Description
In compliance with applicable laws, HSBC is committed to employing only those who are authorised to work in the US. As a Cash Management Specialist, you will lead Cash Services, focusing on nostro monitoring, reconciliations, adjustments, and funding support. You will monitor foreign currency nostro positions via RTCM (Real Time Cash Management) to ensure accounts are adequately funded, including intraday reconciliation for afternoon currencies (AED, INR, CAD, MXN, TRY). You will review the accuracy of nostro projected balance reconciliations completed by Cash Management Kuala Lumpur, including performing T+1 (trade date plus one day) balance substantiation and sending Start of Day (SOD) communication to the FX Desk.
You will perform intraday reconciliation for APAC (Asia-Pacific) currencies (AUD, CNY, HKD, JPY, SGD, THB, ZAR) and send End of Day (EOD) communication to the FX Desk. You will review and approve nostro adjustments raised by Cash Management Kuala Lumpur, and report resulting fluctuations to the FX Desk for FX funding. You will ensure accurate USD projections are provided to Markets Treasury for Broker/Dealer funding, including Fixed Income funding requirements to the BSM desk (Balance Sheet Management desk).
As Team Lead for Cash Services in the Manager's absence, you will provide guidance on manual payments processing, and serve as 2nd releaser for manual payments. You will review and update end-of-day checklists. You will operate within the regulatory framework for supported Treasury markets and within controls defined by Management, FIM (Functional Instruction Manual), and relevant Operations Instruction manuals. You will make decisions within assigned accountabilities, propose and implement process improvements, and escalate decisions impacting other areas to the immediate manager and relevant department managers.
Each employee must be aware of the Operational Risk scenario associated with the role and act in a manner that takes account of operational risk considerations. Each employee must ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimise relations with regulators by addressing any issues. Each employee must promote an environment that supports diversity and reflects the HSBC brand.
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.
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 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.