilities and situations

+ Ability to apply judgment to operational situations to drive progress

+ Identify potential financial risk to the bank and ensure proper resolution is achieved within the bank's guidelines

+ Escalate to senior management (e.g. Front Office, Product Control, Compliance, and/or Operations) any issues that may cause financial loss to the bank or that could affect client relationships and provide awareness of potential issues

+ Demonstrate a commercial mind-set when decision making regarding costs with a focus on value for money. Articulate cost benefits clearly and provide transparency regarding actual savings.

Management of Risk

+ Display understanding of and adherence to internal controls as well as relevant regulatory guidelines and controls and promote the awareness of the same

+ Must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations

+ Ensure compliance with operational risk controls in accordance with internal or regulatory standards and policies; and optimize relations with regulators by addressing any issues

+ Promote an environment that supports diversity and reflects the HSBC brand and adheres to the values of the company

Observation of Internal Controls

+ Each employee must maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Any failures to comply with the above should be reflected in year-end performance assessments

+ Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy


Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

+ FX & PM Derivative knowledge preferable

+ Understanding of Front to Back trade flows to manage Operational Risk

+ Ability to quickly analyze and make decisions in the event of a problem

+ Ability to quickly grasp new industry practices

+ Ability to learn new processes quickly

+ Lateral thinking to identify improvements in processes

+ Clear communication skills

+ Knowledge of financial processing systems and accounting

+ Minimum of a BA/BS degree in financial or related field, or related experience

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC's engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You'll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!


All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

**Job Field:** Investment Banking, Markets and Research

**Primary Location:** North America-United States-New York-New York

**Req ID:** 0000H90G

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